Monday, 29 February 2016

Irish Aircraft Leasing Newsletter 29 February 2016


This week's Irish Aircraft Leasing Newsletter

Avolon delivers one Airbus A320-200 to PT Batik

Avolon announced the delivery of one Airbus A320-200 aircraft to PT Batik. This is Avolon’s second aircraft on lease to PT Batik.

Low oil is good for aircraft leasing group AerCap’s gas guzzlers

Airlines are extending leases on gas-guzzling, four-engine jets on a bet that fuel prices will stay low for as long as the next three years, the world’s biggest aircraft leasing group said. It is getting “a boost we did not think we would get”, said Aengus Kelly, the executive director and chief executive of AerCap Holdings, in an interview on Bloomberg Television. “The gas-guzzler type airplanes, 747s, we had assumed all of these airplanes would be scrapped. Airlines are saying we think fuel is going to stay low for 18, 24 maybe 36 months.”

Intrepid Announces the Placement of Seven (7) A330-300 Aircraft with Turkish Airlines

Intrepid Aviation announced that it has entered into an agreement for the long-term lease of seven (7) Rolls-Royce powered A330-300 aircraft with Turkish Airlines. “This agreement is the culmination of a highly collaborative effort that will see the aircraft delivery stream commencing in 2016 following the installation of a new, dual-class cabin interior, further accelerating Turkish Airlines’ strong growth trajectory,” said Doug Winter, Intrepid’s President & Chief Commercial Officer.

Irish Aviation Research Institute © 29 February 2016 All Rights Reserved

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