14 Sep 2021

North American Newsletter 14 September

Air Lease Corporation Announces Lease Placement of Ten New Airbus A321-200neo Aircraft and Sale & Lease-back of Five New Airbus A320-200neo Aircraft with Spirit Airlines Air Lease Corporation announced long-term lease placements for ten new Airbus A321-200neo aircraft and sale and lease-backs of five new Airbus A320-200neo aircraft with Spirit Airlines.  The five A320neos are scheduled to deliver to Spirit Airlines in 2021 and 2022 and will be owned by one of ALC’s managed aircraft ventures through funds managed by Waterfall Asset Management.  The ten A321neos are scheduled to deliver to Spirit Airlines from ALC’s orderbook with Airbus beginning in 2023 through 2024. Frontier Airlines Retires Final Airbus A319 Aircraft Frontier Airlines marked a significant fleet milestone with the retirement of its last Airbus A319 aircraft registered N949FR - delivered to the airline in 2006. Frontier passengers, crew and executives commemorated the occasion during flight 391 from Nashville (BNA) to Denver (DEN). The phase-out of the A319 is part of a fleet modernization plan. Frontier Airlines VP Commerical Daniel Shurz said “The retirement of Frontier’s last Airbus A319 aircraft is a proud and symbolic moment for our team as we look ahead towards a greener future. Our ultra-modern fleet is already the most fuel-efficient in the U.S. skies and, as we continue the transition to A320neo (New Engine Option) and A321neo aircraft, our fuel savings and operational efficiencies continue to evolve.” GE Aviation awarded U.S. FAA CLEEN III funding for more sustainable aviation technologies GE Aviation is advancing ground-breaking work to develop noise and emissions-reducing technologies for aircraft engines under a research partnership announced by the U.S. Federal Aviation Administration (FAA). GE and the U.S. FAA will invest nearly $55 million over five years to accelerate development of a series of technologies for more sustainable aviation, including open fan engine architecture, electrification, noise-lowering technologies, and more, as well as ongoing research into alternative jet fuels through the FAA‘s Continuous Lower Energy, Emissions and Noise (CLEEN) program. JetBlue Names Ursula Hurley Chief Financial Officer JetBlue announced the appointment of Ursula Hurley to Chief Financial Officer, effective immediately. Hurley, a 17-year veteran of the airline, has served as acting CFO since June 2021. As CFO, Hurley will be responsible for JetBlue’s overall financial strategy including accounting, audit, aircraft and engine transactions, cash management, corporate finance, fuel, and tax. She will also oversee the company’s real estate and strategic sourcing units and will continue reporting to Robin Hayes, JetBlue’s chief executive. SalamAir takes delivery of first of two A321NX from GECAS GECAS announced the delivery of the first of two A321NX aircraft to SalamAir with the arrival of one, MSN 10483, into Muscat, Oman from Hamburg. As announced in late 2019, GECAS is providing the two aircraft from its own delivery line. GECAS’ SVP & Region Manager  Michael O’Mahony said “GECAS is pleased to deliver our first aircraft with SalamAir, one of the fastest growing low-cost carriers in the Middle East. These CFM LEAP-powered aircraft will assist in their expansion into locations in Asia and Europe.” Acumen Aviation © 14 September 2021  All Rights Reserved.