International Lease Finance has concluded a series of lease deals for Airbus and Boeing widebodies. Air Austral, based on the Indian Ocean island of Reunion, has leased two three-year-old Pratt & Whitney PW4090 Boeing B777-200ERs. The aircraft, which are leased to Air Europe, will be delivered in April and May 2003 on six-year lease terms; Portuguese carrier Air Luxor has added an ex-Sabena, PW4168-powered Airbus A330-300 on three-year lease; Spanish charter airline Iberworld has taken a PW4168-powered, ex-LTU A330-300 on three-year lease; Lauda Air Italy is to lease three new Rolls-Royce Trent 772-powered A330-200s to replace its Boeing 767s. The aircraft will be delivered in November 2003 and July and October 2004 on 10-year leases; Vietnam Airlines has leased an ex-LanChile Boeing 767-300ER. The PW4062-powered aircraft is on a three-year lease. Reykjavik-based Islandsflug is to take an ex-City Bird Airbus A300-600 Freighter on operating lease from Debis AirFinance. Islandsflug will operate the aircraft for Air France.
Embraer has formed a single new executive team charged with overseeing both sales of E-Jets to lessors and sales of cargo aircraft under its E-Jet Freighter programme.
The aerospace industry is scrambling to secure exemptions from steep new tariffs being imposed by the Trump administration, saying the taxes will drive up prices and could cause years of disruption to an already fragile supply chain.