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North American Newsletter 7 February

North American Newsletter 7 February

Aersale Orders Six Additional Precision 757-200PCF Conversions Plus Four Option Aircraft Bringing The Total Commitment To A Potential 16

Precision Aircraft Solutions announced the award of a contract from AerSale for six (6) additional 757-200PCF conversions plus four options, bringing the total number of potential commitments to sixteen (16). AerSale began converting their first 757-200PCF in January 2021, and the 6th unit will be inducted in February 2022. Later this year, AerSale will begin inducting additional 757-200 conversions in HAECO Xiamen to supplement existing capacity in North America.

Aviation Capital Group Announces Delivery of One Boeing 737-8 MAX to Icelandair

Aviation Capital Group announced the delivery of one new Boeing 737-8 MAX aircraft on long-term lease to Icelandair. The Boeing 737 MAX aircraft, powered by CFM International’s LEAP-1B engines, is part of a multi-aircraft transaction between ACG and the airline.

Boeing Launches 777-8 Freighter to Serve Growing Demand for Cargo, Enhanced Environmental Performance

Boeing launched the new 777-8 Freighter and expanded its market-leading 777X and freighter families of jetliners with an order for up to 50 aircraft from Qatar Airways. Qatar Airways will be the 777-8 Freighter launch customer with a firm order for 34 jets and options for 16 more, a total purchase that would be worth more than $20 billion at current list prices and the largest freighter commitment in Boeing history by value. The 777-8 Freighter will be the largest, longest-range and most capable twin-engine freighter in the industry. With payload capacity nearly identical to the 747-400 Freighter and a 25% improvement in fuel efficiency, emissions and operating costs.

GE Aviation to partner with Boeing on hybrid electric flight test demonstration program

GE Aviation has announced it selected Boeing to support flight tests of its hybrid electric propulsion system using a modified Saab 340B aircraft and CT7-9B turboprop engines. Boeing and its subsidiary Aurora Flight Sciences will provide GE Aviation with airplane modification, system integration and flight-testing services. That work includes nacelle manufacturing, flight deck interface design and software, aircraft-level performance analysis, and systems integration. The program, part of NASA’s Electrified Powertrain Flight Demonstration (EPFD) project, is a total $260 million effort including investments from NASA, GE Aviation, Boeing and other partners over five years.

Global Crossing Airlines Group, Inc. Form S-1 Registration Statement Declared Effective

Global Crossing Airlines Group, Inc. announced that its resale registration statement on Form S-1 filed under the U.S. Securities Act of 1933, as amended was declared effective by the Securities and Exchange Commission on 3rd February. GlobalX filed the Registration Statement, to register the resale of shares of common stock and Class B non-voting common stock, including shares issuable upon the exercise of warrants, by the selling stockholders named in the Registration Statement, which securities acquired in prior private placements. GlobalX has become a reporting issuer under the Securities Exchange Act of 1934, as amended and will file reports under the Exchange Act with the SEC.

KLM Royal Dutch Airlines begins new service to Amsterdam this March

KLM Royal Dutch Airlines announced North American network expansion launching a new route to Austin, Texas commencing 28th March. KLM will operate a direct service between Amsterdam Airport Schiphol (AMS) and Austin–Bergstrom International Airport (AUS) three times a week using Boeing 787-9 aircraft. Air France-KLM SVP & General Manager of North America Eric Caron stated “We are excited to expand our service and inaugurate the first scheduled service between Austin and Amsterdam. We look forward to connecting Austin to our global network via Schiphol and providing Europeans direct access to the dynamic city of Austin with its vibrant culture and robust tech industry.”

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