10 Aug 2024

Macquarie AirFinance Places First Boeing 737 MAX Order

Avolon Partners With Airbus

Avolon announced a new partnership with Airbus to support the development of hydrogen-powered commercial aircraft through Airbus’ ZEROe Project. Airbus and Avolon will investigate how future hydrogen-powered aircraft could be financed and commercialised, and how they might be supported by the leasing business model.  Avolon President and Chief Commercial Officer Paul Geaney, said  “Joining the ZEROe Project is another step in Avolon’s sustainability journey, and we look forward to building on our long-standing partnership with Airbus to consider how the next generation of aircraft will be financed and commercialised. It will take a wide ecosystem of contributors to meet the challenges of hydrogen powered commercial flight, and Airbus is playing a crucial role in bringing partners together. While we continue to focus on supporting our customers in modernising their fleets with lower emissions aircraft, it is also vital we look beyond that at what can further drive our industry’s decarbonisation.”

Macquarie AirFinance Places First Boeing 737 MAX Order

Macquarie AirFinance announced that the lessor has made its first direct order for Boeing airplanes. The purchase of 20 737-8s doubles Macquarie AirFinance's existing 737-8 order book, which it acquired from ALAFCO Aviation Lease and Finance Co. in 2023. The 737 MAX family is well-suited to support airline fleet modernization plans by reducing fuel use and carbon emissions by 20% compared to the aircraft they will replace. Macquarie AirFinance CEO Eamon Bane said "The continued expansion and renewal of our fleet underscores our confidence in the strong future growth prospects of global commercial air transport. This order increases our existing OEM order book to 86 firm aircraft and will enable our airline partners to access the most modern, fuel-efficient aircraft.”

Nordic Aviation Capital Selects LEAP-1A Engines

Nordic Aviation Capital (NAC), announced an order for ten LEAP-1A engines to power five Airbus A321neo family aircraft. The agreement also includes options for two additional LEAP-powered A321neo family aircraft. Nordic Aviation Capital (NAC) President and CEO Norman C.T. Liu, said, “We are pleased to sign our first direct order with CFM, further strengthening our relationship with the leading engine supplier to the A320neo/A321neo family.”

TrueNoord agrees new Term Loan with BayernLB

TrueNoord announced it has secured a new five year Term Loan with BayernLB. The Term Loan sees TrueNoord reinforce their strong working relationship with the Bavarian and German financier. The financing, which includes an accordion feature, will support TrueNoord’s ongoing business growth, funding new asset acquisitions and refinancing of certain aircraft. TrueNoord CFO Paul Murphy  stated “I extend my thanks to the BayernLB team and to my colleagues at TrueNoord for completing this transaction smoothly and swiftly. It is evidence of the strength of both teams that the Term Loan was successfully finalised so fast and effectively.”

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