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Aircraft Finance & Leasing News - North America.

Jul 19, 2009

The General Aviation Manufacturers Association is not yet ready to predict a recovery, but believes most indications point to an improving industry. "Overall, I don't have a better crystal ball than anyone else, but we're hopeful we have found the bottom and things will start picking up," says GAMA chief executive Pete Bunce. He says used aircraft inventories have started shrinking, monthly flight activity levels have begun to stabilise and the availability of credit is improving. But Bunce warns that "the biggest driver is the overall economy" and "the jury is still out" on whether it has bottomed out. Jul 17, 2009

Airbus, Boeing

Boeing says a five-year-old trade dispute about alleged Airbus subsidies is likely to be decided by a World Trade Organisation panel during the last week of August. Jul 16, 2009

Alaska Airlines, Boeing, Bombardier

Alaska Airlines and its regional affiliate Horizon Air have agreed order deferrals for 737s and Q400s with Boeing and Bombardier, respectively. Seattle-based Alaska has deferred four 737-800s from 2011 to 2012/13, in parallel with exercising four options for delivery in 2014/15. The airline has firm orders for 21 737-800s, and 40 options. Plans to take seven 737s next year have been maintained. The converted options will "fill in for aircraft retirements", says the carrier. Jul 15, 2009

American Airlines, Boeing

American Airlines is giving serious consideration to the role its Boeing 757s will play in its long-term fleet plan as the carrier's chief executive says it faces challenges with the aircraft's economics. Carrier Chairman and CEO Gerard Arpey today during an earning's call opted not to address a query about using the 737-900ER as a 757 replacement, although the carrier has mentioned some interest in the newer Boeing model in the past. But Arpey did highlight cost issues associated with its 757s. "It is fair to say we are struggling with the economics of the 757 fleet in light of some of the contractual issues we have with suppliers," he explains. Currently, American operates 124 757-200s. Jul 15, 2009

American Airlines, Boeing

American Airlines said Wednesday that it has the the money to take delivery of all 84 of its Boeing 737 orders through 2011. Previously, American had said it only had financing commitments to cover 737 orders into the second half of 2010. Jul 15, 2009

Boeing, Airbus, Northrop Grumman

The US Department of Defense has told both teams bidding for its air force's KC-X tanker contract that a draft request for proposals has been delayed until about the fourth quarter of this year. The delay means Boeing and a Northrop Grumman/EADS North America team must wait at least a month longer to view the DoD's plans for the competition, and exposes the solicitation process to direct intervention by the US Congress appropriations committees. Jul 16, 2009

Boeing, Honeywell

Boeing and members of the Sustainable Aviation Fuel Users Group, an airline-led industry working group, today announced that several leading air carriers have been accepted as members to the group. Existing members welcome the new group members Alaska Airlines, British Airways, Cathay Pacific, TUIfly and Virgin Blue. Current airline members include Air France, Air New Zealand, ANA (All Nippon Airways), Cargolux, Gulf Air, Japan Airlines, KLM, SAS and Virgin Atlantic Airways. Boeing and Honeywell's UOP, a refining technology developer, are associate members. Since its launch in the fall of 2008, the User Group has established a foundation of airlines, environmental organizations, research projects and practices and principles that can help accelerate the commercialization and availability of sustainable biofuels. Jul 13, 2009

Continental Airlines, Boeing

Continental Airlines will record USD 44 million in special charges for the second quarter, USD 43 million of which comprises noncash impairments on owned 737-300/-500 aircraft and related assets (USD 31 million) and noncash charges related to the disposal of three -300s (USD 8 million) and "certain obsolete spare parts" (USD 4 million). CO decided one year ago to retire all -300s and a "significant portion" of its -500 fleet by January 2010. It will announce its complete second-quarter results on July 21. Jul 16, 2009


Dassault has delivered the 2,000th Falcon business jet since the first aircraft - a Falcon Mystre 20 - entered service 44 years ago. The handover of the 2000LX to Turkish company Ko Holding at Dassault's Bordeaux-Mrignac facility in South West France comes as the Falcon fleet, which consists of 17 different types across 67 countries, logs more than 14 million flight hours. Jul 13, 2009

Frontier Airlines, Embraer

A bankruptcy judge overseeing the restructuring of Frontier Airlines under Chapter 11 bankruptcy protection has approved its purchase by Republic Airways Holdings for USD 108 million. Republic is a former partner to Frontier, operating 12 Embraer E-170s from Frontier's Denver hub until June of 2008. Frontier ended the air services agreement after filing for bankruptcy protection in April of the same year. Frontier's entrance into Chapter 11 protection left Republic as one of the carrier's largest unsecured creditors, and ultimately Republic supplied roughly USD 40 million in debtor-in-possession (DIP) financing to Frontier. Jul 13, 2009


Sikorsky Global Helicopters, a Sikorsky company, recently delivered an S-300C(TM) helicopter to UND Aerospace at the University of North Dakota. Sikorsky Aircraft Corp. is a subsidiary of United Technologies Corp. Jul 13, 2009

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Publication:AirGuide Business
Date:Jul 20, 2009
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