Air India takes delivery of first Airbus A320Neo aircraft
Air India has taken delivery of its first Airbus A320neo, becoming the ninth Asian operator of the type. The aircraft is the first of 14 that the carrier will be leasing from Aviation Lease and Finance Company (ALAFCO).
Aircastle reveals strong Q4 and full year results
Aircastle has released their Q4 and full year results for 2016, with total revenues reaching $204.7 million for Q4 and $733 million for the full year. Total lease rental revenue for Q4 was $191.7 million and %742.4 million for the full year. Aircastle acquired 60 aircraft in 2016 for $1.6 billion and made $755.9 million in sales for the full year with strong lease placement progress in Q4.
Air Lease Corporation lease 2 A330-900s to Air Mauritius.
Air Lease Corporation will lease two new A330-900neos to Air Mauritius. The aircraft are fitted with Rolls-Royce Trent 7000 engines and are scheduled for delivery in September and October 2018. Steven F. Udvar-Házy, executive chairman of Air Lease Corporation said: “We are pleased to complete this A330-900 lease transaction with our friends at Air Mauritius. These two new widebody aircraft on lease from ALC will fit into the airline’s route network in an ideal manner.”
Iran announces leasing deal for 77 new planes
Iran says it has reached a final deal with a foreign leasing enterprise to finance the country’s purchases of 77 new planes from global aviation giants Boeing and Airbus. The announcement - that could facilitate plane purchase deals that Iran signed with both companies last year - was made by Iran’s Ministry of Roads and Urban Development as reported by the domestic media. The Ministry, as quoted by ISNA news agency, did not name the lessor nor did it specify when the leasing deal had been reached
New commercial aircraft funding requirements will continue to grow at a steady pace in 2017 on the back of robust expansion in the global aircraft fleet, Moody’s Investors Service says in its new report. Growth in the availability and trading of mid-life and older aircraft will further sustain the need for financing, and funding sources will remain abundant. According to the research company, more than 1,300 aircraft are scheduled for delivery in 2017, and that figure will be even higher in 2018. Boeing Capital Corp. forecasts the value of deliveries at $126 billion in 2017 and $141 billion in 2018, with the majority financed by debt.
Vietjet enters stock market, plans to issue bonds in int'l market
Vietjet Air has launched its IPO and plans to list its shares at the HCMC Stock Exchange (HOSE) on February 28. It is also considering issuing bonds in the international market. As many as 300 million VJC shares of Vietjet Air will be put into the first trading session at HOSE as announced by the privately-run air carrier.
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