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The Model 408 was launched on November 28, 2017, by Textron Aviation, with an introduction planned for 2020, as a FAR Part 23 type certified design. [4] [5] Like the earlier Cessna 208 Caravan, the 408's design was developed with FedEx Express to match the needs of FedEx Feeder service; FedEx requested an aircraft that could haul 6,000 lb (2,700 kg), twice the payload of the 208, and could ...
The Ayres LM200 Loadmaster was a small cargo aircraft developed in the 1990s by Ayres Corporation largely for the needs of small-package carriers. In 1996, urged on by Federal Express , development was begun, designed to carry four demi containers.
A dry lease is a leasing arrangement whereby an aircraft financing entity (lessor), such as AerCap or Air Lease Corporation, provides an aircraft without crew, ground staff, etc. Dry lease is typically used by leasing companies and banks, requiring the lessee to put the aircraft on its own air operator's certificate (AOC) and provide aircraft ...
GECAS' successor "AerCap" maintains a portfolio of narrowbody and widebody passenger aircraft, cargo aircraft, regional jets, and turboprop aircraft from manufacturers such as Airbus, Boeing, Embraer, Bombardier and ATR. Through its Milestone Aviation Group, GECAS also owns and leases AgustaWestland, Sikorsky and Airbus Eurocopter helicopters. [11]
Under American and British accounting rules, a finance lease is generally defined as one in which the lessor receives substantially all rights of ownership, or in which the present value of the minimum lease payments for the duration of the lease exceeds 90% of the fair market value of the aircraft. If a lease is defined as a finance lease, it ...
Southwest Airlines (NYSE:LUV) shares are trading lower on Tuesday. The firm revealed a sale and leaseback deal involving 36 Boeing 737-800 aircraft. The aircraft will be owned and leased back to ...