Aircraft Leasing Dispute Escalates: Frontier vs. AMCK, Southwest Airlines Expands Fleet to Over 800 Aircraft, and More
Aviation news brief July 11
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Aircraft Leasing Dispute Escalates: Frontier vs. AMCK
Dublin-based aircraft leasing firm AMCK, owned by Carlyle, is opposing a demand by US low-cost carrier Frontier Airlines to prevent the seizure of a portion of its fleet. AMCK argues that granting the injunction would set a detrimental precedent for the aircraft leasing industry.
Frontier Airlines, which operates 127 jets to over 100 destinations, had filed a lawsuit seeking damages related to AMCK's acquisition. AMCK denies the claims and asserts that Frontier has failed to comply with contractual agreements.
The dispute highlights the clash between the leasing firm and the airline, with significant financial implications at stake. source
Bombardier Plans Competitive Pricing for Patrol Planes to Replace Canadian Military Aircraft
Bombardier Inc. announced that its patrol planes, intended to replace the aging Canadian military aircraft, will be priced competitively compared to rival Boeing Inc. The Royal Canadian Air Force's 14 CP-140 Aurora maritime patrol planes, built by Lockheed Martin, are set to retire in 2030.
The Montreal-based company, in collaboration with General Dynamics, is urging the Canadian government to initiate an open procurement process. While Boeing offers the P-8A Poseidons for US$5.9 billion, Bombardier is confident it can provide a comparable option.
Discussions have taken place with Canadian ministers, but the federal government is still considering its options. source
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