Classic 500 LLC (Automatic – Orlando, FL/AeroDirect – Chicago, IL joint venture) contracted with Lufthansa German Airlines to purchase seven (7) B737-530 aircraft equipped with CFM56-3B1/-3C1 engines. The aircraft will be delivered in the 3rd and 4th quarters of 2011. Classic 500 LLC will process the equipment and offer the aircraft and engines for sale or lease as well as the material generated from airframe and engine tear downs.
Automatic subsidiary, Aircraft 24414 LLC, sold to MTU Maintenance Canada, Ltd. two (2) General Electric CF6-50E2 engines.
Automatic sold, on behalf of Lufthansa German Airlines, one (1) Cessna Citation business jet to European Aircraft Asset Management Ltd., Ireland. The aircraft is a 2009 vintage Citation XLS+.
Automatic sold, on behalf of Lufthansa German Airlines, three (3) Cessna Citation business jets to AvPro, Inc. of Annapolis, Maryland. The aircraft consisted of two (2) 2008 vintage Citation CJ3’s and one (1) 2009 Citation XLS+.
Automatic subsidiaries, Aircraft 23809 LLC and Aircraft 23810 LLC, purchased from CIT Aerospace, two (2) 1987 vintage B737-300QC aircraft with CFM56-3B1 engines subject to lease with Europe Air Post until second quarter 2012.