ST Engineering last week announced that its wholly owned aviation asset management unit has entered into an agreement with Singaporean holdings company Temasek to set up a 50-50 joint venture (JV) for cargo aircraft leasing. The move comes as e-commerce and air cargo volumes have resulted to a growing demand for freighter aircraft. The company expects to purchase passenger plane feedstock at lower prices with itention to finance older aircraft through a mix of equity and debt. It plans to … [Read more...] about ST Engineering, Temasek set up cargo jet leasing venture
Leasing & Chartering
Polar Air Cargo obtains CEIV Pharma certification
Polar Air Cargo is set to fly more pharma shipments after the cargo operator and its sibling Atlas Air obtained the Center of Excellence for Independent Validators (CEIV) Corporate Pharma credential from IATA. In pursuing the credential, Polar Air Cargo adopted standard operating procedures and completed a multistep process to train ground and warehouse personnel, including its vendors. The certification is valid through 2024, which was granted with an independent audit. Lars Winkelbauer, … [Read more...] about Polar Air Cargo obtains CEIV Pharma certification
GECAS to purchase 14 IndiGo Airbus neos for leaseback
GE Capital Aviation Services (GECAS) along with other ventures have agreed to a purchase/leaseback (PLB) arrangement for 14 Airbus narrowbody aircraft with Indian budget airline IndiGo. Consisting seven A320neos and seven A321neos, powered by LEAP engines, the aircraft are scheduled to be delivered between the fourth quarter of 2021 and the middle of 2022. Considered India’s largest airline by passengers carried and fleet size, IndiGo currently has 176 A320s in service, with 12 parked, whilst … [Read more...] about GECAS to purchase 14 IndiGo Airbus neos for leaseback
IAI: Independence Day flyover and ‘Big Twin’ progress
Israel Aerospace Industries (IAI) will hold a unique ‘flyover’ to salute the state of Israel and its citizens on the country’s 73rd Independence Day, scheduled today, 15 April between 12:00 and 14:30 (local time). The company is drafting its cargo conversion prototypes for the B777 and B767, along with two G280 executive jets, which the company makes for Gulfstream. The three aircraft will fly over dozens of towns and villages from the north to south of Israel, which would be an … [Read more...] about IAI: Independence Day flyover and ‘Big Twin’ progress
Antonov delivers pharma equipment for vaccine production
Ukrainain carrier Antonov Airlines has transported essential machinery for the production of Covid-19 vaccines between Germany and the US, in partnership with DHL Global forwarding. The carrier operated six charter flights amidst poor weather conditions due to snowstorms in the US. It deployed its AN-124s to airlift the consignments, each weighing 100 tonnes, which were loaded and unloaded onto the aircraft using external cranes and loading equipment developed by in-house engineers. From … [Read more...] about Antonov delivers pharma equipment for vaccine production
Air Charter Service marks five years in Australia
Yesterday, 30 March, marked Air Charter Service’ fifth year of operations in Australia, as the company forecasts positive growth and looks to inject more investments into the Australian market. The aircraft charter specialist opened up its Sydney office back in 2016 with only three staff and the decision to invest in the Australasia market has certainly paid off. In 2019, it moved into a more spacious office to accommodate a larger team. “Paul Crook, ACS Managing Director in Australia, had … [Read more...] about Air Charter Service marks five years in Australia