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Connect Airlines eyes fleet of up to 100 hydrogen-powered ATR 72s

Connect Airlines eyes fleet of up to 100 hydrogen-powered ATR 72s

by Richard Schuurman | Jun 9, 2022 | Aerospace, ATR | 0 comments

UPDATE – US start-up Connect Airlines has bold plans for its regional operations with hydrogen-based aircraft. The carrier has announced a firm order with Universal Hydrogen for 75 converted ATR 72-600s plus 25 options. Connect expects to take delivery of the...
China Eastern issues new shares for fleet purchases

China Eastern issues new shares for fleet purchases

by Richard Schuurman | May 12, 2022 | Airlines | 0 comments

The Board of Directors of China Eastern Airlines has approved the non-public issuance of shares to raise RMB 15 billion, of which two-thirds will be used to finance the purchase of 38 new aircraft. The issuance of no more than 5.6 million shares was approved on May...
Uganda Airlines weighs fleet options as CRJ limitations set in

Uganda Airlines weighs fleet options as CRJ limitations set in

by Michael Wakabi | May 9, 2022 | Airlines | 1 comment

It is months away before a formal request for proposals is issued but manufacturers are already angling for looming opportunities at flag carrier Uganda Airlines. The airline is feeling an acute gap in its fleet that it wants to be filled by what is being generally...
DAE takes write-off on Russian fleet too

DAE takes write-off on Russian fleet too

by Richard Schuurman | May 9, 2022 | Aerospace, DAE | 0 comments

Another lessor has confirmed an impairment on aircraft that it has been unable to repossess from customers in Russia. Dubai Aerospace Enterprise (DAE) reported a $537.9 million net write-off on nineteen aircraft. DAE takes write-off on Russian fleet too. Originally,...
Aircastle also writes off on Russian and Ukrainian fleet

Aircastle also writes off on Russian and Ukrainian fleet

by Richard Schuurman | Apr 29, 2022 | Aerospace, Lessors | 0 comments

Another lessor has to accept the financial implications of the situation in Russia. Aircastle has taken a $252 million impairment on thirteen aircraft that are unlikely to be repossessed from airlines. Of these, twelve are in Russia and one in Ukraine. Last week, Air...
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