28 Mar 2022

North American Newsletter 28 March

Air Lease Corporation Confirms New Lease Agreements with Aeromexico for Nine New Boeing 737 Aircraft Air Lease Corporation announced long-term lease agreements for nine new Boeing 737 aircraft with Aeromexico. Consisting of two new 737-8s and seven new 737-9s, the aircraft are scheduled to deliver between July 2022 and August 2023 from ALC’s orderbook with Boeing. Air Lease Corporation Executive Chairman Steven Udvar-Házy stated “Air Lease Corporation is Aeromexico’s largest lessor, and we are pleased to further our relationship with the airline with these nine new Boeing 737 aircraft lease placements. The 737 offers the most modern, fuel-efficient technology to enhance the global capabilities of Mexico’s premier airline.” ATSG Orders More Boeing Freighter Conversions to Meet Strong Demand Air Transport Services Group announced that its leasing subsidiary Cargo Aircraft Management has placed a second order with Boeing for the conversion of four CAM-owned 767-300 aircraft into Boeing Converted Freighters (BCF), with an option for four additional conversions beyond that. The conversions are slated to begin in late 2023. Aviation Capital Group Announces Delivery of One A321neo to STARLUX Airlines The Aviation Capital Group announced the delivery of one new Airbus A321neo aircraft on long-term lease to STARLUX airlines. Featuring CFM International LEAP-1A30 engines, this is the third A321neo to deliver to the airline from ACG’s orderbook with Airbus. Canada Jetlines Appoints Experienced Travel Industry Executive as CFO Canada Jetlines announce that Mr. Percy Gyara has been appointed as Chief Financial Officer of Canada Jetlines effective 28thMarch. Mr. Gyara is globally experienced senior Finance Leader with a successful career of 25 plus years spanning North America, India and Mid-East. Global Crossing Airlines Announces $6.0 million Financing Global Crossing Airlines announced a $6.0 million offering of non-convertible debentures. The lead investor in the Offering is Alterna Capital Partners LLC , through an affiliate of Alterna Core Capital Assets Fund II, L.P., with a S$2.5 million commitment. Alterna is a real asset investor with a specific focus on transportation assets. WestJet Cargo and the GTA Group announce partnership expansion to better serve Canada's express cargo market WestJet Cargo and the GTA Group announced a long-term partnership that will support the expansion and growth of domestic cargo opportunities for both businesses. Beginning in 2022, WestJet Cargo will partner with the GTA Group to increase shipping capacity using four dedicated 737-800NG freighters operated by WestJet, to fulfill overnight express cargo service out of WestJet's Toronto hub. WestJet, Executive Vice-President, Cargo and President Charles Duncan stated “This partnership is building on proven success between WestJet Cargo and the GTA Group. WestJet Cargo will bring customers new competitive options, and together with GTA we will disrupt the industry, providing more air freight capacity to domestic cargo customers who depend on reliable and on-time performance. We are eager to see these freighters take flight as we plan ahead to best serve Canadians and their business needs." Acumen Aviation © 28 March 2022  All Rights Reserved.