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CFM is a joint venture between GE and Snecma SA. This delivery signifies the first A320neo for AirAsia and first A320neo to enter the GECAS portfolio. Separately, GECAS purchased two Airbus A320s powered by IAE engines from AirAsia and leased to the AirAsia Group two Airbus A320s powered by CFM engines. This is another example of the large-scale, complex transactions only a company like GECAS can execute with our access to specific aircraft types and financial certainty, said Antony Snelleman, GECAS Senior Vice President & Regional Manager. We were able to help AirAsia exit older technology aircraft and move toward greater engine commonality and lower maintenance costs, as well as help them finance their new deliveries through a purchase-and-leaseback. AirAsia is the largest low-cost carrier in Asia, operating flights to more than 120 destinations in over 20 countries in Asia, Australia, the Middle East and Africa. It currently operates a fleet of about 175 Airbus aircraft. AirAsia Berhads wholly-owned subsidiary, Asia Aviation Capital Ltd (AACL), is the advisor and originator of the purchase-and-leaseback deal. AACL is the leasing entity incorporated to provide aircraft leasing services to the AirAsia Group and to third parties. Its business offerings include the purchase and trading of aircraft assets including sale-and-leaseback transactions, leasing to airline customers and aircraft portfolio trading. In addition, AACL expects to build up its ancillary services such as offering maintenance programs bundled with leases, spare engine leasing as well as advisory services.
For the original version including any supplementary images or video, visit http://www.aviationpros.com/press_release/12257766/ge-capital-aviation-services-announces-first-a320-neo-delivery-to-airasia-as-part-of-a-deal-involving-nine-airbus-aircraft
Image copyright Reuters Image caption Mr Osborne has said he wants to stand again - but where? Former Chancellor George Osborne says he wants to stand for election again in 2020 but he faces potential complications as his Cheshire constituency is being abolished. Under the draft plans, Tatton would be merged into a new Altrincham and Tatton Park seat which could pit Mr Osborne against Graham Brady, chair of the 1922 backbench committee, who is currently MP for Altrincham and Sale West. The make-up of cheapest flights to los angeles from cincinnati Nick Clegg's Sheffield Hallam seat is changing significantly, which might make it harder for the Lib Dems to retain, although it is not clear whether the party's former leader will contest it again. Labour faces a possible game of musical chairs in north-east London with Jeremy Corbyn's Islington North seat effectively merging with Diane Abbott's Hackney North and Stoke Newington to create a new seat of Finsbury Park and Stoke Newington. While Mr Corbyn will likely contest that seat and Ms Abbott will opt for the new Hackney Central, it would have a knock-on effect for other Labour MPs in the area such as Meg Hillier, Rushanari Ali and Jim Fitzpatrick. Other MPs whose seats are effectively being abolished or merged with others include ex-Welsh Secretary Stephen Crabb (Preseli Pembrokeshire), Labour leadership contender Owen Smith (Pontypridd), Labour MP Rachel Reeves (Leeds West), Conservative Brexit Secretary David Davis (Haltemprice and Howden) and Labour's Tristram Hunt (Stoke on Trent Central). One of the most interesting permutations is in Essex where International Development Secretary Priti Patel (Witham) and former culture secretary John Whittingdale could have to compete for the proposed combined seat of Witham and Malden. However, the likely retirement of a number of long-serving MPs could free up seats and minimise the number of blue-on-blue or red-on-red contests.
English Airways Resumes Aircraft To Tehran After Sanctions Lifted
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