Norwegian concludes agreement to purchase 50 Boeing 737 MAX 8 aircraft
In May, Norwegian and Boeing announced an agreement in principle for the purchase of 50 Boeing 737 MAX 8 aircraft with options for another 30 aircraft. Today, Norwegian announced that the various closing conditions related to agreement have been met. Following this, Norwegian estimates that it will record a net gain of approximately NOK 2 […]
Airbus A321XLR takes off for the first time
Airbus’ first A321XLR (Xtra Long Range) has successfully accomplished its first flight. The aircraft, MSN 11000, took off from Hamburg-Finkenwerder Airport at 11:05 hrs CEST for a test flight which lasted approximately four hours and 35 minutes. The aircraft’s crew consisted of experimental test pilots Thierry Diez and GabrielDiaz de Villegas Giron, as well as […]
Brazil Reduced Income Tax Rates on Aircraft Lease Payments Through 2026 Signed into Law
On 1 June 2022, the Brazilian government announced the signing of Conversion Bill No. 7 of 2022 (Provisional Measure No. 1.094 of 2021) by President Jair Bolsonaro, which provides reduced income (withholding) tax rates on operations involving payments from sources in Brazil to legal entities abroad as consideration for a leasing agreement for aircraft and […]
International Airlines Group Finalizes Agreement for Up to 150 737 Jets
Boeing [NYSE: BA] and International Airlines Group (IAG) today announced an order for a combined total of 50 737-8-200s and 737-10s, plus 100 options. «The addition of new Boeing 737s is an important part of IAG´s short-haul fleet renewal. These latest generation aircraft are more fuel efficient than those they will replace and in line […]
ATR paves way for next generation of its best-selling aircraft
ATR, the world leader in regional aviation, today announced its plans for the next generation of its best-selling family of regional aircraft by 2030, the ATR ‘EVO’. The plan foresees advanced design features and a new powerplant with hybrid capability to offer customers the next generation of ATR aircraft. It will encompass innovative technologies to […]
Qantas confirms future Airbus fleet
Australia’s Qantas Group has confirmed that it will order 12 A350-1000s, 20 A220s and 20 A321XLRs. The news was announced at a ceremony in Sydney attended by Qantas Group CEO Alan Joyce and Airbus Chief Commercial Officer and Head of Airbus International, Christian Scherer. The A350-1000 was selected by Qantas following an evaluation known as […]
Fleet growth positions Virgin Australia for higher capacity, lower emissions
Virgin Australia Group has taken an important step in its journey towards Net Zero, unveiling the first phase of its fleet growth program which will see four new Boeing 737 MAX 8 aircraft introduced to its network and F100 aircraft retired from service and replaced by Boeing 737-700s. The four new MAX 8 aircraft, scheduled […]
Sustainability Themed Turkish Airlines Aircraft is in the Skies
Flying to more countries than any other airline, Turkish Airlines introduced a special design element adorned with leaves on its Airbus 321 type TC-JSU tail numbered aircraft, which was used for its environmentalist fuel operation. The global carrier operated its first flight with the new themed aircraft, flight TK1795, to Stockholm. In line with efforts […]
Air Canada Selects Pratt & Whitney GTF™ Engines to Power Up to 44 Airbus A320neo Family Aircraft
Pratt & Whitney, a division of Raytheon Technologies Corp. (NYSE: RTX) and Air Canada have announced the selection of Pratt & Whitney GTF™ engines to power 30 firm and 14 purchase right Airbus A321XLR aircraft. Pratt & Whitney will also provide Air Canada with engine maintenance through an EngineWise® Comprehensive service agreement. The first aircraft […]
Embraer Delivers Six Commercial and Eight Executive Jets in 1Q22
Embraer (NYSE: ERJ; B3: BOVESPA: EMBR3) delivered a total of 14 jets in the first quarter of 2022, of which six were commercial aircraft and eight were executive jets (six light and two large). As of March 31, the firm order backlog totaled USD 17.3 billion. Embraer delivered 56 Phenom 300 series light jets in […]
