Sydney, Australia, 30 August 2021 - EastWest Aviation has purchased three additional Fairchild Metro 23 turboprop aircraft (VH-HWR, MYI & UUB) for Melbourne based operator Sharp Airlines.
This refinance transaction reduces funding costs for Sharp and supports the airline’s ongoing growth in the southern Australian regional airline market, especially within Tasmania.
Sydney, Australia, 31 March 2021 - EASTWEST is delighted to announce the purchase of three additional Fairchild Metro 23 aircraft. These new aircraft will go into service shortly and provide much needed extra flight capacity.
This brings to a total of 8 Fairchild Metroliner aircraft in the EASTWEST fleet.
These aircraft were previously operated by Airnorth in airline service.
About EastWest:
EastWest Aviation is a Sydney based provider of capital to operators of turboprop aircraft. The business was established in 2018 to offer comprehensive leasing solutions (and potentially equity capital) to airlines serving regional Australia.
Sydney, Australia, 18 October 2019 - EastWest Aviation (EastWest) is pleased to confirm that it has purchased a Fairchild Metroliner 23 turboprop (VH-OYG) from Pearl Aviation Pty Ltd. The aircraft will be leased and operated by Melbourne based Sharp Airlines.
EastWest is well positioned to further develop and invest into the capabilities and services it brings to aviation operators across regional Australia.
About EastWest:
EastWest Aviation is a Sydney based provider of capital to operators of turboprop aircraft. The business was established in 2018 to offer comprehensive leasing solutions (and potentially equity capital) to airlines serving regional Australia.
Sydney, Australia, 29 January 2021 - EASTWEST has acquired three Fairchild Metro dedicated freight aircraft.
These new aircraft will continue to serve the TOLL network in Queensland operated under contract by Sharp Airlines.
About EastWest:
EastWest Aviation is a Sydney based provider of capital to operators of turboprop aircraft. The business was established in 2018 to offer comprehensive leasing solutions (and potentially equity capital) to airlines serving regional Australia.
An all-electric mini-airliner that can go 621 miles on one charge and replace many of the turboprops and light jets in use now—flying almost as far and almost as fast but for a fraction of the running costs—could be in service within three years. But this isn’t another claim by another overoptimistic purveyor of electric dreams. It’s using current technology, and the first planes are being built right now. In fact, the process of gaining certification from aviation regulators for what would be the world’s first electric commuter plane has already started.
The pressurised Alice from Israeli company Eviation is a graceful-looking composite aircraft with one propeller at the rear and another at the end of each wing, placed to cut drag from wingtip vortices. Each is driven by a 260 kW electric motor, and they receive power from a 900 kWh lithium ion battery pack.
Alongside its 650 mile range, the pressurised $3 million-plus Alice can carry nine passengers and two crew, and cruise at 276 mph – up there with the speed of the turboprops that are widely used in the commuter role, if not anywhere near that of jets. But crucially, says Eviation chief executive Omer Bar-Yohay, “operating costs will be just 7 to 9 cents per seat per mile,” or about $200 an hour for the whole aircraft, against about $1,000 for turboprop rivals.
Read the full article on Robb Report