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Tag: 737

  • FAA Restores Boeing’s Ability To Certify Max Jets For Flight More Than 6 Years After Fatal Crashes – KXL

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    (AP) – Boeing is getting back the ability to perform final safety inspections on 737 Max jetliners and certify them for flight more than six years after crashes of the then-new model killed 346 people, the Federal Aviation Administration said Friday.

    The FAA said it decided to restore the aerospace company’s authorization to issue airworthiness certificates for Max and 787 Dreamliner passenger planes starting Monday following “a thorough review of Boeing’s ongoing production quality.”

    Federal regulators took full control over 737 Max approvals in 2019, after the second of two crashes that were later blamed on a new software system Boeing developed for the aircraft. The FAA ended the company’s right to self-certify Dreamliners in 2022, citing ongoing production quality issues.

    Going forward, Boeing and FAA inspectors will take weekly turns performing the safety checks that are required before aircraft are cleared for delivery and declared safe to fly. The FAA said the arrangement will free up more of its inspectors to conduct “rigorous” quality checks on the production line at Boeing plants.

    The Associated Press sent emailed requests Friday to Boeing for comment.

    The company’s stock price was up about 4% in afternoon trading, as the FAA announcement coincided with news about Boeing securing two more orders from foreign airlines.

    Turkey’s flag carrier, Turkish Airlines, said Friday that it planned to buy 75 Dreamliners and wants to eventually buy up to 150 more 737 Max jets. Boeing said the Max purchase would be the largest single order for its best-selling aircraft, if the deal is finalized.

    Norwegian Group, the aviation company that operates Norwegian Air Shuttle and regional airline WiderN�also placed an order for 30 Boeing 737 Max 8 planes, Boeing said Friday.

    Since President Donald Trump’s return to the White House this year, his administration has made Boeing a focus of its plans to revive U.S. manufacturing. A number of international airlines have signed sales agreements with Boeing in recent months.

    Some Boeing critics have questioned how meaningfully the company has reformed its culture and processes to ensure the passenger planes it produces are safe.

    The FAA announced earlier this month that it was seeking $3.1 million in fines from Boeing over alleged safety violations between September 2023 and February 2024, including a blowout of a paneled-over exit door on a 737 Max during an Alaska Airlines flight.

    After the January 2024 Alaska Airlines incident, the FAA capped Boeing’s production of Max jets to 38 per month. In practice, the production rate fell well below that ceiling last year as the company contended with investigations and a machinists’ strike that idled factories for almost eight weeks.

    The company said in July that it reached the monthly cap in the second quarter and would eventually seek the FAA’s permission to increase production.

    The FAA said in a Friday statement that if Boeing requests an increase, “onsite FAA safety inspectors will conduct extensive planning and reviews with Boeing to determine if they can safely produce more airplanes.”

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  • AELF Leases Third 737-800 to FlySafair

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    Financing Provided by Investec

    Aircraft Engine Lease Finance, Inc (“AELF”) announced it has leased a third Boeing 737-800 to South Africa’s FlySafair. The 2016 vintage aircraft, MSN 40971, was acquired by AELF with financing provided by Investec Bank Limited (“Investec”).

    “We are pleased to support the growth of FlySafair’s fleet and appreciate the opportunity to expand our relationship with Investec,” said Joe Cirillo, Chief Commercial Officer. “Our thanks to both organizations for their work on this transaction, which is directly in line with our strategic growth plans in the narrowbody market.”

    Over the last year AELF has been actively acquiring 737-800s for long term operating lease as it expands its aircraft portfolio. FlySafair operates a narrowbody fleet largely comprised of the 737-800s.

    “Maintaining efficiency on costs and through reliability is core to our business model and we are happy to have aligned with a partner that understands these requirements.” said Kirby Gordon, Chief Marketing Officer at FlySafair.

    MSN 40971 is AELF’s second 737-800 financed by Investec, having also financed a sister ship with the lender last year.

    “We are proud to once again partner with AELF and FlySafair with this transaction,” said Thato Matsha, Aviation Finance at Investec South Africa. “We regard AELF and FlySafair as excellent operators in the aviation sector and are pleased to be able to strengthen the relationships we have built with both in recent years.”

    About the AELF

    Aircraft Engine Lease Finance Inc. (“AELF”) is an experienced commercial aircraft lessor. Based in Chicago, AELF offers customized and flexible financing solutions to airlines and commercial aircraft operators worldwide. AELF has been in operation for a decade and owns a fleet of A330-200s and 737-800s as well as an engine portfolio. The company is strategically expanding its presence in the 737NG market.

    About FlySafair

    FlySafair, South Africa’s leading international low-cost carrier, is a trade name for Safair Operations, based in Kempton Park, South Africa. The airline flies to 15 destinations in Sub-Saharan Africa. FlySafair, which uses the slogan For The Love Of Flying, is the most on-time, low-cost airline in the world.

    About Investec

    Investec partners with private, institutional, and corporate clients, offering international banking, investments, and wealth management services in two principal markets, South Africa, and the UK, as well as certain other countries. The Group was established in 1974 and currently has 7,500+ employees.

    Investec has a dual listed company structure with primary listings on the London and Johannesburg Stock Exchanges. ICIB Disclaimer

    Contact Information

    Amy Phillips
    communications@aelfinc.com

    Source: Aircraft Engine Lease Finance, Inc.

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  • AELF Leases 737-800 to FlySafair

    AELF Leases 737-800 to FlySafair

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    Aircraft Engine Lease Finance, Inc (“AELF”) announced it has leased a Boeing 737-800 to South Africa’s FlySafair. The aircraft, MSN 36548, marks the latest addition to FlySafair’s fleet, which is comprised heavily of this type. 

    “We’re thrilled to see this aircraft in operation with FlySafair. My team and I closely oversee every step of the pre-delivery maintenance process and we pride ourselves on delivering the highest quality aircraft to our valued lessees,” said Jim Nazarkewich, Head of Technical Services for AELF. 

    Recently acquired from Airborne Capital Limited, the aircraft is one of several 737-800s recently acquired and leased by AELF as the company actively expands its new-gen fleet.

    “Expanding our presence in the 737-NG market is precisely in line with our strategic objectives,” said Joe Cirillo, Head of Global Marketing for AELF.  “We look forward to a broader cooperation with the great group at FlySafair.”

    “Structuring the right leasing deals is imperative to maintaining our cost advantage in the markets we contest. We’ve appreciated AELF’s efforts to align with our needs,” said Kirby Gordon, Chief Marketing Officer for FlySafair.

    About the AELF 

    Aircraft Engine Lease Finance Inc. (“AELF”) is an experienced leader in commercial aircraft leasing. Based in Chicago, AELF offers customized and flexible financing solutions to airlines and commercial aircraft operators worldwide. AELF has been in operation for almost a decade and owns a fleet of A330-200s and 737-800s as well as an engine portfolio. The company is strategically expanding its presence in the 737NG market. 

    About FlySafair

    FlySafair, South Africa’s leading international low-cost carrier, is a trade name for Safair Operations, based in Kempton Park, South Africa. The airline flies to 15 destinations in Sub-Saharan Africa. FlySafair, which uses the slogan For The Love Of Flying, is the most on-time, low-cost airline in the world.

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    Source: Aircraft Engine Lease Finance Inc

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