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leasing

Northern Pacific seeks public investors

2 June 2022 By Seth Miller Leave a Comment

The stylized

Northern Pacific Airways is taking a somewhat unusual approach to funding ahead of its expected launch later this year. The carrier is running an open call to unaccredited investors, hoping to boost its visibility in the market, as well as its cash balance.

This story is about: 2Ku, 757-200, A321XLR, crowdfunding, Icelandair, IFC, IFEC, in-flight connectivity, in-flight internet, in-flight wifi, Intelsat, leasing, Northern Pacific Airways, Rob McKinney Filed Under: Airplanes and Airports, IFEC

Norwegian brings back the MAX 8, with a twist

1 December 2021 By Seth Miller Leave a Comment

Norwegian agreed to lease a pair of Boeing 737 MAX 8 aircraft, bringing the type back into service at the carrier. The two planes will join the carrier’s operations “shortly” with a focus on meeting the Summer 2022 goal of serving approximately 270 routes.

This story is about: 737 MAX, 737 MAX 8, 737 NG, 737-800, A320neo, A321neo, Airbus, Boeing, leasing, Norwegian Filed Under: Seats & Cabin

Some details on Connect Airlines’ operating costs

24 September 2021 By Seth Miller Leave a Comment

Connect Airlines aims to bring its Q400 fleet to Toronto's Billy Bishop Airport starting this October.

Looking to lease a couple Q400s to launch an airline? The going rate appears to be $50k/month, according to recent DOT filings made by Connect Airlines.

This story is about: Connect Airlines, Department of Transportation, DoT, leasing, Q400 Filed Under: Airplanes and Airports

Breeze banks $200 million to fuel growth

18 August 2021 By Seth Miller 3 Comments

A traditional water cannon salute for the inaugural Breeze Airways departure from Tampa

Breeze Airways secured an additional $200 million in funding, providing the carrier with a sizable bankroll to support upcoming expansion. The deal involves new and existing investors and gives the company the most capital for any of this year’s startup carriers.

This story is about: A220, Breeze Airways, financing, leasing Filed Under: Airplanes and Airports

LATAM scraps A350 fleet

8 April 2021 By Seth Miller Leave a Comment

LATAM never could really figure out what to do with its fleet of A350s. And now the fleet is no more. The company plans to remove the A350 from its Brazilian operations effective immediately.

This story is about: A350, A350 XWB, A350-1000, A350-900, Airbus, Brazil, Delta Air Lines, LATAM, leasing, merger, Qatar Airways Filed Under: Airplanes and Airports, Seats & Cabin

Norse Atlantic snags former Norwegian planes for launch

29 March 2021 By Seth Miller 4 Comments

Norwegian 787 with deicing at night

Picking up some of Norwegian’s old 787s was always part of the plan for Norse Atlantic’s launch later this year. Picking up its troubled history gaining access to the US market, however, is less useful.

This story is about: 787, 787-8, 787-9, AerCap, Department of Transportation, DoT, Dreamliner, leasing, Norse Atlantic Airways, TATL, transatlantic Filed Under: Airplanes and Airports

Norwegian abandons long-haul operations, refocuses on 737 routes in Europe

14 January 2021 By Seth Miller 3 Comments

Norwegian 787 with deicing at night

Chalk up another major long-haul LCC failure. Norwegian will abandon its fleet of 37 787 Dreamliners, refocusing on the short-haul European market served with single-aisle aircraft.

This story is about: 787, bankruptcy, Collins Aerospace, COVID-19, Dreamliner, Gatwick, GX, GX Aviation, Inmarsat, JetBlue, LCC, LCCs, leasing, LGW, London, Low Cost Carriers, Norwegian, routes, slots, TATL, transatlantic Filed Under: Airplanes and Airports

A fleet of salvage-priced planes

27 October 2020 By Seth Miller 1 Comment

Does it matter that airlines are flying planes worth more in the scrap yard than they are to a new owner? Probably not, but United’s latest effort to secure a $3bn loan is an interesting insight into the world of aircraft valuation considerations.

This story is about: 767-300ER, 777-200ER, COVID-19, debt, engines, IFE, IFEC, leasing, United Airlines Filed Under: Airplanes and Airports

LATAM seeks US bankruptcy protection, plans to continue operations

26 May 2020 By Seth Miller 5 Comments

A LATAM 787 (CC-BGD) at JFK. Image via Jason Rabinowitz https://twitter.com/airlineflyer

South America’s LATAM Airlines Group filed for Chapter 11 bankruptcy reorganization in the US courts on Tuesday morning, seeking to restructure debt while continuing regular operations. Or, at least, operations as close to regular as possible given the current global aviation environment.

This story is about: Avianca, bankruptcy, COVID-19, Delta Air Lines, joint venture, LATAM, leasing Filed Under: Airplanes and Airports, Loyalty

Norwegian scores a funding boost from China

24 October 2019 By Seth Miller 1 Comment

Norwegian found $1.5bn to help cover short-term aircraft costs thanks to a Chinese partner. The deal dramatically reduces CapEx for the next four years, an important win as the company seeks to shore up its books.

This story is about: A320neo, Airbus, China, earnings call, leasing, Norwegian Filed Under: Airplanes and Airports

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