The deal will significantly reduce Norwegian Air’s capex requirements. On Thursday, Oslo-listed Norwegian Air stated, it has struck a deal with China’s CCB Leasing to take joint ownership of a large fleet of aircraft that it has ordered from Airbus…. Read More ›
The deal is worth nearly $1.3 billion at list prices. According to two industry sources, Airbus has sold ten A321neo aircraft to Sky Airline, a Chilean budget carrier. The scope of the deal was included in a monthly Airbus order… Read More ›
These new tariffs are likely to significantly impact numerous U.S. small and medium sized family businesses which import these European goods into the United States. In a significant development that sees a further escalation of the U.S.-EU trade war, the… Read More ›
The potential deal will see Air France replacing its ageing medium haul aircraft. According to industry sources, Airbus is close to signing a deal worth billions of dollars for the sale of dozens of A320neo-family and smaller A220 aircraft to… Read More ›
The A321neo is the most efficient single-aisle jet currently in the market. In a significant development, Airbus made a strong headway in getting orders and sealed deals with big buyers for its latest passenger jet, the A321XLR, at the Paris… Read More ›
The development sees Indigo moving away from Pratt & Whitney engines to CFM’s 1LEAP-1A engines. IndiGo, India’s biggest airline stated, it has placed a $20 billion order for jet engines from CFM International. The development is significant since it marks… Read More ›
French President Emmanuel Macron’s visit to Kenya has major geostrategic and economic implications. A strong bi-lateral relation between the two countries could largely offset China’s growing clout in the region. On Thursday, in a development that marks a deepening of… Read More ›
Given the intertwined nature of the airplane industry, FACC sees no danger to its business due to the U.S.-China trade war. Brexit though is another story, since it could rip apart existing supply chains. China-owned Austrian aeroplane parts maker FACC… Read More ›
The British parliament has begun a 5-day debate on the Brexit deal. Philip Hammond, Britain’s Chancellor of the Exchequer, made it lucid that leaving the European without a deal is not in Britain’s best interest. He however did not elaborate… Read More ›
China Development Bank Financial Leasing Co is the leasing arm of China Development Bank (CDB), HNA’s largest creditor. In a corporate filing, China Development Bank Financial Leasing Co, the aviation leasing arm of China Development Bank stated, it will finance… Read More ›
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