Turboprops, since the advent of the regional jet, have been thought of as “old technology” in the US, which drives the global market for regional aircraft. An aircraft that does not succeed in the US market will not be a…
Lessor Nordic Aviation Capital (NAC) expects to exit Chapter 11 bankruptcy protection before the end of May following the approval of its restructuring plan by the Eastern District of Virginia Bankruptcy Court. NAC said on April 19 that it had received…
Lessor ACIA Aero Leasing and Universal Hydrogen have signed a Letter of Intent to convert up to thirty ATR 72-600s for use of Universal’s hydrogen kit. The two companies announced the agreement on November 13, ‘Day zero’ on the 2021 Dubai…
Lessor ACIA Aero Leasing has issued a request for proposal to purchase up to thirty ATR, Embraer, and De Havilland Canada aircraft. The Dublin-based company wants to grow its fleet to almost ninety aircraft as it sees opportunities for expansion. Lessor…
ACIA Aero Leasing is becoming a growing provider of regional aircraft leasing and lease management services. The firm announced two new lessees, Fly LeOne in Italy and NXT Air in Bangladesh. The lessor continues to expand its customer base in…
Turboprop manufacturer ATR stabilized its turnover in 2018, booking a result of $1.8bln identical to the previous year. However, sales and deliveries were below the record-level of 2017, the Franco-Italian OEM reported on January 31. 2017 had been an outstanding…