A220-300

Air Canada Announces Prepayment of Aircraft Related Debt Totalling Approximately $589 Million

Retrieved on: 
Thursday, September 7, 2023
Export–Import Bank of the United States, Boeing 787 Dreamliner, Exim Bank, Risk, Aeroplan, Air Canada, Exim, A220-300, Public, Acquisition, Atmosphere of Earth, Nature, A220, Dubai Export Development Corporation, Airbus, News, EDC, Aircraft, Airline, Boeing

The airline additionally prepaid financings of approximately $127 million supported by the Export-Import Bank of the United States (ExIm) previously used by the company to help fund its acquisition of four Boeing 787-8 aircraft.

Key Points: 
  • The airline additionally prepaid financings of approximately $127 million supported by the Export-Import Bank of the United States (ExIm) previously used by the company to help fund its acquisition of four Boeing 787-8 aircraft.
  • "One of Air Canada's top priorities following the pandemic is to deleverage and since late last year we have now pre-paid approximately $1.87 billion in debt.
  • The prepayment for the financed aircraft was achieved via:
    a full prepayment of the remaining loans under Air Canada's 2020 credit facility with EDC for the acquisition of Airbus A220-300 aircraft, and
    a partial prepayment of Air Canada's financing arrangements supported by ExIm for the acquisition of four Boeing 787-8 aircraft.
  • As a result of the prepayments, these aircraft will be added to Air Canada's unencumbered asset pool, bringing the total to approximately $6.3 billion, excluding Aeroplan.

Air Canada Announces Prepayment of EDC Financed Loans used to Acquire 19 Airbus A220-300 Aircraft

Retrieved on: 
Wednesday, June 21, 2023
Amos, Risk, Aeroplan, Air Canada, COVID-19, A220-300, Acquisition, Atmosphere of Earth, Investment, Nature, Dubai Export Development Corporation, Airbus, News, EDC, Airline

MONTREAL, June 21, 2023 /CNW/ - Air Canada today announced it has prepaid loans of approximately $650 million from Export Development Corporation (EDC) used by the company to help fund its acquisition of 19 Airbus A220-300 aircraft.

Key Points: 
  • MONTREAL, June 21, 2023 /CNW/ - Air Canada today announced it has prepaid loans of approximately $650 million from Export Development Corporation (EDC) used by the company to help fund its acquisition of 19 Airbus A220-300 aircraft.
  • "One of Air Canada's major financial objectives is to deleverage its balance sheet following the COVID-19 pandemic and prepaying these loans we received for our A220 aircraft is a significant step toward this goal.
  • The prepayment of the loans for 19 Airbus A220-300 aircraft financed through EDC was achieved via:
    a full prepayment of Air Canada's 2021 credit facility with EDC for the acquisition of 15 Airbus A220-300 aircraft, and
    a partial prepayment of Air Canada's 2020 credit facility with EDC for the acquisition of 18 Airbus A220-300 aircraft.
  • As a result of the prepayment, these aircraft will be added to Air Canada's unencumbered asset pool, bringing the total to approximately $5.4 billion, excluding Aeroplan.

Croatia Airlines Finalizes Pratt & Whitney GTF™ Engine and EngineWise® Maintenance Agreements

Retrieved on: 
Tuesday, June 20, 2023
JT8D, Maintenance, Pratt & Whitney, Financial Oversight and Management Board for Puerto Rico v. Aurelius Investment, LLC, RTX, Boeing, ALC, McDonnell Douglas, A220-300, Pratt, KLM, Boeing 737, Republic, Croatia Airlines, A220, AIR, A220-100, Air Lease Corporation, Airbus, ATR 42, GTF, PW100, McDonnell Douglas MD-80, ATR, Star Alliance, Aircraft, Airline

Pratt & Whitney will provide engine maintenance for Croatia's fleet with an EngineWise® Maintenance long-term agreement.

Key Points: 
  • Pratt & Whitney will provide engine maintenance for Croatia's fleet with an EngineWise® Maintenance long-term agreement.
  • "This is an exciting time for Croatia Airlines as we modernize our fleet with these GTF-powered A220 aircraft," said Jasmin Bajić, CEO and president of the Management Board of Croatia Airlines.
  • Founded in 1991, Croatia Airlines is the national carrier of the Republic of Croatia and a member of Star Alliance.
  • "Pratt & Whitney and Croatia Airlines have a longstanding relationship, dating back to the airline's first passenger operations," said Rick Deurloo, president of Commercial Engines at Pratt & Whitney.

Air Lease Corporation Announces Lease Placement for Two New Airbus A220 Aircraft with Cyprus Airways

Retrieved on: 
Tuesday, June 20, 2023
Air, Transport, Aerospace, Manufacturing, ALC, Hope, A220-300, Cyprus Securities and Exchange Commission, NYSE, AL, Airbus A320 family, A220, Air Lease Corporation, Airbus A220, Airbus, Security (finance), CO2, Airline, Cyprus Airways

Today Air Lease Corporation (NYSE: AL) announced long-term lease placements for two new Airbus A220-300 aircraft with Cyprus Airways, the national airline of Cyprus.

Key Points: 
  • Today Air Lease Corporation (NYSE: AL) announced long-term lease placements for two new Airbus A220-300 aircraft with Cyprus Airways, the national airline of Cyprus.
  • Both new A220 aircraft are confirmed to deliver to the airline this month from ALC’s order book with Airbus.
  • “ALC is pleased to announce this transaction for two Airbus A220 aircraft with our new customer, Cyprus Airways,” said Steven Udvar-Házy, Executive Chairman of Air Lease Corporation.
  • About Air Lease Corporation (NYSE: AL)
    Air Lease Corporation is a leading global aircraft leasing company based in Los Angeles, California that has airline customers throughout the world.

Aviation Capital Group Announces Lease Agreements with TAAG Angola Airlines for Four Airbus A220 Aircraft

Retrieved on: 
Monday, June 19, 2023
Air, Transport, Aerospace, Manufacturing, Transportation, Travel, TAAG, TAAG Angola Airlines, Pacific Life, Aviation, A220-300, Multimedia, A220, Airbus A220, Airbus, Growth, ACG, Capital Group Companies, Aircraft, Airline

Aviation Capital Group LLC (“ACG”) announced that it has entered into long-term leases with TAAG Angola Airlines for four new Airbus A220-300 aircraft.

Key Points: 
  • Aviation Capital Group LLC (“ACG”) announced that it has entered into long-term leases with TAAG Angola Airlines for four new Airbus A220-300 aircraft.
  • The aircraft are scheduled to be delivered to TAAG in 2025 from ACG’s order book with Airbus.
  • View the full release here: https://www.businesswire.com/news/home/20230619290301/en/
    TAAG Angola Airlines takes flight with four new Airbus A220-300 aircraft leased from Aviation Capital Group.
  • (Photo: Business Wire)
    “On behalf of ACG, we’re truly honored and proud to be a business partner of TAAG Angola Airlines, supporting its growth and expansion plans with the modern and environmentally friendly A220-300 aircraft.

Breeze Airways Signs Long-term Credit Card Agreement with Barclays

Retrieved on: 
Tuesday, June 13, 2023
Airbus, Embraer E-Jet family, Embraer, Visa, Partnership, Travel + Leisure, Travel, World's Best Science Fiction: 1966, Breeze Airways, A220-300, Air travel, Wi-Fi, Barclays, NLCC, Airline, Payment card

WILMINGTON, Del., June 13, 2023 /PRNewswire/ -- Barclays US Consumer Bank and Breeze Airways, one of America's newest point-to-point leisure airlines, announced today they have entered into a long-term agreement to issue the airline's first-ever line of co-branded credit cards designed to allow cardmembers to earn points that can be redeemed while flying with Breeze and for a wide range of everyday purchases.

Key Points: 
  • The credit card program will launch in early 2024 and will be issued in conjunction with the Visa payment network.
  • In its first year of service, Breeze Airways was ranked as the No.
  • "Barclays and Breeze Airways are committed to innovating in the co-branded credit card space through a highly creative value proposition and frictionless digital experience," said Peter Gasparro, chief development officer, Barclays US Consumer Bank.
  • "Barclays' partner-first approach to credit card programs will help Breeze Airways reach new heights by enhancing the brand's core benefits while connecting with our customers through Barclays' rich data capabilities and personalization tools to deliver seamless digital experiences."

Air Lease Corporation Announces Lease Placement of Four New Airbus A220 Aircraft with Czech Airlines

Retrieved on: 
Thursday, June 1, 2023
Professional Services, Air, Transport, Aerospace, Manufacturing, Finance, ALC, Czech Airlines, A220-300, Securities and Exchange Commission of Pakistan, SkyTeam, AL, A220, Air Lease Corporation, Airbus, Security (finance), Czech, NYSE, Aircraft, Airline

Today Air Lease Corporation (NYSE: AL) announced long-term lease placements for four new Airbus A220-300 aircraft with Czech Airlines.

Key Points: 
  • Today Air Lease Corporation (NYSE: AL) announced long-term lease placements for four new Airbus A220-300 aircraft with Czech Airlines.
  • “We are pleased to announce this lease placement for four new Airbus A220 aircraft with Czech Airlines,” said Steven Udvar-Házy, Executive Chairman of Air Lease Corporation.
  • Czech Airlines is pleased to launch the cooperation with the ALC team at the time we celebrate our 100th anniversary in October 2023.
  • About Air Lease Corporation (NYSE: AL)
    Air Lease Corporation is a leading global aircraft leasing company based in Los Angeles, California that has airline customers throughout the world.

Pratt & Whitney GTF™ Engines Power Breeze Airways' Longest Airbus A220 Flight

Retrieved on: 
Wednesday, May 17, 2023
Pratt & Whitney, SAF, Aviation, Pratt & Whitney PW1000G, Breeze Airways, A220-300, Carbon, APU, Raytheon Technologies, International airport, NOx, Neeleman, ICAO, A220, Airbus A220, Airbus, GTF, Growth, Breeze, Los Angeles International Airport, Collins Aerospace, Embraer E-Jet family, CO2, Embraer, Airline, Jet fuel, E195

EAST HARTFORD, Conn., May 17, 2023 /PRNewswire/ -- Pratt & Whitney, a Raytheon Technologies business, joined Breeze Airways ("Breeze") today in announcing the launch of the airline's longest nonstop route, a more than 2,250 nautical-mile, Airbus A220 flight powered by GTF engines between Rhode Island's T.F.

Key Points: 
  • EAST HARTFORD, Conn., May 17, 2023 /PRNewswire/ -- Pratt & Whitney, a Raytheon Technologies business, joined Breeze Airways ("Breeze") today in announcing the launch of the airline's longest nonstop route, a more than 2,250 nautical-mile, Airbus A220 flight powered by GTF engines between Rhode Island's T.F.
  • Customer Training Center for Breeze founder and CEO, David Neeleman and Breeze president, Tom Doxey.
  • "GTF engines enable airlines like Breeze fly long, thin, transcontinental routes with game-changing aircraft like the A220," said Rick Deurloo, president of Commercial Engines at Pratt & Whitney.
  • Breeze also operates a fleet of Embraer E190 and E195 aircraft, each equipped with an APS2300 auxiliary power unit (APU) from Pratt & Whitney.

VAH Delivered Its Second New Airbus A220-300 in 2022 and Announces Five More A220 Aircraft Under Sale and Leaseback

Retrieved on: 
Thursday, January 26, 2023
Air, Aerospace, Transport, Other Travel, Manufacturing, Transportation, Travel, Airbus, Global Aviation Holdings, VAH, CO2, Sale, A220, Airport, Breeze Airways, Partnership, A220-300, NOx, Aircraft, Airline

“We are delighted to celebrate the delivery of our second A220 to Breeze in 2022 and to further reinforce our long-term partnership with five additional aircraft,” continued Hooman Yazhari, VAH Executive Chairman.

Key Points: 
  • “We are delighted to celebrate the delivery of our second A220 to Breeze in 2022 and to further reinforce our long-term partnership with five additional aircraft,” continued Hooman Yazhari, VAH Executive Chairman.
  • “The transaction underscores the strength of our partnerships and aligns with our strategy to continue diversification of our portfolio in aircraft types and new airline partnerships.
  • The A220 delivers up to 25% lower fuel burn and CO2 emissions per seat compared to previous generation aircraft, and 50% lower NOx emissions than industry standards.
  • In addition, the aircraft noise footprint is reduced by 50% compared to previous generation aircraft - making the A220 a good neighbor around airports.

Breeze Airways Offering Lowest Fares Ever on Cyber Monday

Retrieved on: 
Monday, November 28, 2022
Transportation, Air, Transport, Travel, BDL, Embraer, Airbus, CMH, A220-300, Nice, Breeze Airways, Travel, Embraer E-Jet family, City, Tax, MSY, Sale, Aviation, Airline, Breeze

Flights are now on sale at www.flybreeze.com and via the Breeze app.

Key Points: 
  • Flights are now on sale at www.flybreeze.com and via the Breeze app.
  • Promotion must be purchased by November 28, 2022 (11:59 pm ET), for travel from January 4, 2023, through February 14, 2023.
  • Breeze Airways began service in May 2021 from 16 destinations primarily in the east and southeast of the United States.
  • In 2022, Breeze expanded west across the U.S., including coast-to-coast flights, and now offers 104 nonstop routes between 35 cities in 20 states.