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Embraer forecasts Africa to need 770 additional aircraft by 2029 to current fleet of 635 aicraft in order to sustain growth.

posted Aug 19, 2010, 2:21 AM by Rowan Hewitt


ALAFCO (Kuwait) reports current year deliveries of 10 aircraft: two A320-200s to Oylmpic Air (Greece), seven A320-200s to Saudi Arabian Airlines and one A320-200 to Wataniya Airways (Kuwait). ALAFCO on track to reach fleet of 59 owned and managed aircraft by end of 2010, according to Chairman and CEO Ahmad Alzabin.

ALAFCO (Kuwait) reports net profit down 7 percent to US$27.1 million for 9 months of its current fiscal year that ended June 30. Company’s total assets increased 42 percnet reaching US$1.7 billion.

IndiGo (India) receives government approval to expand fleet by acquiring 150 additional aircraft between 2015 and 2025.

Comair (South Africa) in talks with Citigroup, Standard Chartered and at local banks for US$413 million loan to help fund purchase of eight B737-800s with delivery in 2012. Comair to additionally finance purchase with proceeds from US$12.8 million rights issue in May 2011.

Air China mandates HSBC (UK) for Airbus purchase deal. HSBC to arrange first Chinese ECA-backed aircraft purchase transaction, without guarantees from China.

GA Telesis (US) lists one A310-300 available for sale or dry lease with December 2010 delivery. See www.aviator.aero for details.

AirBaltic (Lativa) and Riga International Airport (Latvia) agree to settle their lawsuits and act cooperatively.

AFT Aircraft Financing & Trading (Netherlands) lists one F100 and updates listings for two F100s, all available for sale or dry lease with immediate delivery. See www.aviator.aero for details.

Doric Asset Finance (Germany) closes additional aircraft fund successfully, bringing total to five aircraft, including lease of one B777-300ER to Emirates (UAE). There are now six B777s in Doric’s portfolio. Also, due to increasing demand for additional aircraft, Doric to start new fund by end of year.

Airlines PNG (Papua New Guinea) plans by end of August 2010 to acquire one DHC6 from Air Vanuatu following June 2010 purchase, one DHC6 returning from overhaul and restoration, as well as three DHC8s being returned early on lease from Skytrans (Australia).

Airlines PNG (Papua New Guinea) wet leases one ATR72-500 from Berjaya Air (Malaysia) for two years for use on charter operations.

Embraer forecasts Africa to need 770 additional aircraft by 2029 to current fleet of 635 aicraft in order to sustain growth.

Firefly (Malaysia) orders three additional ATR72-500s with delivery by end of 2010.

Aegean Airlines (Greece) returned three aircraft in 1H 2010 also two AVRO RJs in July 2010, while two ATR72s scheduled to be returned in September 2010, according to managing director Dimitris Gerogiannis. Carrier to also drop two loss-making domestic routes and three international routes from Athens to Tirana, Belgrade and Vienna.

Aegean Airlines (Greece) posts 1H 2010 net loss after taxes of US$41.9 million compared to profits of US$17.2 million in previous year. Revenue declined 3 percent at US$344.2 million.

Precision Air (Tanzania) to take delivery of its sixth new ATR on August 26 in Toulousse, a ATR42-500.

South African Airways drops plans to find strategic equity partner for SAA Technical, according to CEO Sandra Coetzee. Technical unit to expand into regional hub to service aircraft accross continent.

Kenya Airways commences flights between Nairobi and Luanda, operated on codeshare with TAAG Angolan Airlines.