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AIRES (Colombia) reports B737-700 crash

posted Aug 17, 2010, 5:22 AM by Rowan Hewitt

Aviator.aero news

16AUG2010

Philippine Airlines plans to tap local and international banks to help generate funds in order to boost its operations.

IATA reports premium tickets sales grew 16.6 pecent during June 2010 versus same month 2009.

Four leasing companies are seeking court permission to recover their aircraft from Mexicana, although carrier has temporary restraining order barring more repossessions.

Macquarie AirFinance (Ireland) purchases A320-200, A321-200 and B737-800 from ILFC (US). Three aircraft currently on long-term lease to SATA, Novair and Travel Service respectively, and are part of commitment to six aircraft that Macquarie announced in April 2010.

Airfleet Resources (US) lists one B737-800 available for dry lease with delivery in December 2010. See www.aviator.aero for details.

Atlas Air Worldwide Holdings AAWW (US) closes loan with Industrial and Commercial Bank of China ICBC. Proceeds from loan to back leverage of March 2010 acquisition of B757-200SF dry leased for five-years to Shanghai Airlines (China) by AAWW’s subsidiary, Titan Aviation Leasing (US). SkyWorks Capital (US) advised AAWW on arranging loan from ICBC.

TAM (Brazil) CEO Libano Barroso says there is “strong chance” that US$3.7 billion LATAM Airlines Group deal will trigger other mergers and acquisitions among Latin American carriers. New wesbite for LATAM here: http://bit.ly/aRg2w8

Startup Fast Colombia seeks to become next low-cost carrier in Colombian market.

Sri Lanka reportedly to hold talks with Temesek Holdings (Singapore), parent of Singapore Airlines, to obtain equity investment for national carrier SriLankan Airlines. SriLankan plans to re-fleet and expand by 2015 with infusion of new equity.

AIRES (Colombia) reports B737-700 crash, serial 32416, upon landing in San Andres island from Bogota during thunderstorm. One fatality reported out of 131 aboard, and aircraft broken into three pieces. Aircraft may have been struck by lightning, according to reports.

Air Lease Corporation (US) selects IAE V2500 engines to power 30 A320s scheduled for delivery beginning 2011, in deal valued at over US$500 million. Pratt & Whitney (US) wins approximately $165 million from deal, while Rolls-Royce (UK) wins US$175 million share of order.

China Southern Airlines reports net income of US$309 million in 1H 2010, compared with US$5.5 million from year earlier. Revenues in 1H 2010 up 39 percent to US$5.1 billion.

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