NewsAir Lease Corp. to raise $700 million for aircraft purchasesUS lessor Air Lease Corp. (ALC) will raise $700 million through a public offering, which may be used for commercial aircraft purchases. On Jan. 16, ALC said it will be issuing $700 million of senior unsecured medium-term notes, with an interest rate of 4.25%, maturing on Feb. 1, 2024. “The company intends to use the net proceeds of the offering for general corporate purposes, which may include, among other things, the purchase of commercial aircraft and the repayment of existing indebtedness,” ALC said in a statement issued Jan. 16.
LinkChinese regional Joy Air moves to mainline operations Chinese turboprop operator Joy Air will move into mainline operations, thanks to help from its new majority owner, the Xi’an city government. Initial mainline aircraft will be Boeing 737-800s from the fleet of former major shareholder Okay Airways, industry sources said. One 737-800 is already in Joy’s fleet. In line with common Chinese municipal practice, the Xi’an government evidently plans to build up Joy to support local economic growth. In doing so, it will supplement HNA Group carrier Changan Airlines, which is also based at the northwestern city.
LinkBrazil regulator to withdraw 10 Avianca Brazil A320 family jetsBrazil's civil aviation regulator is withdrawing the registrations of 10 Airbus A320 family aircraft in Avianca Brazil's fleet, dealing another blow to the financially troubled carrier. The withdrawals from Brazil's aircraft registry will occur within five working days, after which the aircraft must be returned, says ANAC. The move is in response to a request from lessor GECAS, it adds.
LinkInvestigators puzzle over 707's fatal short-runway overrunIranian investigators have yet to disclose why a Boeing 707-320C attempted to land at a general aviation airport with a short runway, during which it careered into a residential area. The aircraft, part of the Iranian air force fleet, overran runway 31L on 14 January and crashed through a perimeter wall located almost immediately beyond the runway surface.
LinkAA may delay air-traffic projects as US shutdown continuesThe partial shutdown at FAA is likely to delay several major airspace-modernization and safety initiatives, including implementation of new approach procedures at Washington Dulles International Airport (IAD) and the roll-out of taxiway-landing warning systems at major US airports. The shutdown forced FAA to cancel a key meeting with dozens of stakeholders that was meant to serve as a final approval of new procedures for triple-simultaneous approaches at IAD in instrument meteorological conditions.
LinkSamoa Airways set to take 737 Max 9Samoa Airways has signed a tentative agreement to lease a Boeing 737 Max 9 from Air Lease that will replace its sole 737-800. The carrier states that the new jet is scheduled to be delivered in March, and will be configured with 16 business and 173 economy class seats.
LinkJet Airways delays delivery of some 737 Max 8sEmbattled Indian carrier Jet Airways appears to have delayed delivery of at least three new Boeing 737 Max 8s. Flight Fleets Analyzer shows that three 737 Max 8s (MSNs 44864, 44616 and 44615) were handed over by the manufacturer in November and December 2018, but are not scheduled for delivery to the airline until February.
LinkBoom details noise goals for Overture supersonic airlinerBoom’s Overture supersonic airliner will be as quiet on takeoff and landing as subsonic aircraft flying similar routes today, the startup said, providing more insight into its efforts to reconcile the high- and low-speed requirements for its Mach 2.2 commercial aircraft.
LinkAustrian Airlines to close six regional crew bases, replace Q400 fleetLufthansa subsidiary Austrian Airlines will close six regional crew bases as the carrier replaces 18 Bombardier Dash 8 Q400s with Airbus A320s, the latest move in a new strategy to improve performance. Local crew bases in Altenrhein (located in Switzerland near the Austrian border)—as well as in the Austrian cities of Graz, Innsbruck, Klagenfurt, Linz and Salzburg—will close, affecting around 200 flight crew.
LinkIndia mandates more PW1100G checksIndia's Directorate General of Civil Aviation has imposed new operating restrictions and inspections on Airbus A320neo aircraft powered by Pratt & Whitney PW1100G geared turbofan engines. Following consultation with operators GoAir and IndiGo, the regulator issued a directive on 17 January barring PW1100G-powered A320neos from operating flights to Port Blair, along with a series of inspections on the engines to identify and correct potential low-pressure turbine (LPT) blades and dry face seal failures.
LinkEtihad 777s are first -200LRs to head for teardownMiddle Eastern carrier Etihad Airways is parting out two Boeing 777-200LR widebodies, which appear to be the first 777s of a current production model to be retired. UK parts specialist AJW Group has acquired one of the twinjets for disassembly. The 2007-vintage 777 (registered A6-LRC), powered by GE Aviation GE90-110B engines, arrived at Cotswold airport in the UK on 12 January, aircraft part-out specialist Air Salvage confirms.
LinkAirbus aims to boost A320 production when engine makers are readyAirbus is eager to further increase production of A320 family aircraft, but first needs engine makers to commit to increased engine delivery volumes. "We are preparing for a decision to go to higher rates," says Airbus head of commercial aircraft Guillaume Faury. "The engine makers have so far refused to commit to higher volumes. We know this is a discussion that's going to take place this year," he told reporters on 16 January.
LinkSingapore commits to “small” F-35 procurementSingapore has confirmed that it will replace its Lockheed Martin F-16s with the F-35, but will assess a “small number” before deciding on its long-term fleet. The country’s defense ministry announced the decision to acquire to acquire the F-35 in a brief statement on its website.
LinkUS Air Force looks at using F-35 as ballistic missile interceptorThe US Air Force and Missile Defense Agency (MDA) are examining integrating the Lockheed Martin F-35 Lightning II into the US ballistic missile defense system. The stealth fighter’s abilities, especially its sensors, were highlighted as part of the Pentagon’s Missile Defense Review, released on 17 January, which stressed Russia, China, Iran and North Korea’s growing arsenal of cruise and ballistic missiles as a potential threat to US security.
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