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Marabu Takes Delivery of A320neo with PW1127G-JM Engines

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Estonian-based airline Marabu has recently expanded its fleet by taking delivery of a new Airbus A320neo, featuring Pratt & Whitney PW1127G-JM engines. This addition, identified by serial number 8310, represents Marabu’s commitment to modernizing its fleet with fuel-efficient and environmentally conscious technology. The A320neo offers enhanced fuel efficiency and lower emissions compared to earlier models,…

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Magnetic Leasing Acquires CFM56-7B Engine for Rebuild and Leasing

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Magnetic Leasing, an Estonian company specializing in aviation assets, has acquired a CFM56-7B engine from its new trading partner, 3TOP Aviation Services, based in the United States. This acquisition aligns with Magnetic Leasing’s strategy of building a robust portfolio of rebuilt engines to meet increasing demand from airlines and leasing firms. The CFM56-7B, known for…

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Iberia Receives First Airbus A321XLR, Expanding Fleet Capabilities

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Iberia, Spain’s flag carrier, has taken delivery of its first Airbus A321XLR, becoming the global launch operator for this new extended-range single-aisle aircraft. Powered by CFM LEAP-1A engines, the A321XLR promises operational efficiencies with 30% lower fuel burn per seat compared to previous-generation aircraft. Iberia will initially operate the A321XLR on European routes before launching…

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Garuda Indonesia Cancels A330-800 Order, Leaving Only One Pending

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Airbus’s A330-800 program faces further challenges as Garuda Indonesia reportedly canceled its order for four aircraft, reducing the global backlog to just one remaining delivery. Originally intended as a replacement for the successful A330-200, the A330-800 has struggled with demand, partly due to its narrow customer base and the higher capacity appeal of its sibling,…

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China Eastern Adds New Airbus A321neo to Fleet

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China Eastern Airlines has recently bolstered its fleet by adding a new Airbus A321neo, identified by serial number 12093 and powered by LEAP-1A32 engines. This acquisition supports China Eastern’s strategy to modernize its fleet with fuel-efficient, next-generation aircraft. The LEAP-1A32 engines, produced by CFM International, are known for their optimized fuel efficiency and lower carbon…

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Allied Air Cargo Adds Second Boeing 737-800F to Fleet

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Allied Air Cargo, a Nigerian-based carrier, recently expanded its fleet by taking delivery of a second Boeing 737-800 Freighter, with serial number 30146. This addition reflects Allied Air’s commitment to boosting cargo capabilities across West and Central Africa, where demand for air freight is growing. The aircraft’s efficiency and payload capacity are well-suited to meet…

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Air Belgium Ends ACMI Agreement with LOT, Transfers A330neo to Azul

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After a one-year ACMI (Aircraft, Crew, Maintenance, and Insurance) agreement, Air Belgium and LOT Polish Airlines have ended their collaboration involving an Airbus A330neo. This aircraft, serial number 1844, was based in Warsaw under Air Belgium’s operation for LOT’s long-haul services. Following this transition, the A330neo is slated for redelivery to its lessor, Air Lease…

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FL Technics Targets $1.1B Turnover by 2030

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Lithuanian MRO provider FL Technics has set an ambitious goal to reach a $1.1 billion turnover by 2030, nearly tripling its projected revenue for 2024. CEO Zilvinas Lapinskas outlined this growth plan at MRO Europe, focusing on extensive facility expansions across Europe, Asia-Pacific, and Latin America. The strategy includes new and improved maintenance facilities in…

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Eve Air Mobility Secures $50M Loan to Advance eVTOL Development

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Eve Air Mobility, an Embraer subsidiary, recently announced a new $50 million bank loan to support the continued development of its electric vertical take-off and landing (eVTOL) aircraft. This funding aligns with Eve’s focus on transforming urban air mobility by creating sustainable, zero-emission transport options for congested cities. The loan will enhance Eve’s ability to…

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Dubai Aerospace Enterprise (DAE) Reports 2024 Nine-Month Financial Performance

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Dubai Aerospace Enterprise (DAE) has released its financial results for the nine months ending September 30, 2024, demonstrating strong leasing performance and resilient revenue growth. The company, a leading global aircraft lessor, saw positive trends across its leasing and management portfolios, which contributed to increased profitability in a dynamic market. DAE has managed to navigate…