Airbus A320neo

Airbus first established an official presence in China in 1994 and its first final assembly line outside the borders of its four founding European countries was opened in the city of Tianjin in 2008

Yielding to growing scepticism among suppliers over its plans for jet output, Airbus lowered its widely watched forecast for deliveries this year to around 770 jets from around 800

Singapore-headquartered BOC Aviation Ltd on Wednesday said it has entered into a finance lease transaction with InterGlobe Aviation Ltd (IndiGo). The deal has been signed for four Airbus A320NEO aircraft. "We are pleased to be closing another four finance leases with IndiGo," said Steven Townend, Chief Executive Officer and Managing Director, BOC Aviation. "We continue to work closely with our long-time customer to support its expansion strategy as it builds a fleet of the latest technology fuel-efficient aircraft," Townend said in a release. The aircraft are all powered by CFM LEAP-1A engines. All four aircraft are scheduled for delivery in 2024. "We are pleased to announce that we have extended our partnership with BOC Aviation through a lease agreement for four Airbus A320NEO aircraft," said Riyaz Peermohamed, Chief Aircraft Acquisition and Financing Officer of IndiGo. He further said that these aircraft will be instrumental in supporting the company's expansion plans and ...

The facility is expected to be formed under a joint venture between the two companies where each will have a 50% stake

Japanese lender SMBC on Wednesday said the Tata Group-owned Air India has borrowed USD 120 million from it for purchasing a wide-body aircraft from Airbus. The transaction has partly financed Air India's purchase of an A350-900 aircraft from Airbus, which was delivered in October 2023, according to an official statement. SMBC said this is a secured debt facility through its Singapore branch, while Air India's GIFT City-headquartered arm AI Fleet Services is the borrower. The purchase is part of the mega announcement by the Tatas to buy a total of 470 aircraft from Boeing and Airbus, and AI has also contributed equity. According to some reports, an Airbus A350-900 aircraft is priced above USD 300 million. "SMBC Group is pleased to expand upon its long-established relationship with Tata Group through this deal," the lender's country head for India Hiroyuki Mesaki said. He added that this is the the bank's first-of-its-kind transaction for aircraft finance lease. Nipun Aggarwal, Ai

Tata Sons-Singapore Airlines jointly run airline Vistara on Friday inducted the 50th Airbus A320 neo plane in its fleet. With this latest addition, Vistara now has 66 aircraft, including 50 Airbus A320 neo, 10 Airbus A321, and six Boeing 787-9 Dreamliner aircraft. The airline plans to have 70 aircraft in its fleet by March next year. Vistara had in January this year said it was looking at a fleet of 70 planes by mid-2024. "In line with the focus to expand its domestic and international footprint, Vistara is on course to have 70 aircraft by the end of FY2024, thereby providing better connectivity and a wider network to its customers," the airline said in a statement. Vistara currently operates over 300 daily flights, connecting 32 domestic and 18 international destinations.

Karnataka-based Aequs will make parts for wings, fuselage, and pylons for Airbus' A320, A330neo, A350 aircraft

A 737 Max agreement would mark an important breakthrough for Boeing, after it lost its market lead in China to arch-rival Airbus SE

The state-owned carrier is among the largest operators of widebody aircraft, using its hub in Dubai as a global link between the US, Europe and Asia

Flags more aircraft groundings from Q4 over new PW engine issue

The airline will partner with plane manufacturers Airbus and Boeing to train its staff

IndiGo and SpiceJet are likely to wet-lease 20 aircraft. While IndiGo will source 11 Airbus A320 aircraft from SmartLynx Airline, SpiceJet will induct nine Boeing 737Max aircraft from Corendon Airline

Go Air - now re-branded as Go First - filed for insolvency protection on Tuesday after half of its Airbus SE A320neo fleet were grounded with engine snags

Tata Group is planning to get six Boeing 777-2000 aircraft and 25 Airbus A320 Neo aircraft on lease by the first quarter of 2023 to expand the capacity of Air India and Air India Express

Both aircraft, with P&W engines, will fly only when cleared by aviation regulator

Jet Airways plans to lease 20 Airbus A320s by 2024

Any fuel that has lower carbon emissions than conventional kerosene is known as Sustainable Aviation Fuel (SAF)

NAVBLUE is into flight operations and air traffic management solutions

BOC Aviation Limited has delivered the last of eight Airbus A320NEO aircraft to InterGlobe Aviation Ltd (IndiGo) under a purchase-and-leaseback agreement signed earlier this year. The aircraft is powered by CFM Leap engines, according to a statement. Steven Townend, deputy managing director and chief financial officer of the Singapore-based BOC Aviation, said, "The delivery of these eight aircraft reflects the strong cooperation that we have established with IndiGo, India's largest passenger airline." "We look forward to building on our relationships with major airline partners such as IndiGo, as we continue to support our airline customers in financing their aircraft deliveries," Townend added.

The US-based aircraft engine maker Pratt & Whitney on Thursday announced that Air India's arm AIESL will maintain the company's geared turbofan (GTF) engines in the country. At present, Pratt & Whitney (P&W) has more than 700 aircraft in service in India, including more than 150 GTF-powered A320neo family aircraft. A320 neo planes have been grappling with snags for nearly four years. A substantial number of such neos are operated in India by IndiGo and GoAir. P&W has already a tie-up with Air India Engineering Services Ltd (AIESL) for maintenance of its 4056 engine model. These engines power Boeing 747-series aircraft. AIESL will service PW1100G-JM engines at its facility in Mumbai, P&W, which is a part of the United Technology Corporation (UTC), said in a release. PTI had reported it last week that P&W had signed an agreement with AIESL for its engine maintenance services in India. With AIESL performing maintenance on our high-tech GTF engines, we are excited .