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Irish Aircraft Leasing Newsletter 1 July

Irish Aircraft Leasing Newsletter 1 July

Amazon partners with GECAS to lease an additional fifteen 737-800 Converted Freighters

Amazon announced at the Paris Air Show a partnership with GE Capital Aviation Services (GECAS) to lease an additional fifteen Boeing 737-800 cargo aircraft. These fifteen aircraft will be in addition to the five Boeing 737-800’s already leased from GECAS and announced earlier this year. GECAS has plans to convert at least 50 of this type, providing the capacity for the growing need for cargo air transport. The aircraft are equipped with a rigid cargo barrier and have 12 main deck pallet positions. The aircraft have a maximum structural payload of 23,500 kg (51,800lb) and a maximum range of over 2,100 nautical miles.

Avolon Increases LEAP-1A Engine Portfolio With $2.06 Billion U.S. Order

Avolon announced 18th June it has selected CFM International’s LEAP-1A engine to power an additional 70 Airbus A320neo aircraft. The order is valued at $2.06 billion U.S. at list price. Avolon has been a CFM customer since the company was launched in 2010 and already has a committed fleet of more than 400 CFM-powered aircraft in its portfolio. Of that total, Avolon currently has LEAP-1A engines on order to power 40 A320neo family aircraft.

CDB Aviation Places $1.3 Billion LEAP-1A Order

CDB Aviation announced 19th June an order for CFM International’s LEAP-1A engines to power 45 Airbus A320neo aircraft. The engine order is valued at more than $1.3 billion U.S. dollars at list price. This is the CDB Aviation’s second LEAP-1A engine order. In November 2016, the company selected LEAP-1A engines to power 100 percent of its first batch of A320neo aircraft. Today’s order takes its LEAP-1A/A320neo fleet to 90 aircraft.

CFM, Macquarie Finance Close $588 Million U.S. LEAP-1A Engine Order

CFM International has finalized an order with Macquarie Airfinance Group Limited, a wholly owned subsidiary of Macquarie Group Limited, for LEAP-1A engines. “We are pleased to expand our great relationship with Macquarie to now include our advanced LEAP engine. We believe their airline customers will begin to reap the benefits of our advanced technology immediately.”

Elix Aviation Capital launch customer for ATR’s new Short Take Off and Landing version

Elix Aviation Capital announced 19th June itsigned a Letter of Intent to become the launch customer of the ATR 42-600S, with an order for 10 aircraft. This new version of the ATR 42-600 offers capabilities to take-off from and land on runways as short as 800m, with the ‘S’ representing STOL (Short Take Off and Landing). The aircraft will be delivered between 2022 and 2024.

NAC signs for up to 100+ ATRs

NAC and ATR announced 18th June the signature of a Letter of Intent for 35 firm ATR -600s, with options for a further 35 and purchase rights for another 35. Deliveries of the initial 35 aircraft will begin in 2020 and run up to 2025; the delivery schedule is optimized to ensure that market demand is best satisfied over the five-year period.

Nordic Aviation Capital and GE Finalize TrueChoice Flight Hour Agreement

Nordic Aviation Capital (NAC) and GE Aviation finalized a TrueChoiceTM Flight Hour agreement for its CF34-10E engines fleet. Under the agreement, NAC will offer GE Aviation-provided maintenance, repair and overhaul services to its CF34-10E lessees.

SMBC Aviation Capital Orders Additional CFM LEAP-1A ENGINES

SMBC Aviation Capital announced 17th June it has ordered forty CFM International LEAP-1A engines to power 20 additional Airbus A320neo aircraft. The engine order is valued at $588 million U.S. at list price. SMBC has a fleet of more than 350 aircraft powered by CFM56 and LEAP engines in service or on order.

SMBC Aviation Capital Selects Pratt & Whitney GTF™ Engines to Power 20 Additional Airbus A320neo Family Aircraft

SMBC Aviation Capital has selected Pratt & Whitney GTF™ engines to power an additional 20 A320neo family aircraft with options, bringing the leasing company’s total to 50 firm GTF-powered A320neo family aircraft. SMBC Aviation Capital currently manages 65 aircraft powered by GTF and V2500 engines. The additional aircraft are expected to be delivered by 2025.

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