Korean Air will sign a contract with Airbus for the procurement of 33 state-of-the-art A350 family aircraft. The deal, which includes 27 A350-1000s and six A350-900s, is valued at USD 13.7 billion. The order will supplement the airline’s long-term fleet operations as it gradually retires its older aircraft. The procurement of the next-generation, eco-friendly A350 […]
Swedavia, Airbus, Avinor, SAS and Vattenfall have signed a Memorandum of understanding (MoU) to work together to develop infrastructure for hydrogen aviation at airports in Sweden and Norway. The goal of the collaboration is to, through a preliminary study on hydrogen, develop a framework and review the conditions for a possible rollout of hydrogen-powered aviation […]
Supporting fleet renewal strategy with lower emissions aircraft Avolon has orderbook of 287 A320neo family aircraft Avolon, a leading global aviation finance company, has completed the delivery of the first A320neo in Transavia France’s fleet, as part of a leasing agreement with the French low-cost subsidiary of the Air France-KLM Group. The delivery was celebrated […]
VINCI Airports and TotalEnergies announce the arrival of sustainable aviation fuel at Saint-Nazaire Montoir airport. Produced from used cooking oils, the biofuel (before mixing) reduces CO2 emissions by up to 90% over the entire life cycle, compared to fossil kerosene. Airbus, the main customer of Saint-Nazaire Montoir airport, will use this alternative fuel to refuel […]
50 A320neos on order converted to larger A321neo model Dublin | 5 September 2023: Avolon, a leading global aviation finance company, has signed a binding agreement for its order of 20 new A330neo aircraft from Airbus. The order firms up a memorandum of understanding signed at the Paris Airshow in June. The new aircraft are […]
Continued growth in new technology fuel-efficient aircraft in Avolon’s delivered fleet Avolon, the international aircraft leasing company, announces it has completed the delivery of its 100th Airbus A320neo. The delivery to Cebu Pacific is the second A320neo delivery under an agreement made earlier this year for the Philippines low-cost carrier to lease three new A320neos. […]
Avolon, the international aircraft leasing company, announces it has completed the delivery of 15 A320neo family aircraft to IndiGo, India’s largest passenger airline. Delivery of the aircraft commenced in September 2022 and was completed February 2023. The sale and leaseback transaction comprised a mix of six A320neo aircraft and nine A321neo aircraft. Paul Geaney, President […]
Pegasus Airlines closed the first ever sustainability-linked aircraft-secured term loan (“SLL”), which was guaranteed by UK Export Finance for the financing of ten new Airbus A321neo aircraft. The transaction was led by Societe Generale, acting as global arranger, sustainability structurer, facility agent and security trustee. The highly innovative transaction is remarkable in several respects: it […]
Korean Air recently received its first Airbus 321neo, which it will deploy starting from December. The airline’s A321neo is equipped with fully lie-flat seats in business class, making it the first Korean airline to offer this feature on a narrowbody aircraft. The airline’s first A320 Family aircraft is a single-aisle narrowbody with a total of […]
Korean Air and Airbus Helicopters signed a memorandum of agreement (MOA) on October 5 to develop vertical unmanned aerial systems (VUAS) for the Republic of Korea Armed Forces. Jung-woo Park, head of Korean Air’s Aerospace Business Division, and Bruno Even, CEO of Airbus Helicopters, attended the signing ceremony in Seoul. As highlighted in the MOA, […]
