Pan Am Flight Academy, a leading aviation training provider, has acquired a new Level D B737 MAX-8 simulator to enhance its commercial pilot training programs. The state-of-the-art simulator is expected to be ready for training by July 2023 enabling Pan Am to incorporate a new aircraft sim to its extended offering.
The new simulator features the latest technology for a realistic and immersive training experience. It will be fully equipped with the latest L3 Harris RealitySeven technology. The new B737 MAX-8 sim will have all the latest features including the Runway Awareness and Advisory System (RAAS), TCAS II-7.1, weather radar, electric control loading and motion system and RSi EPIC visual system.
"We are excited to add the B737 MAX-8 simulator to our fleet of training devices," said Jeff Portanova, President of Pan Am Flight Academy. "This new simulator is a significant investment in our training programs and will provide our students with the highest quality training experience."
Japan Airlines has agreed on a new deal for 21 Boeing 737 MAX 8 aircraft as part of a fleet renewal programme.
Yuji Akasaka, president of Japan Airlines deliberately tried to obfuscate the public knowledge of the actual aircraft ordered by using the aircraft's technical type of 737-8 in statements and not the more widely known 737 MAX 8 name. The aircraft ordered are identical to the Lion Air and Ethiopian Airlines aircraft that crashed killing all onboard due to the flawed aerodynamics and safety software
Yuji Akasaka said: "We are delighted to select the Boeing 737-8, a member of the very latest 737 MAX family, to replace our Boeing 737-800s, which make up the largest proportion of the JAL Group's fleet. We look forward to carrying our passengers in the utmost safety and comfort and to moving closer to our 2050 carbon-neutral goals, thanks to a combination of these super-efficient aircraft, operational innovations and new fuel-saving technologies."
Luxair has decided to use Boeing 737- MAX jets to expand its single-aisle fleet, the company is to acquire four of the jets, identical to the Ethiopian Airlines and Lion Air planes that crashed killing all onboard in 2019 and 2018.
Luxair will initially lease two 737- MAX 8s that are due for delivery for the summer, ensuring the airline provides its customers with increased capacity and connectivity to more destinations for the busy summer travel season. It has additionally placed a direct order for two 737- MAX 8s.
"Today is a good day for Luxair, our staff and our esteemed clients. Luxair took a large step into the direction of securing its role as the quality airline of Luxembourg and the Greater Region," said Gilles Feith, Luxair CEO. "I want to thank our Board of Directors for this act of trust, our staff members who helped us in the last years, all our valued customers and Cargolux. Today marks just the beginning of the journey of securing the long-term future of Luxair. Much more is yet to come."
Avolon’s first lease deal with India’s newest airline
Avolon, the international aircraft leasing company, has confirmed it has completed the delivery of 5 new Boeing 737-8 MAX aircraft to Akasa Air, India’s newest airline. Delivery of the aircraft commenced in December 2022 and was completed in January 2023. This sale and leaseback transaction is Avolon’s first deal with Akasa.
Paul Geaney, President and Chief Commercial Officer at Avolon commented: “We are excited to support new entrants to the market, so it is a pleasure to have completed this transaction to lease 5 new narrowbody aircraft to Akasa. We congratulate Akasa on their successful launch and look forward to building on our strong relationship with them.”
Bhavin Joshi, Co-Founder and Sr. Vice President - Leasing & Procurement at Akasa Air commented: “Since our launch last August we have rapidly added capacity, new routes and welcomed one million passengers to our unique offering. We are delighted to join hands with Avolon and will continue to invest in new technology aircraft that can offer superior reliability and carbon efficiency.”
Akasa Air hopes to have a fleet of 72 Boeing 737 MAX aircraft powered by the highly fuel-efficient CFM LEAP-1B engine, over a period of five years. The 737 MAX family provides low seat-mile costs for a single-aisle aeroplane as well as high dispatch reliability. Every aircraft will feature the Boeing Sky Interior, highlighted by modern sculpted sidewalls, window reveals and LED lighting that enhances the cabin experience.
BOC Aviation Limited recently confirmed it had entered into an agreement with The Boeing Company to purchase 40 new Boeing 737 MAX 8 aircraft. All aircraft are scheduled for delivery in 2027 and 2028.
“We are pleased to continue to build on our existing relationship with Boeing, with this 40-aircraft incremental order for the fuel-efficient Boeing 737 MAX 8 aircraft. The incremental aircraft takes our total 737 MAX 8 orderbook with Boeing to 80 aircraft,” said David Walton, Deputy Managing Director and Chief Operating Officer. “We look forward to continuing to provide one of the industry’s most technologically advanced aircraft for delivery on lease to our airline customers, to support their sustainable growth over the balance of this decade.”
“We are proud that BOC Aviation continues to invest in the 737-8 with its industry-leading versatility and ability to fly almost any short and medium-haul market profitably,” said Ryan Weir, vice president of Global Leasing Sales, Boeing Commercial Airplanes. “We look forward to more opportunities to expand our relationship to support BOC Aviation and its customers.”
LOT to take 6 unwanted 737 MAX 8 on lease Photo Boeing
This week the aircraft leasing giant Air Lease Corporation confirmed it had agreed on a deal to lease 6 Boeing 737 MAX 8 jets to LOT Polish Airlines.
This deal will see all the planes delivered to LOT this month, October 2022 and will add to the five Boeing 737-8 and one Dreamliner aircraft currently on lease to the Polish airline from ALC.
“We are honoured and pleased to expand our long relationship with LOT by leasing the airline six modern 737- [MAX] 8 jet aircraft, in addition to the six aeroplanes currently on lease, doubling the size of the ALC-owned portfolio to 12 aircraft at LOT. ALC has played an important role in the recent fleet modernization program of LOT since late 2017 and these six additional aircraft will support LOT’s network and development strategy,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation.
“LOT is in the process of selecting a new fleet in the regional and narrow-body segment. Until a supplier is selected, we are planning to source aircraft as a bridging solution - the first Embraer 175 and 190 have already joined LOT Polish Airlines' fleet and will soon be followed by the Boeing 737- [MAX] 8. I am very pleased to see these reliable and economical aircraft completing our single-aisle fleet,” said Maciej Wilk, Chief Operating Officer of LOT Polish Airlines.
LOT Polish Airlines was founded in 1928 and is based in Warsaw using Chopin Airport as its main hub. It also flies from Tallinn, Krakow and Budapest, and with over 90 destinations covered in mainly Europe and the Middle East it also has many long-haul flights to North America and Asia.
Russian Aviation Insider is reporting that the Russian airline S7 is to return two Boeing 737 MAX 8 jets to Air Lease Corporation and Aviation Capital Group, following approval from Prime Minister Mikhail Mishustin.
The permission was granted on 27th August and the two aircraft - VQ-BGW (MSN 43302) and VQ-BGV (MSN 44297) will now be returned to their lessors.
Air Models have a range of aircraft models, including some special 737 MAX models, including this one in the colours of flydubai.
Korean Air will resume “transit exclusive domestic flights” between Busan Gimhae International Airport and Seoul Incheon International Airport from September 30 after being suspended for two and half years due to the pandemic.
The airline will use Boeing 737 MAX-8s on two daily flights (KE1402, KE1408) that will depart from Busan at 7:00 am and 3:25 pm. The returning flights (KE1401, KE1407) will take off from Seoul Incheon at 9:30 am and 6:45 pm.
The transit-exclusive domestic flights are only available for passengers departing from or returning to Busan with international flights to/from Seoul Incheon. These flights differ from other domestic flights as they are operated as international flights.
Passengers of international flights heading to Busan via Seoul Incheon will go through immigration, customs and retrieve their checked baggage at Busan. When taking an international flight from Busan via Seoul Incheon, all boarding procedures such as immigration and baggage checks are completed at Busan.
Korean Air expects the resumption of the transit exclusive domestic flights to improve passenger convenience for passengers flying international flights to/from Busan and Gyeongnam Province. The airline will continue to improve customer convenience by facilitating the use of international flights through Incheon International Airport.
Air Models have a range of aircraft models, including some special 737 MAX models, including this one in the colours of flydubai.
The Virgin Australia Group is expanding its 737 MAX fleet with four additional MAX 8s to join the firm to cope with increased demand. First delivery of the additional Boeing 737 MAX 8 aircraft is expected in 2023.
Virgin Australia Group CEO Jayne Hrdlicka said “Despite the challenges faced by our industry, demand for travel remains strong and we’re responding with a focus on the long-term by increasing the efficiency and sustainability of our fleet with four additional Boeing MAX 8s joining our fleet from 2023.
The airline has also arranged as part of a long-term partnership with global aviation training provider CAE.for priority access to a Boeing 737NG full-flight simulator that will be deployed in Jandakot, near Perth.
Hrdlicka said: “I’m also thrilled today to announce a long-term partnership with world-class aviation training provider CAE, who will deploy a 737NG full-flight simulator for Virgin Australia at their training centre in Jandakot, near Perth. Demand for 737NG simulator training is at extraordinary levels globally and securing this capacity at home is an enormous benefit to both Virgin Australia, and our pilots undergoing training.
“Today is a great day for our pilots and for Perth. The continued focus on investment in people, aircraft and infrastructure is important to our business and the added activity in Perth will be great for many of our existing partners in Western Australia.
“This means our Western Australian pilots will have the opportunity to be trained at their home base, saving them travel time to and from the East Coast or further, while providing significant cost savings to the business and driving efficiency in our training program.
“This is the first time we will have a simulator outside of Queensland or Victoria, and while Virgin Australia’s home will always be in the Sunshine State, it demonstrates the growth and importance of our business in Western Australia and of the state to Virgin Australia.”
Air Models have a range of aircraft models, including some special 737 MAX models, including this one in the colours of flydubai.
In another move forward, Virgin Australia has also announced that Brisbane and Melbourne airports will now feature fast track security facilities for eligible Virgin Australia customers, with the airline re-opening Premium Entry in Brisbane and a Priority Screening lane at Melbourne Airport.
The premium security experience, reserved for Velocity Frequent Flyer Platinum, Gold and Beyond members, Virgin Australia Business Class guests, and eligible high tier guests of the airline’s renowned international airline partners, will open between 5.00am and 10.00am weekdays, allowing guests to swiftly move through both airports.
The Virgin Australia Group is expanding its 737 MAX fleet with four additional MAX 8s to join the firm to cope with increased demand. First delivery of the additional Boeing 737 MAX 8 aircraft is expected in 2023.
Virgin Australia Group CEO Jayne Hrdlicka said “Despite the challenges faced by our industry, demand for travel remains strong and we’re responding with a focus on the long-term by increasing the efficiency and sustainability of our fleet with four additional Boeing MAX 8s joining our fleet from 2023.
The airline has also arranged as part of a long-term partnership with global aviation training provider CAE.for priority access to a Boeing 737NG full-flight simulator that will be deployed in Jandakot, near Perth.
Hrdlicka said: “I’m also thrilled today to announce a long-term partnership with world-class aviation training provider CAE, who will deploy a 737NG full-flight simulator for Virgin Australia at their training centre in Jandakot, near Perth. Demand for 737NG simulator training is at extraordinary levels globally and securing this capacity at home is an enormous benefit to both Virgin Australia, and our pilots undergoing training.
“Today is a great day for our pilots and for Perth. The continued focus on investment in people, aircraft and infrastructure is important to our business and the added activity in Perth will be great for many of our existing partners in Western Australia.
“This means our Western Australian pilots will have the opportunity to be trained at their home base, saving them travel time to and from the East Coast or further, while providing significant cost savings to the business and driving efficiency in our training program.
“This is the first time we will have a simulator outside of Queensland or Victoria, and while Virgin Australia’s home will always be in the Sunshine State, it demonstrates the growth and importance of our business in Western Australia and of the state to Virgin Australia.”
Air Models have a range of aircraft models, including some special 737 MAX models, including this one in the colours of flydubai.
In another move forward, Virgin Australia has also announced that Brisbane and Melbourne airports will now feature fast track security facilities for eligible Virgin Australia customers, with the airline re-opening Premium Entry in Brisbane and a Priority Screening lane at Melbourne Airport.
The premium security experience, reserved for Velocity Frequent Flyer Platinum, Gold and Beyond members, Virgin Australia Business Class guests, and eligible high tier guests of the airline’s renowned international airline partners, will open between 5.00am and 10.00am weekdays, allowing guests to swiftly move through both airports.
Boeing has delivered the first 737 MAX 8 aeroplane to Bonza, a new carrier that becomes the first Australian airline to fly the new 737 MAX. Bonza held an arrival ceremony to commemorate the milestone and welcome the arrival of the fuel-efficient 737-8 at its Sunshine Coast base.
“We are beyond excited to welcome our first 737 MAX to Sunshine Coast Airport and with so much buzz around the country for Bonza, we hope today is also exciting for the communities we’ll be flying to,” said Tim Jordan, CEO of Bonza. “Our teams have been working hard behind the scenes to reach this significant milestone and we cannot wait to launch operations in the near future. The efficiency, reliability and overall capability of the 737 MAX will enable us to provide our customers with low-cost flights and the highest level of comfort onboard.”
Air Models have a range of aircraft models, including some special 737 MAX models, including this one in the colours of flydubai.
“This is a tremendous milestone for Bonza and Boeing as the airline joins many operators around the world who have launched service with the 737 MAX,” said Christy Reese, vice president of Commercial Sales and Marketing Asia Pacific, Boeing Commercial Airplanes. “Bonza has created a new business model to create new markets in Australia’s dynamic commercial aviation market. We are confident that the fuel-efficient 737-8 aeroplanes will enable the airline to provide their passengers with a comfortable flying experience and a more sustainable option to travel throughout the country.”
BOC Aviation Limited is a leading global aircraft operating leasing company with a fleet of 608 aircraft owned, managed and on order has confirmed it has delivered the final aircraft of seven new Boeing 737 MAX 8 aircraft to Turkish Airlines.
“This delivery reflects the strong level of cooperation that we enjoy with Turkish Airlines, building on our 18-year relationship,” said Mr. Robert Martin, Managing Director and Chief Executive Officer, BOC Aviation. “We look forward to further developing our long and successful partnership with Turkish Airlines as we continue to provide our airline customers with more fuel-efficient and technologically advanced aircraft solutions,” added Mr. Martin.
BOC's owned and managed fleet was leased to 79 airlines in 36 countries and regions worldwide as of 30 June 2022. BOC Aviation is listed on the Hong Kong Stock Exchange and has its headquarters in Singapore with offices in Dublin, London, New York and Tianjin.
Turkish Airlines, is a company incorporated in Turkey and its shares are listed on the Borsa Istanbul. Its principal business is the operation of scheduled airline services, which is conducted from its primary hub at Istanbul Airport. Turkish Airlines is a member of the Star Alliance and currently operating a fleet of 382 aircraft.
Air Models have a range of aircraft models, including some special 737 MAX models, including this one in the colours of flydubai.
Boeing and 777 Partners today announced a new order and commitment for up to 66 737 MAX jets, including a firm order for 30 crush-capacity 737-MAX 8-200s. Powered by CFM International LEAP-1B engines and incorporating advanced technology winglets, these jets will seat around 200 passengers.
777 Partners has used the 737 MAX to launch a number of low-cost carriers around the world, with more to follow. Currently, its investments include Flair Airlines in Canada and Bonza Airline, an Australian start-up that will launch operations this year.
"This new order marks another milestone in the robust growth of our aviation businesses and concurrently, our partnership with Boeing," said Josh Wander, managing partner of 777 Partners. "We are excited about the possibilities the MAX aircraft provide our growing group of carriers to facilitate and democratize low-cost travel around the globe while respecting our commitment to sustainable flying."
"777 Partners is leveraging the cost efficiencies of the 737-8 and 737-8-200 for its diverse network of airlines, while also providing an excellent passenger experience and meeting sustainability goals," said Stan Deal, president and CEO of Boeing Commercial Airplanes.
Bonza is Australia's new, and only independent low-cost airline takes off in 2022, enabling Australians to explore more of their own backyard, and at low-cost prices. Bonza's initial route map includes 27 routes to 17 destinations. Ninety three per cent of Bonza routes are not currently served by any airline and ninety six percent not currently served by a low-cost carrier.
In May, Norwegian and Boeing announced an agreement in principle for the purchase of 50 Boeing 737 MAX 8 aircraft with options for another 30 aircraft. Today, Norwegian announced that the various closing conditions related to the agreement have been met. Following this, Norwegian estimates that it will record a net gain of approximately NOK 2 billion in the second quarter of 2022. Additionally, Boeing and Norwegian have filed to settle all outstanding legal disputes.
“The agreement to purchase 50 brand-new and fuel-efficient aircraft constitutes a big leap forward in the strategy to solidify our market position in the Nordics,” said Geir Karlsen, CEO of Norwegian.
Norwegian Air Shuttle is going to order 50 Boeing 737 MAX jets the budget airline confirmed this week. It has agreed in principle with planemaker Boeing to buy 50 and have options to buy a further 30 of the jets.
According to the deal, the 50 aircraft are due to be delivered between 2025 and 2028, at a schedule closely corresponding to current aircraft lease expirations. This is to ensure the airline can have limited growth in terms of aircraft numbers.
The purchase agreement still has;t been finalised yet and there could be some changes along the way, before the deal is fully finalised which is not expected much before the end of June. The true financing of the deal has yet to be agreed and the firm is working on sale and leaseback deals as well as loans and other arrangements, which may prove to be difficult under present circumstances.
Svein Harald Øygard, Chair of the Board of Norwegian said: “This is a landmark deal that sets out a path whereby Norwegian will own a large share of its fleet. This will result in lower all-in costs and increased financial robustness, enabling us to further solidify our Nordic stronghold. The deal also allows us to serve our customers with state-of-the-art aircraft that can run increasingly on sustainable aviation fuel,”
Geir Karlsen, CEO of Norwegian, commented: “The overall terms achieved are attractive for Norwegian, and the deal fits well with our long-term fleet strategy and route program. It will enable us to serve our customers with modern fuel-efficient aircraft with the latest technology, significantly reducing our carbon footprint. The deal will also strengthen the company’s equity considerably, further solidifying Norwegian’s financial position,”
Help for Heroes Charity helps to rebuild the lives of those with injuries and illnesses sustained while serving in the British Armed Forces. No matter when someone served, H4H give them the support they need to lead active, independent and fulfilling lives. They provide support to the whole family to help them all cope with the challenges they face. Long-term recovery is more than repairing damaged bodies and minds; it’s about rebuilding lives.
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The first of seven Boeing 737 MAX 8 aircraft has been delivered to Turkish Airlines from the leasing giant BOC Aviation Limited. All seven aircraft are part of the Company’s existing order book and will be powered by CFM LEAP-1B engines.
“We are delighted to build on our 18-year relationship with Turkish Airlines and to support the airline in its fleet development plans with the most fuel-efficient, technologically advanced aircraft,” said Robert Martin, Managing Director and Chief Executive Officer, BOC Aviation. “This transaction illustrates our strategy of long-term, sustainable growth by building a portfolio of latest technology aircraft.”
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Help for Heroes Charity helps to rebuild the lives of those with injuries and illnesses sustained while serving in the British Armed Forces. No matter when someone served, H4H give them the support they need to lead active, independent and fulfilling lives. They provide support to the whole family to help them all cope with the challenges they face. Long-term recovery is more than repairing damaged bodies and minds; it’s about rebuilding lives.
Boeing and International Airlines Group confirmed this week that had struck a deal for up to 150 of the firm's troubled MAX jets. This comprises of an option for 100 jets and a firm order of 50 aircraft, comprising of 737 MAX 8 and MAX 10 models.
Both the aircraft manufacturer and IAG are seeking to mislead passengers, by dropping the MAX mantle from all publicity over the deal, referring to the planes by just the designation of 737-8 and 737-10.
IAG had been talking with a European planemaker about a possible mass order however when Airbus refused to reduce by half the cost of each airline, the airline group, which includes British Airways, Aer Lingus and Iberia headed to the U.S. for a deal.
"The addition of new Boeing 737s is an important part of IAG´s short-haul fleet renewal," said Luis Gallego, IAG´s chief executive, who is banking on these jets to enable the group to be net-zero by 2050. Something which many aviation analysts say is not possible.
IAG is also going to be reducing seat-pitch by cramming in 200 seats to the 737 MAX 8-200 jets which would tie in with rumoured plans to turn all its airlines into a more low-cost model. IAG has said it will seat 230 people in the 737 MAX 10 jets.
"IAG has invested in a sustainable and profitable future, as both variants will significantly lower operating costs and CO2 emissions," said Stan Deal, president and CEO of Boeing Commercial Airplanes. "Today's agreement for up to 150 aeroplanes, including 100 options, is a welcome addition of the 737 to IAG´s short-haul fleets and reflects our commitment to support the Group's continued network recovery and future growth with Boeing's unrivalled family of aeroplanes."
The 737 MAX variety of aircraft has a chequered history since the two fatal crashes cost the lives of nearly 360 passengers and saw a grounding of the type for nearly two years while Boeing tried to correct the design flaws and manufacturing issues that lead to the two disasters. According to manufacturing reports, some of the MAX jets currently being produced are showing an increased number of flaws or issues as Boeing ramps up production.
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Apply the code at the checkout for UK standard delivery. Not applicable to international or next day delivery.
Help for Heroes Charity helps to rebuild the lives of those with injuries and illnesses sustained while serving in the British Armed Forces. No matter when someone served, H4H give them the support they need to lead active, independent and fulfilling lives. They provide support to the whole family to help them all cope with the challenges they face. Long-term recovery is more than repairing damaged bodies and minds; it’s about rebuilding lives.
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Lynx Air, one of Canada's leading ultra-affordable airlines has commenced flights from Victoria International Airport to Calgary International Airport with a twice-weekly service. The airline says it will expand the service to three times a week in the run-up to summer.
Lynx's network spans 10 destinations coast to coast across Canada, including Victoria, Vancouver, Kelowna, Calgary, Edmonton, Winnipeg, Toronto Pearson, Hamilton, Halifax, and St. John's. The airline operates a fleet of brand-new, fuel-efficient Boeing 737 aircraft and plans to grow its fleet to more than 46 aircraft over the next five to seven years.
Merren McArthur, CEO of Lynx Air said: "We are excited to be bringing our ultra-affordable fares to the community of Victoria and Vancouver Island. Whether you are travelling to connect with friends and family, to explore the beautiful coastline of Vancouver Island or to take in the vibrant culture and historic architecture of the Garden City, Lynx will ensure a great flying experience at an ultra-affordable price."
Geoff Dickson, President and CEO, of Victoria Airport Authority, said: "As the economy begins to reopen, we are pleased to see Lynx introduce service between Calgary and Victoria. An ultra-low-cost airline like Lynx will offer affordable travel options for our community and provide opportunities for travellers to explore the beauty and culture of Victoria."
Lynx Air recently announced it will launch its inaugural flight to St. John’s from Toronto on 28th June and will initially operate the route twice a week, with the promise to upgrade it to a daily service by the 14th of July. The carrier also confirmed it will start five through-flights a week from Edmonton to St. John’s. On July 16, Lynx will start operating two through-flights a week from Calgary to St. John’s. At that point, Lynx will be flying a total of 14 flights a week in and out of St. John’s. The Edmonton and Calgary “through-flights” will operate via Toronto, providing a seamless service with a single boarding pass and the ability to check bags through to the final destination.
Virgin Australia Group has confirmed today that it is going to add four new Boeing 737 MAX 8 aircraft to its fleet as part of its renewal programme that will also see it phase out Fokker F100 aircraft. The airline says these new 737 MAX 8 aircraft will start to enter service in February next year.
Since its re-launch, in November 2020 the Virgin Australia Group issued plans to grow its 737 fleet by over 50%, from 58 to 88 planes. Currently, the airline flies operates a fleet of 10 Fokker F100 aircraft across its operations in Western Australia, these ageing aircraft will be gradually transitioned out and replaced by 737-700s from the first quarter of 2023.
Virgin Australia CEO Jayne Hrdlicka said the fleet renewal programme is part of a broader growth strategy, "We are on track to return to 100% of pre-COVID domestic capacity by June this year and expect to well exceed those levels by year’s end, and our resources sector and contract flying in WA is in high demand. This investment in our fleet reflects the increased demand we are experiencing in all parts of Virgin Australia."
A future phase of the carrier's development will see it acquire an additional 25 Boeing 737 MAX 10 aircraft which will transport more passengers for a similar amount of fuel to the current 737 NG aircraft.
Hrdlicka said: "We have a younger average fleet age than other airlines operating in the Australian market and we are in a good position to phase out our older F100 aircraft for more fuel-efficient options. Equipping our WA operation with more modern and efficient 737 aircraft positions us to grow and to better compete in the resources sector and contract flying market across Australia. It also enables Virgin Australia to improve fleet utilisation across the Group.
Existing F100 flight and cabin crew, VARA engineering and support staff and corporate and operations functions will be progressively trained to operate and maintain a 737 NG fleet, both as F100 aircraft are retired and as the airline continues to grow its WA resources sector and contract flying business."
In addition to its 737 fleet, Virgin Australia Group will also continue to operate Airbus A320 aircraft as part of its resources sector and contract flying operations.
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The leasing giant, Aviation Capital Group has confirmed the delivery of one new Boeing 737-8 MAX aircraft on long-term lease to Icelandair. This Boeing 737 MAX aircraft, powered by CFM International’s LEAP-1B engines, is part of a multi-aircraft transaction between ACG and Icelandair.
“With this delivery, we are delighted to complete the purchase and leaseback of two Boeing 737-8 MAX aircraft and the long-term financing through ACG’s Aircraft Financing Solutions program of one Boeing 737-9 MAX aircraft with Icelandair,” said Robert Lewandowski, Managing Director of ACG. “We look forward to continuing our close and long-standing relationship with the Icelandair Group and working with them on their future financing needs,” added Roger Carley, Vice President of Marketing for ACG.
“Icelandair is delighted to team up with ACG, a long-lasting business partner, on this transaction. The renewal of our fleet with new eco-efficient aeroplanes like the Boeing 737 MAX is an important step towards reaching our ambitious goals of reducing the company’s carbon emissions by 50% by 2030,” said Bogi Nils Bogason, CEO of Icelandair.
Aviation Capital Group was founded in 1989 and is one of the world’s premier full-service aircraft asset managers with over 440 owned, managed and committed aircraft as of December 31, 2021, which are leased to approximately 90 airlines in approximately 45 countries. ACG is a wholly-owned subsidiary of Tokyo Century Corporation.
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