AerCap Holdings delivers Airbus A321 Passenger-to-Freighter converted jet to IndiGo.

AerCap Holdings has delivered its first Airbus A321 Passenger-to-Freighter aircraft to IndiGo, the leasing giant confirmed this week.  The aircraft conversion was completed by Elbe Flugzeugwerke GmbH ("EFW") before being delivered to IndiGo at ST Engineering Aerospace in Singapore.

"We are delighted to celebrate the delivery of AerCap's first A321 Passenger-to-Freighter aircraft with our longstanding customer, IndiGo. The A321P2F is a best-in-class narrowbody freighter solution, offering superior economics in terms of fuel efficiency and flexibility to meet the growing demand of cargo operators," said Rich Greener, the Head of AerCap Cargo. "We wish IndiGo every success as they expand their fleet to meet their customers' freighter needs, and we thank the EFW and ST Engineering Aerospace teams for their support with this conversion program."

"We are pleased that our customer, AerCap, the world's largest aviation lessor, has taken delivery of their very first Airbus freighter for its customer IndiGo," said Jordi Boto, CEO of EFW. "We look forward to supporting AerCap's commitment to expanding its A321P2F fleet over the next two years with numerous deliveries of our freighter conversions."

In 2022, AerCap announced it had placed a firm order for 15 Airbus A321-200 P2F aircraft conversions and an option for a further 15 A321P2F conversions with EFW.

AerCap releases latest results....

AerCap Holdings, the global aviation leasing giant has just released its financial results for the third quarter of 2023 ended September 30, 2023.

The highlights for the quarter include a new $500 million share repurchase program authorized and repurchased approximately 36 million shares in the year to date.   GE's ownership decreased from 33.6% to 14.5% following a successful secondary offering in the third quarter of 2023, down from 45% at the beginning of the year.  Cash flow from operating activities was $1.3 billion for the third quarter of 2023.

As of September 30, 2023, AerCap's portfolio consisted of 3,451 aircraft, engines and helicopters that were owned, on order or managed. The average age of the company's owned aircraft fleet as of September 30, 2023, was 7.3 years (4.4 years for new technology aircraft, 14.0 years for current technology aircraft) and the average remaining contracted lease term was 7.3 years.

Aengus Kelly, Chief Executive Officer of AerCap said:  "This was another great quarter for AerCap. We generated an adjusted net income of $639 million and adjusted earnings per share of $2.81. As a result of this strong performance and our outlook for the rest of the year, we are once again raising our guidance for the year. Our underlying business continues to perform well and demand for our assets remains robust, evidenced by the significant number of transactions completed during the quarter. We are pleased to announce a new $500 million share repurchase program, taking total authorizations to $2.65 billion so far this year and underlying our confidence in the value on offer today," 

Big aircraft order for Turkish Airlines

AerCap to lease 3 new Boeing 787-9 Dreamliners
25 New 737 MAX-8 jets 

AerCap has announced that it has reached an agreement with Turkish Airlines for the lease of three new Boeing 787-9 aircraft and 25 new MAX-8 aircraft, and lease extensions for six used Airbus A330-200 aircraft. The new aircraft are scheduled to begin delivery in 2024 through 2026.

"AerCap is very pleased to announce this significant transaction with our long-term partner, Turkish Airlines," said Aengus Kelly, the Chief Executive Officer of AerCap. "These aircraft will help Turkish Airlines continue to grow their already extensive route network, while improving the operational efficiency of their fleet. I would like to thank Dr. Ahmet Bolat and Mr. Levent Konukcu and the Turkish Airlines management team for the confidence they have placed in AerCap.  We look forward to continuing to build on our strong partnership as these aircraft deliver."

"We have a unique route network boasting the world's widest network in terms of the number of countries reached. We fly to more international destinations than any other airline, and in order to strengthen this position, we are always focused on extending our fleet. At this point, we would like to thank our business partner, AerCap, and we are happy to reinforce our fruitful collaboration with them through these leasing projects," said Levent Konukcu, Turkish Airlines Chief Investment & Technology Officer.

AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and is based in Dublin with offices in Shannon, Miami, Singapore, Memphis, Amsterdam, Shanghai, Dubai, Seattle, Toulouse and other locations around the world.

LATAM Airlines takes delivery of its first A321neo, adds 13 more to orderbook

LATAM Airlines has taken delivery of its first A321neo leased from AerCap and placed an order for 13 additional A321neo aircraft to further expand its route network and drive its regional growth. This is the first delivery of a committed backlog of 76 A321neo aircraft. In total, LATAM has 111 A320 Family aircraft to be delivered.

The newly delivered A321neo for LATAM can seat up to 224 passengers and feature Airbus’ Airspace XL bins in the cabin. The larger bins provide a 40% increase in storage space and facilitates 60% more carry-on bags, allowing a more relaxed boarding experience for passengers and cabin crews. The newly delivered A321neo flew to its destination with 49% Sustainable Aviation Fuel (SAF).

“Our fleet renewal and modernization strategy is fully aligned with our sustainability commitment and brings us closer to the goal of becoming a carbon-neutral group by 2050,” said Ramiro Alfonsín, Chief Financial Officer of LATAM Airlines Group. “We will continue to work on enhancing the current fleet with next-generation aircraft to further improve our connectivity while caring for the environment.”

“We thank LATAM for their continued confidence in our aircraft, reselecting the A321neo for its continued network growth. This strategic move also accelerates LATAM decarbonisation trajectory as the A321neos are at least 20% more fuel-efficient, emitting 20% less CO2  and 50% less noise compared to previous generation aircraft,” said Christian Scherer, Chief Commercial Officer and Head of Airbus International.

The A321neo is the largest member of Airbus’ best-selling single-aisle A320 Family. The A321neo allows operators to cover the entire market, while offering the lowest seat-mile cost of any single-aisle available. To date, more than 5,200 A321neos have been ordered by customers worldwide.

LATAM Airlines Group and its affiliates are the main group of airlines in Latin America, with presence in five domestic markets in the region: Brazil, Chile, Colombia, Ecuador and Peru, in addition to international operations throughout Europe, Oceania, the United States and the Caribbean. Today, LATAM operates 240 Airbus aircraft and is the largest Airbus operator in Latin America. In July this year, LATAM took delivery of a new Airbus A320neo, the first delivery using 30% SAF.

Airbus has sold over 1,150 aircraft in Latin America and the Caribbean. More than 750 are in operation throughout the region, with more than 520 in the order backlog, representing a market share of 58% of in-service passenger aircraft. Since 1994, Airbus has secured 75% of net orders in the region.

In 2016, Airbus became the first aircraft manufacturer to offer customers SAF at delivery flights. Today, aircraft and helicopters leave Airbus delivery centres with SAF onboard. SAF has been identified as one of the key elements in helping achieve emissions reduction goals.

AerCap agree lease deal with Airlink for three Embraer E195-E1 Aircraft with

AerCap Holdings has confirmed today the lease placements with Southern African regional carrier, Airlink,  for three used Embraer E195 aircraft. The first aircraft was delivered in March, while the second and third aircraft are scheduled for delivery in July 2023.  

"We are very pleased to welcome Airlink as a new customer to AerCap with the lease of three E195 aircraft," said Peter Anderson, the Chief Commercial Officer of AerCap. "We wish all the team at Airlink every success and look forward to working with them for many years to come."

"Airlink is on a steady growth path, expanding its network, schedule and market share.  With AerCap's support on these leases, we will be able to maintain this upward trajectory. The efficiencies derived from continuity across our fleet will help us contain costs and continue providing great value and affordable air travel to our customers." said Airlink CEO and Managing Director, Rodger Foster.

EL AL to lease two Boeing 787-9 Dreamliners from AerCap Holdings

Leasing giant AerCap Holdings confirmed at the Paris Air Show this week that it has signed lease agreements with EL AL for two new Boeing 787-9 Dreamliners. The aircraft are scheduled to be delivered in Q4 2025 and Q1 2026.

EL AL Israel Airlines was founded in November 1948 as Israel's national carrier and operated its first scheduled flight in 1949. In June 1950, EL AL began service between Tel Aviv and New York. Today EL AL, serves more than 60 international destinations in more than 35 countries.

AerCap is the world's largest 787 owner, with 126 aircraft owned, managed and on order.

Speaking during the announcement ceremony, AerCap's Chief Executive Officer Aengus Kelly said, "AerCap is delighted to partner with EL AL on this deal following the long history of successful cooperation between our two companies. We are very pleased to support EL AL's ongoing fleet modernization program with the lease of these two new 787s and help them meet their sustainability commitments. We wish Dina Ben Tal Ganancia and all the team at EL AL continued success."

Dina Ben Tal Ganancia, EL AL's Chief Executive Officer said, "As part of EL AL's strategic implementation plan, we signed an important agreement today for the lease of two new 787-9 Dreamliners, that will join EL AL's wide-body fleet in 2025 and 2026. These advanced aircrafts will be the 18th and 19th aircraft in our fleet. In order to meet our business goals, set in the strategic plan, we are required to adjust our acquisition plan, and I am pleased to sign this agreement today, which is another step towards realizing the goals for our fleet. These aircraft enable us to expand our route network and add more attractive destinations for our customers. I would like to thank our partners at AERCAP and Boeing for their support and partnership along the way.''

ASKY Airlines to lease 2 used Boeing 737 MAX jets from AerCap

ASKY Airlines signs lease deal for two Boeing 737 Max jets with AerCap

 

 

AerCap Holdings confirmed today that it has signed lease agreements for two used Boeing 737- MAX 8 jets with the Pan-African Airline, headquartered in Togo, ASKY.  AerCap advises that the aircraft are scheduled to be delivered in June and August of this year June through August 2023.

Esayas W. HAILU, the CEO of ASKY said:  "I consider it an honour to introduce state-of-the-art B737-8 MAX aircraft into the ASKY fleet, which will support our wide regional network in our continuous endeavour to serve our esteemed customers," 

Hailu believes the Boeing 737- MAX 8 jets will further enhance ASKY's brand image in the eyes of the African travelling public. 

ASKY, benefits from having Ethiopian Airlines as its strategic partner which has helped build the airline to operate a fleet comprising of twelve aircraft including, eight Boeing 737-800s and four Boeing 737-700s. The carrier services twenty-six cities in twenty-four countries within Africa. 

In attendance at the announcement ceremony was the CEO of ASKY, Esayas W. HAILU, the CEO of AerCap, Aengus Kelly, the Board Chairman of Ethiopian Airlines Group and Aviation Advisor to Togo, Mr Girma Wake, Board members of ASKY, and other distinguished guests.

"We are delighted to welcome ASKY as a new customer to AerCap and particularly pleased to place the first MAX in Togo," said Aengus Kelly, the CEO of AerCap. "AerCap is the largest lessor in Africa with 14 airline customers on the continent, and we are pleased to continue to support the growth and development of African aviation. We wish the ASKY team every success and look forward to working with them as these aircraft deliver."

Air India has leased four new Airbus A321neo aircraft from AerCap

Global leasing giant AerCap Holdings confirmed today that it has completed a mandate for the lease of four new Airbus A321neo aircraft with Air India, the flag carrier of India, following the delivery of the fourth aircraft.

The aircraft, powered by CFM LEAP-1A engines, are the first A321neo aircraft to be inducted into the Air India fleet. 

"It is a very exciting time for Air India as it returns to Tata Group ownership and transitions its fleet to meet the rapidly growing Indian aviation market.  AerCap is delighted to play a role in Air India's fleet transformation by providing its first tranche of NEO aircraft on operating lease," said Peter Anderson, the Chief Commercial Officer of AerCap. "We wish Air India and the Tata Group every success as they restore Air India to one of the world's leading airlines."

Nipun Aggarwal, Chief Commercial & Transformation Officer, Air India, said: "These four new, leased Airbus A321neo aircraft join our fast-growing fleet as part of the sweeping transformation in progress at Air India. We look forward to continuing our very successful partnership with AerCap as we go along in our continuing effort to build Air India as one of the world's finest airlines."

Founded by the legendary JRD Tata, Air India pioneered India's aviation sector. Since its first flight on October 15, 1932, Air India has an extensive domestic network and has spread its wings beyond to become a major international airline with a network across USA, Canada, UK, Europe, Far-East, South-East Asia, Australia, and the Gulf. Air India is a member of Star Alliance, the largest global airline consortium. After 69 years as a government-owned enterprise, Air India and Air India Express were welcomed back into the Tata group in January 2022. The present management at Air India is driving the five-year transformation roadmap under the aegis of Vihaan.AI to establish itself as a world-class global airline with an Indian heart.

AerCap Holdings N.V. has just published its sixth annual Environmental, Social, and Governance or ESG report,

One of the leaders in global aircraft leasing and supply, AerCap Holdings N.V. has just published its sixth annual Environmental, Social, and Governance or ESG report, for last year. 

The report shows off in some detail the company's commitment to growing its business in a responsible and sustainable way and includes a number of environmental, social, and governance disclosures. 

Key highlights of the report include:

Successfully concluded the first full year of our Board-level ESG Committee.

Owned aircraft fleet comprises ~66% fuel-efficient, new technology aircraft by net book value, furthering our progress towards achieving ~75% new technology in 2024.

Established a Government Affairs function focused on legislative developments and strategic matters related to aircraft leasing, aviation sustainability and ESG.

Signatory of Aircraft Leasing Ireland's inaugural Sustainability Charter in October 2022.

Launched a Diversity, Equity, Inclusion and Belonging ("DEIB") framework underscoring our commitment to promoting gender diversity in the aviation industry; 44% of our employees and 25% of our senior management are women.

Together with our employees, AerCap donated over $800,000 to charitable and social causes and partnerships in 2022.

"A" rating reaffirmed by MSCI ESG Ratings in December 2022.

Stacey Cartwright, Chair of the Board's ESG Committee, said, "We are pleased to launch AerCap's ESG Report for the year 2022. As the leading aviation lessor, AerCap's goal is to promote the growth of aviation globally in a sustainable manner, to ensure best-in-class governance and to attract and develop the best talent in the industry. We view sustainability as an integral part of the company's strategy which is why we established a Board-level ESG Committee in 2021. We are really pleased with the progress we have made in what was the first year of this Committee as we lead our industry towards a more sustainable future."

"2022 was a monumental year for AerCap as we successfully integrated GECAS to create an unrivalled leader in aviation with significant global reach and scale. We are at the forefront of aircraft leasing and this position underlines the leadership role we have to play in shaping the sustainability journey of our industry," said Aengus Kelly, Chief Executive Officer of AerCap. "In 2022, our team completed a record number of transactions and took delivery of 72 fuel-efficient, new technology aircraft. To date, we have now invested ~$45 billion in new technology aircraft, more than any other airline or lessor, underlining our commitment to leading-edge investment."

the full report can be found here. 

For travel insurance....

PT Rusky Aero Indonesia to lease two Boeing 737-800BCF - converted freighters

One of the leading aircraft leasing companies, AerCap Holdings has confirmed it has signed a long-term lease deal with newly launched cargo airline, PT Rusky Aero Indonesia for two Boeing 737-800BCF cargo planes. 

The first passenger-to-freighter conversion will be completed by Boeing Shanghai Aviation Services Co. Ltd. (BSAS), and the second by Taikoo (Shandong) Aircraft Engineering Co. Ltd. (STAECO). The carrier will operate under the name of Raindo United Services - Raindo.

Attending the announcement ceremony were the Indonesian Ambassador to Singapore, His Excellency Suryo Pratomo, Founder of Raindo, Benny Rustanto and Co-Founders of Raindo, Muhammad Surya, Bambang Sujatmiko, Captain Yudhi Fadjari, Dodi Abdul Kadir, Hans Nugroho, Febiantori and AerCap's Head of Leasing Asia Pacific, Emmanuel Herinckx. 

"We are very pleased to welcome Raindo as a new customer to AerCap and to lease them their very first aircraft," said Richard Greener, the Head of AerCap Cargo.  "We wish the team every success as they launch their air cargo operations and look forward to working with them as these aircraft deliver."

Benny Rustanto, Founder of Raindo United Services, said, "On behalf of the entire organization, I would like to express our gratitude to AerCap for their continuous support and commitment to our partnership. We believe this strategic step will allow us to benefit the community, especially the MSME (Micro, Small, Medium Enterprises) industry in Indonesia, through the seamless and sustainable connectivity logistic delivery experience of Raindo United Services."

In January 2023, AerCap Cargo marked the delivery of its 50th 737-800BCF. The aircraft was redelivered to GOL Linhas Aéreas. AerCap's 737-800BCF customers include West Atlantic Group, Amazon Air, GOL, JD.com, Kargo Xpress, ASL, Tianjin Cargo and Longhao Airlines.

Net income for the fourth quarter of 2022 was $495 million reports AerCap

AerCap Holdings releases its latest detailed results for the fourth quarter of 2022 ended December 31, 2022.

Highlights

Net income for the fourth quarter of 2022 was $495 million, or $2.04 per share.

Adjusted net income for the fourth quarter of 2022 was $645 million, or $2.66 per share.

Adjusted debt/equity ratio of 2.5 to 1 as of December 31, 2022.

Record 299 transactions executed in the fourth quarter 2022, including 159 lease agreements, 43 purchases and 97 sales.

$1 billion of sales in the fourth quarter of 2022, at a margin of 14%.

93% of new aircraft order book placed through 2024.

AerCap ratings upgraded to Baa2 by Moody's.

Aengus Kelly, Chief Executive Officer of AerCap, said: "We are pleased to report a record quarter of results for AerCap. Air travel demand continues to improve as more countries reopen their borders. The strong performance across all of our business lines reflects how well our teams are working together to deliver an extraordinary number of transactions, and clearly demonstrates the success of the GECAS acquisition, the successful integration of the two companies and the recovery in aviation. Broad-based demand, in tandem with a curtailed supply environment, is helping to drive lease rates higher across aircraft, engines and helicopters."

AerCap operartes A321 to Turkey with humanitarian aid onboard.

Aircraft leasing firm AerCap has transported approximately 13 tonnes of humanitarian aid to Turkey, following the devastating earthquake, the firm confirmed on Tuesday. 

The freight, which was flown from Rotterdam to Antalya in Türkiye on board an Airbus A321 aircraft, includes clothing, baby food and power generators, and will be distributed by several humanitarian aid organizations who are on the ground providing assistance in the region.

Aengus Kelly, the CEO of AerCap said: "AerCap is proud to play its part in transporting emergency humanitarian aid to support the global response effort following the earthquake. Our thoughts and prayers are with the people of Türkiye and Syria at this very difficult time and all those impacted by this tragedy," 

Aircraft leasing firm AerCap has transported approximately 13 tonnes of humanitarian aid to Turkey on Monday 13 Feb

Aircraft leasing firm AerCap has transported approximately 13 tonnes of humanitarian aid to Turkey, following the devastating earthquake, the firm confirmed on Tuesday. 

The freight, which was flown from Rotterdam to Antalya in Türkiye on board an Airbus A321 aircraft, includes clothing, baby food and power generators, and will be distributed by several humanitarian aid organizations who are on the ground providing assistance in the region.

Aengus Kelly, the CEO of AerCap said: "AerCap is proud to play its part in transporting emergency humanitarian aid to support the global response effort following the earthquake. Our thoughts and prayers are with the people of Türkiye and Syria at this very difficult time and all those impacted by this tragedy," 

AerCap transports 13 tonnes of humanitarian aid to Turkey

Aircraft leasing firm AerCap has transported approximately 13 tonnes of humanitarian aid to Turkey, following the devastating earthquake, the firm confirmed on Tuesday. 

The freight, which was flown from Rotterdam to Antalya in Türkiye on board an Airbus A321 aircraft, includes clothing, baby food and power generators, and will be distributed by several humanitarian aid organizations who are on the ground providing assistance in the region.

Aengus Kelly, the CEO of AerCap said: "AerCap is proud to play its part in transporting emergency humanitarian aid to support the global response effort following the earthquake. Our thoughts and prayers are with the people of Türkiye and Syria at this very difficult time and all those impacted by this tragedy," 

Fly Meta to lease four Boeing 777-300ERSF aircraft

Fly Meta, the Hong Kong-based global air cargo charter company is to lease four Boeing 777-300ERSF aircraft from AerCap Holdings,  scheduled to deliver in 2024 through 2025.

The Boeing 777-300ERSF, also known as 'The Big Twin', is the first passenger-to-freighter aircraft conversion program of the Boeing 777-300ER and will be the largest twin-engine freighter when it enters service this year.

"AerCap is delighted to welcome Fly Meta as a new customer to the 777-300ERSF 'The Big Twin' freighter conversion program," said Rich Greener, the Head of AerCap Cargo.  "With 25% more capacity than today's smaller twin-engine long-haul freighters, the Big Twin offers significant cost efficiencies, superior range, and outstanding operational commonality, and is therefore the ideal aircraft to support Fly Meta's growing widebody freighter fleet."

"We are thrilled to sign these lease agreements with AerCap for four Boeing 777-300ERSF freighter aircraft. We are confident that the situation will change for the better as China lifts its Covid restrictions, and that the cargo market will grow steadily over the coming years. We believe that the volume capabilities and greater cost efficiencies of the 777-300ERSF will give us a competitive advantage in the market." said Helen Chen, the CEO of Fly Meta.

AerCap Cargo and Israel Aerospace Industries Group (IAI) launched the 777-300ERSF conversion program in 2019, known as 'The Big Twin'. Today, AerCap Cargo has a firm order book of 20 Boeing 777-300ERSF aircraft and a further ten options. The first aircraft is expected to deliver in the first half of 2023 to US cargo airline, Kalitta Air.

AerCap celebrates the delivery of its 50th 737-800 Boeing Converted Freighter

AerCap, the aircraft leasing giant has announced it has taken delivery of its 50th 737-800 Boeing Converted Freighter (BCF). The aircraft conversion was completed at COOPESA, a leading MRO provider with expertise in aircraft modifications and conversions. The aircraft was redelivered to GOL Linhas Aéreas, who will operate the aircraft on behalf of a Latin-American e-commerce company, as part of the growth strategy and logistics solution of GOLLOG, Gol's logistics business unit.

In 2016, AerCap Cargo was the launch customer of the Boeing 737-800BCF and took delivery of its first aircraft in April 2018.

"We are delighted to celebrate this milestone delivery with our partners at Boeing and our longstanding customer, GOL. Since the program launched in 2016, we have seen unprecedented demand for express air cargo from e-commerce retail businesses," said Rich Greener, the Head of AerCap Cargo. "Today, the 737-800BCF is one of the most in-demand narrowbody freighter aircraft in the industry, thanks to its versatility and reliability, making it the perfect choice for express air cargo and e-commerce networks."

2022 results for AerCap

AerCap Holdings has announced its major business transactions during the full year and fourth quarter 2022:

Full Year 2022 Transactions

Signed 570 lease agreements.

Completed 118 purchases.

Completed 207 sale transactions.

Signed financing transactions for approximately $4.2 billion.

Fourth Quarter 2022 Transactions

Signed 159 lease agreements, including 4 widebody aircraft and 76 narrowbody aircraft, 37 engines and 42 helicopters.

Completed 43 purchases for 30 aircraft (including 22 Airbus A320neo Family aircraft, 1 Airbus A220, 1 Airbus A330neo, 1 Boeing 737 MAX, 1 Boeing 787-9 and 3 Embraer 195 E2s for AerCap's owned aircraft portfolio and 1 aircraft for AerCap's managed aircraft portfolio), 9 engines and 4 helicopters.

Completed 97 sale transactions for 64 aircraft (including 9 Airbus A320 Family aircraft, 3 Airbus A320neo Family aircraft, 8 Airbus A330s, 33 Boeing 737NGs, 1 Boeing 767-300ER, 2 Boeing 777-200ERs, 1 Boeing 737-300SF, 2 Boeing 747-400Fs and 4 Embraer E170s from AerCap's owned aircraft portfolio and 1 aircraft from AerCap's managed aircraft portfolio), 20 engines and 13 helicopters.

Signed financing transactions for approximately $750 million.

Late in December, AerCap announced the delivery of the first of six new Airbus A330-900neo aircraft to German leisure carrier, Condor. The remaining aircraft are scheduled to deliver in the summer 2023 through 2024.

“We are delighted to announce the delivery of the first of six new Airbus A330-900neo aircraft to Condor, and to see the aircraft painted in their distinctive new striped livery design,” said Peter Anderson, the Chief Commercial Officer of AerCap. “The A330neo aircraft is the perfect choice for Condor and will enable them to expand their network using the most modern, fuel-efficient technology while supporting their sustainability commitments. We wish the team every success and we look forward to continuing to build our partnership in the years to come.”

"With AerCap as our very experienced and supportive partner, we are looking forward to welcoming the next A330-900neo within the upcoming months" said Björn Walther, the Chief Financial Officer of Condor. "Thanks to the great cooperation we are able to take an important step towards a successful future."

AerCap to lease deal with TUI for 3 Embraer E195-E2 aircraft

 

                        AerCap Holdings, one of the globes leading aircraft leasing specialists has confirmed a new deal signed with the TUI Group on three Embraer E195-E2 aircraft which are scheduled to begin delivery from March through to May 2023. The aircraft, powered by Pratt & Whitney GTF™ engines, will be the first E195-E2 to enter TUI's fleet and will be taken on a long-term lease arrangement. 

AerCap was the launch lessor customer of Embraer's E-Jets E2 program in 2019 and has a total of 45 Embraer E190-E2s and E195-E2s owned and on order.

"We are very pleased to announce the lease placement of three E195-E2s with TUI. AerCap has a long history of working with TUI and we are excited to be a part of their fleet renewal plan," said Peter Anderson, Chief Commercial Officer of AerCap. "The E195-E2s are the perfect aircraft to support TUI's operations with greater versatility and improved efficiencies, enabling them to meet their sustainability commitments. We wish TUI every success with the E2-Jets, and we look forward to working with them as these aircraft deliver."  

"We are thrilled to add the E195-E2 to our Belgium fleet. Operating on short and medium-haul routes, the new aeroplane is the most efficient aircraft in the market. It uses less fuel, has a longer range, while at the same time is 50% quieter and emits up to a third less carbon dioxide. The aeroplanes will operate mostly out of Antwerp, from where they will fly to more distant airports, which will allow us to expand into new holiday destinations from Northern Belgium." said Marco Ciomperlik, Chief Airline Officer, TUI Group.

Various aircraft models from many airlines are available to buy here.

AerCap has placed firm orders for 15 Airbus A321-200 Passenger to Freighter (P2F) aircraft conversions and an option for a further 15 A321P2F conversions with Elbe Flugzeugwerke GmbH ‘EFW’

Photo AerCap

AerCap Holding announced today it has placed firm orders for 15 Airbus A321-200 Passenger to Freighter (P2F) aircraft conversions and an option for a further 15 A321P2F conversions with Elbe Flugzeugwerke GmbH 'EFW'. The aircraft are from AerCap's A321 passenger portfolio and are expected to begin delivery in 2023 through 2025.

"Extending the life of our A321 fleet will complement the Cargo portfolio and meet the strong demand from our diverse customer base, from which we've seen a significant appetite for this freighter," said Rich Greener, Head of AerCap Cargo. "The A321 freighter is the best-in-class and most fuel-efficient aircraft to replace the B757-200 freighter. This transaction is in line with our cargo portfolio strategy of diversifying our fleet with improved economics and returns. We look forward to working with the EFW team on this program and thank them for the trust they have placed in AerCap."

"We are glad to finalize the agreement with AerCap on the A321P2F conversions," says Jordi Boto, CEO of EFW. "Our young A320P2F family program has gone from strength to strength and gained traction very quickly in the market with a dozen aircraft already in operation."

Elbe Flugzeugwerke GmbH (EFW), a subsidiary of ST Engineering and Airbus, combines various aviation activities under one roof including the development and manufacturing of fibre-reinforced composite components for aircraft structures and interiors of the entire Airbus family, the conversion of passenger aircraft into freighter configuration, maintenance and repair of Airbus aircraft as well as engineering services in the context of certification and approval. With almost 30 years of experience, and more than 40 conversion customers worldwide, thereof the largest Express carriers in North America and Europe but also renowned General Freight and Combination Carriers, EFW is the Centre of Excellence for freighter conversions driving the development of the Airbus freighter family.

AerCap Announces Agreement with EFW for up to 30 Airbus A321 Passenger-to-Freighter Conversions

Photo AerCap

AerCap Holding announced today it has placed firm orders for 15 Airbus A321-200 Passenger to Freighter (P2F) aircraft conversions and an option for a further 15 A321P2F conversions with Elbe Flugzeugwerke GmbH 'EFW'. The aircraft are from AerCap's A321 passenger portfolio and are expected to begin delivery in 2023 through 2025.

"Extending the life of our A321 fleet will complement the Cargo portfolio and meet the strong demand from our diverse customer base, from which we've seen a significant appetite for this freighter," said Rich Greener, Head of AerCap Cargo. "The A321 freighter is the best-in-class and most fuel-efficient aircraft to replace the B757-200 freighter. This transaction is in line with our cargo portfolio strategy of diversifying our fleet with improved economics and returns. We look forward to working with the EFW team on this program and thank them for the trust they have placed in AerCap."

"We are glad to finalize the agreement with AerCap on the A321P2F conversions," says Jordi Boto, CEO of EFW. "Our young A320P2F family program has gone from strength to strength and gained traction very quickly in the market with a dozen aircraft already in operation."

Elbe Flugzeugwerke GmbH (EFW), a subsidiary of ST Engineering and Airbus, combines various aviation activities under one roof including the development and manufacturing of fibre-reinforced composite components for aircraft structures and interiors of the entire Airbus family, the conversion of passenger aircraft into freighter configuration, maintenance and repair of Airbus aircraft as well as engineering services in the context of certification and approval. With almost 30 years of experience, and more than 40 conversion customers worldwide, thereof the largest Express carriers in North America and Europe but also renowned General Freight and Combination Carriers, EFW is the Centre of Excellence for freighter conversions driving the development of the Airbus freighter family.