25 Aug 2024
ALM acquires Airbus A321neo from Avolon
ALM acquires Airbus A321neo from Avolon
Aircraft Leasing & Management announced the purchase of one Airbus A321neo from Avolon. The aircraft bearing registration N440AN (MSN 10643) is the first aircraft operated by American Airlines to be added to ALM’s managed portfolio. ALM Manager Hirotoshi Takezoe, said “ALM and Fuyo are pleased to announce the acquisition of an A321neo from Avolon, bringing American Airlines into our growing family of customers. This acquisition aligns with our strategy to grow Fuyo’s fleet of modern and efficient aircraft, as well as expanding our global network of airline partners.”
Avolon’s largest ever engine commitment
Avolon announced orders for 310 new engines to power 155 Airbus A320neo family aircraft in its order book. Avolon has ordered 160 GTF engines from Pratt & Whitney, and 150 LEAP-1A engines from CFM International. The combined orders, announced today at the Farnborough Airshow, are valued at over $5 billion at current list prices. The agreement also includes options to purchase a further 160 Pratt & Whitney engines and 150 CFM International engines. Avolon CEO Andy Cronin stated “These engines will power our orderbook of A320neo family aircraft and put us in an excellent position to service our customers’ narrowbody requirements out to 2030 and beyond. Engine innovation has been one of the key tools to lower emissions and support the industry’s decarbonisation journey. We are delighted to be working with both Pratt & Whitney and CFM International, and excited about leveraging their engines to support the transition of our fleet to more fuel-efficient technology.”
CDB Aviation Closes $700 Million Loan Aircraft Portfolio Financing
CDB Aviation announced that the lessor entered into a $700 million facility agreement secured with a portfolio of Airbus and Boeing narrowbody and widebody aircraft on lease to various of the lessor’s airline customers. The deal structured as a Sustainability Linked Loan (“SLL”), the seven-year facility is considered the industry’s first SLL-based aircraft portfolio financing executed by an aircraft lessor globally. CDB Aviation CEO Jie Chen, said “This facility marks a significant achievement in our platform’s fundraising journey that was only possible because of the strong support from everyone involved, building on our platform’s robust ability to engage global financial institutions, the strong competencies and efforts of our entire team, and the unwavering support of our shareholder,.
Macquarie AirFinance orders LEAP-1B engines
Macquarie AirFinance finalized an agreement for 20 Boeing 737 MAX aircraft powered by 40 LEAP-1B engines. The CFM LEAP engine family delivers 15 to 20% lower fuel consumption and CO2 emissions, as well as a significant improvement in noise, compared to previous generation engines. Macquarie AirFinance CEO Eamonn Bane, said “We are very pleased to announce our latest order of CFM LEAP engines for the Boeing 737 MAX fleet. This investment underscores our commitment to providing our clients with the most efficient and reliable technology on the market. The advanced performance and fuel efficiency of the LEAP engines align with our goal of supporting sustainable growth and operational excellence in the aviation industry.”
Image Credit: Carguychris via Creative Commons
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