Budget airline Cebu Air Inc. said Thursday it is buying 37 new Airbus planes for $3.8 billion in the largest single aircraft order ever made by a Philippine airline, allowing it to more than double its fleet by 2021 and expand its international routes.

Lance Gokongwei, president and chief executive of Cebu Pacific, the budget carrier's official name, said new the order includes 30 A321neo (new engine option) and seven A320s. The airline currently operates a fleet of 25 Airbus and eight ATR 72-500 aircraft, the youngest fleet in the Philippines. Cebu Pacific flew more passengers than the country's … Continue reading Budget airline Cebu Air Inc. said Thursday it is buying 37 new Airbus planes for $3.8 billion in the largest single aircraft order ever made by a Philippine airline, allowing it to more than double its fleet by 2021 and expand its international routes.

The Russian Federation has acceded to the Cape Town Convention

The status lists for the Cape Town Convention and Aircraft Protocol have been updated to take account of the deposit of an instrument by the Russian Federation on 25 May 2011. The updated lists are available via the following links: http://www.unidroit.org/english/implement/i-2001-convention.pdf http://www.unidroit.org/english/implement/i-2001-aircraftprotocol.pdf http://www.gobiklaw.com

United Kingdom Planning VAT Changes

On January 4, 2011, the United Kingdom is expected to implement two changes regarding Value Added Tax (VAT) policies. First, aircraft over 8,000 kilograms (17,635 pounds) will no longer be applied a zero rating for VAT purposes. Under current policy, aircraft can be fully imported into the UK allowing for “free circulation” within the 27 … Continue reading United Kingdom Planning VAT Changes

Cape Town Convention updates: Singapore, Cuba, Tanzania & China

The status lists for the Cape Town Convention and Aircraft Protocol have been updated to take account of the deposit of instruments by the Republic of Singapore and the Republic Cuba on 28 January 2009.  United Republic of Tanzania on 30 January 2009People's Republic of China on 3 February 2009.The updated lists are available via … Continue reading Cape Town Convention updates: Singapore, Cuba, Tanzania & China

12th Annual Aero-Engine leasing conference

Gomez & Bikker's Patrick Honnebier was a lecturer during the 12th Annual Aer-Engine leasing from May 15th-May 17th, 2007 in Monaco; Trading & Finance Conference, organized by the http://www.aviationindustrygroup.com. His lecture was titled "The Capetown Convention & its Effects on Engine Leasing". He addressed the meaning/importance of the Capetown Convention for for engine lessors in … Continue reading 12th Annual Aero-Engine leasing conference

AerCap orders Rolls-Royce engines

AerCap orders Rolls-Royce engines for ten Airbus A330s AerCap Holdings has signed an agreement with Rolls-Royce to power ten of the new A330 aircraft that it ordered earlier this year from Airbus with Rolls-Royce Trent 700 engines. Deliveries of the Trent- powered aircraft are due to begin in 2009. In addition, AerCap announced that it … Continue reading AerCap orders Rolls-Royce engines