Aircraft lease

September 2, 2009 - 11:01am

The fear is palpable at corporate flight departments that have put their aircraft on someone else’s Part 135 OpSpecs. Those who do by-the-book dry leases can sleep peacefully at night. The ones with the oh-so-clever wet leases in disguise will have more trouble.

June 20, 2008 - 5:52am

Chicago-based Jet Support Services Inc. (JSSI) and Fleet Capital Leasing have entered into a strategic alliance agreement to bundle JSSI’s engine, airframe or tip-to-tail hourly cost maintenance program with Fleet Capital aircraft financing.

May 17, 2008 - 11:13pm

ExecuJet Aviation will receive the first aircraft for its new Simply Fly program within the next three to four months, and expects to have 10 large-cabin jets in service by year-end. The company launched its wet-lease alternative to fractional ownership, block charter and traditional aircraft management in March.

January 3, 2008 - 4:57am

Goodrich Aviation Technical Services (ATS), the airframe heavy maintenance component of Goodrich, has been sold to a subsidiary of Macquarie Group.

ATS has more than 1,200 employees at its 950,000-sq-ft facility in Everett, Wash., and serves a broad base of North American and global customers by providing maintenance, repair and overhaul services to airlines, cargo fleet operators and aircraft owners.

December 14, 2007 - 10:24am

Boutsen Aviation is offering dry leases on a Cessna Citation II/SP based at Cannes-Mandelieu Airport in the south of France. The Monaco-based aircraft sales agent has purchased the pre-owned aircraft in partnership with a private individual who wants to log only about 100 flight hours per year.

May 29, 2007 - 12:39pm

The National Air Transportation Association (NATA) issued a call to action last week related to maintenance issues for charter operators. The association wants members to complete a survey related to the issue of FAR Part 135 maintenance of aircraft with more than nine versus nine or fewer seats.

May 23, 2007 - 11:08am

Given the bucks or the ability to borrow them, buying a business jet ought to be a straightforward affair. And if you don’t care about the potential downsides, it may be. But the typical business aircraft transaction involves a multinational cast of players and a plethora of contracts to go with them.

May 22, 2007 - 8:05am

Austrian-based operator Jetalliance announced here on Tuesday that it is now offering what it claims to be a new kind of business aircraft financing called asset-based leasing. Under the scheme, a firm or individual agrees to make a down payment for part of an aircraft–say, 30 percent. Jetalliance then buys the aircraft from the manufacturer. It will then own the remaining 70 percent.

February 9, 2007 - 10:00am

Part 135 operators and charter management entities will be affected by a proposed policy guidance involving wet leases.

February 5, 2007 - 5:08am

With so many choices available to companies and individuals contemplating alternatives to airline travel, what’s a business owner or prospective flight department manager to do? Speakers at the fourth annual Conklin & de Decker Aircraft Acquisition Planning Seminar, held recently in Scottsdale, Ariz., sought to provide some answers to those questions.

 
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