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Airplane leasing world shrinks with $7.4 billion takeover of Air Lease
CNBC· 2025-09-02 19:20
An Airbus A321 is being assembled in the final assembly line hangar at the Airbus U.S. Manufacturing Facility in Mobile, Alabama.Aircraft leasing firm Air Lease, founded by industry mogul Steven Udvar-Házy, agreed to sell itself in deal that would take it private to a group of investors for $7.4 billion, ushering in more consolidation in the airplane-renting business.The planned acquisition, announced Tuesday, was led by Japan's Sumitomo and SMBC Aviation Capital, and also includes asset managers Apollo and ...
Boeing Gets 28 Plane Order From Etihad Airways As Trump Tour Continues
Forbes· 2025-05-16 07:15
Group 1: Etihad Airways and Boeing Orders - Etihad Airways confirmed an order for 28 new Boeing long-haul aircraft during President Trump's visit, bringing the total Boeing sales announcements during the trip to 268 aircraft [2] - The new agreement includes a mix of Boeing 787 Dreamliner and 777X airplanes, with deliveries starting in 2028, supporting Etihad's plan to double its fleet by 2030 [4][6] - Etihad currently operates a fleet of 100 aircraft with an average age of 9 years and had 17 pending deliveries before this announcement [6] Group 2: Engine Orders and Industry Context - Etihad Airways selected GE Aerospace engines for the new aircraft, which aligns with Qatar Airways' recent large engine order [5] - The backlog for Boeing's 777X continues to grow, with Qatar Airways adding orders for 30 of the new 777-9 planes, contributing to a total backlog of 481 777Xs as of March [7] - The first airline expected to receive a 777-9 is Lufthansa in 2026, pending certification completion [11]