Foreign Airliner Leasing & Financing Un-Deserving Operators

Friday, September 21, 2012
By George Hatcher

Arik Air Ltd., and Aero Contractors Co. of Nigeria Ltd., Nigeria’s top two airlines, have been banned from getting loans by Nigeria’s Central Bank due to the massive debt they have accrued. Arik Air owes Asset Management Corp. of Nigeria more than $534 million. Aero Contractors owes more than $203 million. A bank that... »

Revamped Airtrans Jets go to Southwest to Delta

Tuesday, July 24, 2012
By George Hatcher

Delta Airlines is going to lease 88 former AirTran Airways Boeing 717 jets from Southwest Airlines. SW took over AirTran Airways in 2011. These planes are about to undergo a $100 million face lift. Southwest plans to replace the jets with bigger ones. The changes include the outdoor livery, and revamping the interiors. The... »

AeroTurbine Signs Three Year Exclusive Engine Management Agreement with Webjet Linhas Aereas

Wednesday, February 16, 2011
By George Hatcher

AMSTERDAM and MIAMI, Feb. 14, 2011 — AerCap Holdings N.V. announced today that its subsidiary AeroTurbine Inc., Miami, has signed a three year exclusive agreement with Webjet Linhas Aereas S.A. Under this agreement, AeroTurbine will provide engine management services to Webjet. AeroTurbine will manage all “off-wing” engine maintenance events for Webjet’s growing CFM56-3 engine... »

AerCap Opens Representative Office in Abu Dhabi

Wednesday, January 19, 2011
By George Hatcher

AMSTERDAM, Jan. 19, 2011 – AerCap Holdings N.V. (NYSE: AER) today announced the opening of a representative office in Abu Dhabi, United Arab Emirates. AerCap’s new Abu Dhabi office will be managed by a team of highly skilled aviation industry professionals with extensive experience in the region and will be led by Simon McLean,... »

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