American Airlines sister company AMR Leasing signed a contract to sell and lease back the 39 ATR 72s flown by American Eagle unit Executive Airlines. Under the terms of the deal, AMR Leasing will sell all the airplanes to an undisclosed entity that will lease the aircraft to Ireland’s NK Aviation, a newly formed joint venture between Denmark’s Nordic Aviation Capital (NAC) and Kirk Kapital A/S.
Dubai Aerospace Enterprise (DAE) Capital plans to acquire ten Boeing 747-8Fs and eight 777Fs from Emirates Airline in a split purchase and leaseback agreement that will increase its lease portfolio to 49 aircraft. DAE Capital has 200 Airbus and Boeing aircraft on order for delivery during 2010-13
Financially troubled Lucent Technologies, which has announced total workforce reductions of nearly 40,000 since January, is also planning a dramatic restructuring of its flight department. The changes include the sale/leaseback of the company’s Sikorsky S-76 and both of its Gulfstream IVs, and the outright sale of its third business jet, a Falcon 2000.
Switzerland’s VistaJet today launched its so-called Flight Solutions Program, on which it hopes to pin much of its planned expansion into the Asia-Pacific market, Europe and beyond. VistaJet’s new program consists of private jet partnership and ownership “solutions.” The partnership component allows customers to commit to 100, 200, 300 and 400 hours per year in exchange for a monthly fee.
“Two years ago we were doing Wall Street road shows and rock band tours,” Andy Priester, director of charter operations at Chicago-based Priester Aviation, told AIN last month. “But the economy and world events have made those types of charters now almost extinct. Our new charter customer is the individual who can’t afford to spend five hours waiting for the privilege to get on a cramped airliner.”
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