Aircastle Limited, a leading commercial aircraft leasing company, has announced a significant leadership transition with the upcoming retirement of its Chief Legal Officer, Christopher Beers. Beers, who has held the position since 2014, will be succeeded by Sarah Clarkin, who has been promoted from Associate General Counsel. This move highlights Aircastle’s commitment to internal talent development and its focus on navigating the evolving aviation industry.
Air Lease Corporation (ALC) has delivered the first Airbus A220-300 to TAAG Angola Airlines, marking a significant step in the airline’s fleet modernization efforts. This delivery is part of a six-aircraft order and will help TAAG enhance operational efficiency and expand its route network.
Nigeria has implemented new guidelines for its Federal High Court to strengthen its compliance with the Cape Town Convention, a crucial international agreement governing aircraft leasing. This move, spearheaded by Aviation Minister Festus Keyamo, aims to boost investor confidence, streamline aircraft acquisition, and revitalize the nation’s aviation sector.
Azorra, an aircraft leasing company, has secured a $450 million financing facility from the Brazilian Development Bank (BNDES), bolstering its fleet expansion plans and supporting airline modernization efforts globally. This funding will enable Azorra to finance up to 15 Embraer E2 aircraft and further strengthen its position in the aviation leasing market.
U.S.-based aircraft lessor Azorra has taken delivery of its first A220-300 from Airbus in Mirabel, Quebec. The aircraft is leased to Breeze Airways and signifies the start of Azorra’s fleet, which includes an order for 22 A220-300s. The A220, with its comfortable cabin, reduced operating costs, and environmental benefits, is ideal for the 100-150 seat market. The aircraft offers a 25% reduction in fuel consumption and CO2 emissions per seat, and a 50% reduction in noise pollution compared to previous models. The A220 is equipped to operate with Sustainable Aviation Fuel (SAF) and is expected to be fully SAF compatible by 2030. Breeze Airways has 23 A220s in service, with an additional 10 on order, and plans to transition to an all-A220 fleet by the end of 2024. The A220, with over 330 delivered to 20 airlines, has proven its versatility and popularity in the aviation industry.
TrueNoord, a regional aircraft lessor, has secured an additional eight aircraft from Nordic Aviation Capital (NAC). This acquisition adds one Dash 8-400 and seven E190s to TrueNoord’s existing fleet, bringing the total to 94 aircraft. The distribution of these aircraft across the USA, Europe, and Australia enhances TrueNoord’s global presence and reinforces its portfolio of turboprop and regional jets. Integration of the eight aircraft into TrueNoord’s fleet is expected to be completed in the second quarter of 2024. This agreement builds upon previous acquisitions, highlighting the strong business relationship between the two lessors. TrueNoord’s Chief Commercial Officer, Richard Jacobs, expressed optimism about the company’s growth and the value of the partnership with NAC.
