Reading Time: < 1 minute The European Union has officially given its approval for AerCap’s merger with GECAS. The transaction marks part of an ongoing consolidation in the leasing market in the wake of Covid-19.  “The transaction is therefore unlikely to give rise to serious competition concerns in the markets for aircraft and aircraft engine leasing,” European Commission said. The […]

Reading Time: < 1 minute GE Capital Aviation Services (GECAS), aircraft lessor, has announced that it reach an agreement with Boeing on cancellation of 69 undelivered 737 MAX planes. Although GECAS has taken a decision to cancel a dozen of 737 MAX aircraft, the company is still committed to the type as it maintains 29 MAX aircraft in its fleet […]

Reading Time: < 1 minute GECAS announced the signing of a lease contract for seven A320neos to enter service with Vistara, the India based full-service carrier and joint venture of Tata Sons and Singapore Airlines, following deliveries from Airbus in the latter part of 2019 and continuing into 2020.   Commencing operations in January 2015 as one of India’s premier […]

Reading Time: < 1 minute Russia’s S7 Airlines expects to take delivery of its first Airbus A320neo in the coming weeks, making S7 the first A320neo family operator in Russia, CEO Anton Eremin told ATW recently on the sidelines of the IATA AGM in Cancun. Eremin said S7 plans to operate only narrowbody and regional aircraft in the future and […]

Reading Time: < 1 minute GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric [NYSE: GE] has signed a firm order for 100 A320neo Family aircraft at the 52nd International Paris Air Show. GECAS has selected CFM’s LEAP-1A engine for all 100 A320neo Family aircraft. This new order brings the total number of Airbus […]