{"press_releases":[{"id":56360,"article":"•\tCaptain Ayman Alshammari and Ginny Sethi promoted to C-suite as Chief Operating Officer and Chief People Officer \r\n•\tPaul Carroll appointed Chief Commercial Officer\r\n\r\nJazeera Airways, Kuwait’s leading low-cost carrier, is proud to announce three C-suite leadership appointments to support a new era of growth.  \r\n\r\n◆\tCaptain Ayman Alshammari as Chief Operating Officer (COO) Capt. Ayman, formerly VP of Flight Operations at Jazeera, brings over 33 years of aviation leadership, including roles at Kuwait’s DGCA and Kuwait Airways. A specialist in training, safety, and regulatory oversight, he holds an IATA Airlines Operations Diploma and certifications from Cranfield University. Since joining Jazeera in 2018, he has been key to advancing flight operations, crew training, and operational excellence.\r\n\r\n◆\tGinny Sethi as Chief People Officer (CPO) Ginny has been with Jazeera since 2018 and has played a critical role in transforming the company’s culture and aligning people strategies with business goals. With more than 24 years of global HR experience and credentials including FCIPD, PMP™, GPHR®, SPHRi™, and SHRM-SCP, Ginny’s leadership will continue to be instrumental in building an inclusive, high-performing workplace.\r\n\r\n◆\tPaul Carroll as Chief Commercial Officer (CCO) joins Jazeera Airways from the AirAsia Group, where he served as Group Chief Commercial Officer. He brings with him over 20 years of aviation expertise spanning revenue management, ancillary revenue, network planning, marketing, and regulatory affairs across Asia Pacific, the Middle East, and Europe.\r\n\r\nPaul is poised to lead Jazeera’s expansion and drive commercial innovation, supporting plans to grow the fleet, network, and capacity. As CCO, he will also strengthen the airline’s digital and e-commerce presence while expanding ancillary offerings. \r\n\r\nBarathan Pasupathi, Chief Executive Officer, Jazeera Airways said: \"We are delighted to welcome Paul to the Jazeera family. As we chart a bold path forward, having top-tier talent on board is essential. Paul's deep expertise and innovative thinking will be key in driving our commercial strategy, supporting the expansion of our network, and helping us shape the future of customer experience through strong digital and direct channels. Having him in our leadership team marks a new era for Jazeera as we unlock further growth potential in the region.\"\r\n\r\nPaul commented: \"Joining Jazeera Airways at this transformative time is truly exciting. I look forward to working with the talented team to deliver on our ambitious roadmap, launch new routes, and strengthen customer experience and engagement through enhanced digital platforms, including a relaunch of our mobile app and website.\"\r\n\r\nBarathan highlighted \"We are also thrilled to see Capt. Ayman and Ginny appointed in these C-suite roles. Their vast expertise and leadership will be critical as we scale our operations to meet growing passenger demand. Capt. Ayman's commitment to safety, compliance, and operational excellence is unparalleled and Ginny's passion for people and commitment to excellence align perfectly with our vision of creating a dynamic and supportive culture that drives sustainable growth.\"\r\n\f\r\nGinny added: \"I am honored to step into the role of Chief People Officer at Jazeera Airways. It has been a rewarding journey with an incredible team, and I am excited to continue building innovative, people centric solutions that empower our employees and strengthen our culture. Our people are at the heart of everything we do at Jazeera, and I am deeply committed to fostering a workplace where they feel valued, inspired, and equipped to thrive.\"\r\n\r\nCapt. Ayman said \"It's a privilege to take on this role at such a dynamic time for Jazeera. As we grow and expand into new markets, my priority will be to ensure operational excellence, uphold the highest standards of safety, and drive efficiencies across all areas. I look forward to working with our talented teams to support Jazeera’s ambitious vision and deliver an exceptional travel experience to our customers.\"\r\n\r\nBarathan further emphasized, \"These appointments reinforce our commitment to building the leadership needed for Jazeera Airways’ strategic transformation focused on enhanced passenger experience and customer service. With 26 new Airbus aircraft including 18 A320s and 8 A321s on order and growing passenger traffic we are scaling operations, entering new markets, and accelerating our commercial and e-commerce strategy. This growth brings increased complexity, making it crucial to strengthen our leadership team to navigate the expanding fleet and markets.\"\r\n\r\nHe added, \"Aligned with the government’s focus on job creation, we also plan to generate almost 1,000 new roles at Jazeera and 5,000 indirect jobs in Kuwait over the next five years, supporting national employment goals while enhancing our operational capabilities and building technical capacity and skillsets in Kuwait.\"\r\n\r\nJazeera Airways currently serves more than 60 destinations and operates 24 aircraft across the Middle East, Europe, and Asia, and is positioning itself for significant expansion and digital transformation in the years ahead.\r\n","title":"Jazeera Airways Appoints C-suite Leadership  to Lead a New Era of Growth","slug":"jazeera-airways-appoints-c-suite-leadership--to-lead-a-new-era-of-growth","date":"2025-05-04","company":{"image_url":"/uploads/companies/924/jazeera_airways","name":"Jazeera Airways","id":924},"formatted_date":"04MAY2025"},{"id":56359,"article":"Avion Express, a globally leading narrow-body ACMI (Aircraft, Crew, Maintenance, and Insurance) operator, and part of Avia Solutions Group, is beginning preparations to obtain an Air Operator Certificate (AOC) in Mexico, and as part of this, the company is starting the recruitment process for the CEO of its Mexican ACMI start-up airline. Establishment of the Mexican AOC is part of a strategic initiative to expand the company’s footprint in key growth markets of Latin America.\r\n\r\nMexico offers strong potential for this expansion. According to the country’s National Institute of Statistics and Geography (INEGI), more than 45 million international tourists visited Mexico last year—the highest number since 2019. But the demand for flights isn't just driven by tourism. Air travel within Mexico plays a crucial role in connecting people across the country. In 2024 alone, more than 830,000 flights took place within Mexico, and local airlines served 596 city pairs, according to the Latin American \u0026 Caribbean Air Transport Association (ALTA).\r\n\r\nALTA also notes that in 2024, the average person in Mexico took 0.85 flights, which is significantly higher than the average of 0.62 flights per person across Latin America and the Caribbean. Between 2017 and 2024, domestic air travel in Mexico grew by 4.4% per year, while international travel increased by 3.7% annually.\r\n\r\nDarius Kajokas, CEO of Avion Express, stated: “As ACMI operator, we aim to support airlines by adding capacity when it’s needed most, particularly in response to demand fluctuations and seasonality in different markets. With a well-established presence in Europe, we are expanding our global footprint by focusing on countercyclical markets. Recently, we obtained an AOC in Brazil, and we see significant potential in Mexico, where we believe our services can deliver substantial value. Avion Express already has experience in this market through a long-term ACMI partnership, and our goal is to ensure sustained operations in the region.”\r\n\r\nObtaining an AOC in Mexico will significantly reinforce Avion Express’s standing as a global leader in ACMI solutions. Now the company is focused on building a professional team which would have deep expertise in the local market.\r\n\r\n“As an initial step, we are launching the recruitment process for the CEO of Avion Express Mexico, who will be responsible for building the team, leading the certification of the Mexican AOC, and later running the business once it becomes operational,” noted Darius Kajokas.\r\n\r\nAvion Express plans to secure the Mexican AOC within the next 24 months.\r\n\r\nThe ACMI business model is designed to help airlines manage seasonal fluctuations and operational challenges. Seasonal variations and shifting passenger demand highlight the value and efficiency of ACMI solutions. These solutions enable airlines to adjust their fleets as needed during peak travel seasons, providing flexibility to respond to market seasonality. Avion Express now operates 55 Airbus A320 family aircraft, serving multiple customer airlines around the world, including Eurowings, Flybondi, KM Malta, SunExpress, Transavia, Tunisair, Viva, Wizz Air, and many more.","title":"Avion Express starts to look for a CEO for its Mexican ACMI start-up airline","slug":"avion-express-starts-to-look-for-a-ceo-for-its-mexican-acmi-start-up-airline","date":"2025-05-02","company":{"image_url":"/uploads/companies/2951/avion_express","name":"Avion Express","id":2951},"formatted_date":"02MAY2025"},{"id":56358,"article":"Dublin | 2 May 2025: Avolon Holdings Limited (‘Avolon’), a leading global aviation finance company, announces it has raised US$1.0 billion in a new unsecured dual tranche bank facility (the ‘Facility’) with a syndicate of six banks in the Middle East.\r\n\r\nThe facility will contain a conventional and an Islamic tranche, with a four-year tenor.\r\n\r\nThe transaction builds on the US$750 million credit facility Avolon raised in June 2024, which had significant Middle East bank participation, and establishes relationships with five new banks in the region. \r\n\r\nEmirates NBD Capital Limited acted as coordinator, initial mandated lead arranger, and bookrunner on the transaction alongside Abu Dhabi Commercial Bank PJSC and Warba Bank K.S.C.P. as initial mandated lead arrangers and bookrunners.\r\n\r\nCombined with the US$1.1 billion senior unsecured facility announced on 29 April 2025, Avolon has raised US$2.1 billion in new unsecured facilities in Q2 2025.\r\n\r\nRoss O’Connor, Chief Financial Officer, Avolon commented: “This facility further expands our banking relationships in the Middle East consistent with our strategy of diversifying our sources of capital. It demonstrates the strong appetite in the region for high quality aviation lending opportunities, with Avolon’s positive financial trajectory and successful growth strategy ensuring the transaction was well supported.”","title":"Avolon Raises US$1.0 Billion In New Unsecured Bank Facility With Middle East Financial Institutions","slug":"avolon-raises-us-1-0-billion-in-new-unsecured-bank-facility-with-middle-east-financial-institutions","date":"2025-05-02","company":{"image_url":"/uploads/companies/689/avolon","name":"Avolon","id":689},"formatted_date":"02MAY2025"},{"id":56357,"article":"Doha, Qatar – Qatar Airways Cargo has been named launch customer of the Mammoth Freighters 777-200LRMF and has finalised an agreement for five (5) aircraft with Jetran, LLC - a Horseshoe Bay, Texas-based leader in aircraft leasing, sales, and aviation services. \r\n\r\nMark Drusch, Chief Officer Cargo at Qatar Airways Cargo commented: “As the launch customer of the Mammoth 777-200LRMF converted freighter, Qatar Airways Cargo proudly continues to lead global trade as the world’s largest air freight carrier. This additional freighter capacity will be instrumental in advancing our fleet growth and expanding the premium cargo services we provide to customers worldwide. The growth of our fleet with the Mammoth 777s reflects our commitment to operating the largest freighter network and fleet in the industry.\r\n\r\nMammoth Freighters LLC (“Mammoth”) has also announced the successful completion of the initial test flight of its 777-200LRMF prototype freighter.  The prototype aircraft, now registered as N705DN, took to the skies following an extensive and rigorous conversion process at Mammoth’s modification partner facility, Aspire MRO, in Fort Worth, Texas. This achievement demonstrates the advanced capabilities of the Mammoth 777-200LRMF, designed to set new standards for productivity and economy in the long-range widebody freighter market.\r\n\r\n“This milestone is the culmination of years of dedicated engineering, collaboration, and innovation. Our mission is to deliver one of the world’s most productive and economical long-range freighters, and today’s achievement is a testament to the hard work and expertise of our entire team and partners.” said Bill Tarpley, CEO of Mammoth. “We are also thrilled to announce Qatar Airways Cargo as the launch customer for our 777-200LRMF freighter. Their commitment reflects the long-term value and capabilities this aircraft offers.”\r\n\r\n“Witnessing the successful completion of the 777-200LRMF’s initial test flight was both exciting and reassuring,” said Jetran’s CEO, Jordan Jaffe. “The aircraft exceeded expectations and reinforced our confidence in Mammoth’s engineering and conversion capabilities. We’re proud to have Qatar Airways Cargo play such a prominent role as launch customer for this groundbreaking program and look forward to its certification and entry into service.”\r\n\r\nThe Mammoth 777-200LRMF features the advanced Collins Aerospace cargo loading system, specifically optimized for the 777 passenger-to-freighter market. This system, developed over three years of close collaboration, ensures high levels of parts commonality and operational reliability—attributes already proven on 777 production freighters worldwide\r\n\r\nCurrently, Mammoth has seven (7) 777-200/-300 aircraft undergoing conversion: five (5) at Aspire MRO in Fort Worth, Texas, and two (2) at STS Aviation Services in Manchester, UK. The company holds firm orders for 35 freighter conversions across a diverse portfolio of customers.\r\n","title":"Qatar Airways Cargo Named Launch Customer of Mammoth Freighters 777-200LRMF ","slug":"qatar-airways-cargo-named-launch-customer-of-mammoth-freighters-777-200lrmf-","date":"2025-05-02","company":{"image_url":"/uploads/companies/437/qatar_airways","name":"Qatar Airways","id":437},"formatted_date":"02MAY2025"},{"id":56356,"article":"·         James Hogan and James Rigney appointed as strategic advisers for next stage of A380 developments\r\n·         Knighthood to become a shareholder in Global\r\n \r\nLondon, Thursday 1 May, 2025\r\n \r\nGlobal Airlines has appointed Knighthood Global as strategic advisers to support the next stages of its development towards operations.\r\n \r\nGlobal Founder and CEO, James Asquith, will work closely with Knighthood industry veterans, James Hogan and James Rigney, who will provide key strategic advice and support, adding significant executive experience across Global’s finance and operations divisions, and supporting Global in raising finance. Knighthood will also become a shareholder in Global and will focus on the strategy for the next chapters of building the Global business, while progressing the UK AOC application.\r\n \r\nKnighthood will also advise Global on building the required company, regulatory and operational infrastructure before expanding operations.\r\n \r\nAs CEO of Etihad Airways between 2006 and 2017, James Hogan led the launch of the airline’s flagship Airbus A380 aircraft in 2014 and the airline’s unique award-winning services.\r\n \r\nFollowing an extensive interior overhaul and a comprehensive maintenance programme, the first owned Global A380, will shortly carry the first passengers with operating partner, Hi Fly.\r\n \r\nGlobal intends to introduce further widebody aircraft in 2025 before announcing a timeline for scheduled operations. During the past year, Global has successfully inducted one A380 into service, and is now progressing with the acquisitions of further A380 aircraft scheduled for entry into service.\r\n \r\nThe appointment of the Knighthood Global team as key partners and strategic advisers to the board and executive team at Global highlights another key milestone in building the best team in aviation to drive the ambitious Global vision in the years ahead.  As the first Global owned A380 prepares to take to the skies with its first passengers, the Global team and partners have achieved what many thought was impossible and are now focused on the next phase of development.","title":"Knighthood Global Appointed as Advisors to Global","slug":"knighthood-global-appointed-as-advisors-to-global","date":"2025-05-01","company":{"image_url":"/uploads/companies/5042/global_airlines","name":"Global Airlines","id":5042},"formatted_date":"01MAY2025"},{"id":56355,"article":"Expansion of CMA CGM Group’s European air fleet through the integration of Air Belgium’s aircraft.\r\n\r\n124 jobs preserved, including 72 pilot positions, thanks to the acquisition of Air Belgium’s cargo operations.\r\n\r\nContinuation of the Air Belgium brand, an iconic Belgian airline, which will maintain operations within the CMA CGM Group’s specialized air cargo division.\r\n\r\nLong-term continuation of air freight activities in Belgium, developing solutions tailored to the needs of the Group’s customers.\r\n\r\nThe CMA CGM Group, a global player in sea, land, air and logistics solutions, today announces the transfer of assets from Air Belgium, following the approval by the Brabant Wallon Commercial Court of its binding offer for the takeover of Air Belgium’s cargo operations and the conclusion of the asset transfer agreement with the liquidator.\r\n\r\nThis operation ensures the preservation of the Air Belgium brand, employment, and the expertise of the Belgian teams while maintaining a robust air cargo network that addresses market demands. This move aligns with the CMA CGM Group’s strategy to offer European clients comprehensive and flexible logistics solutions amid global logistical challenges.\r\n\r\n \r\nPreserving jobs and the brand to build a high-performing offering\r\nWith this acquisition, CMA CGM sustainably preserves 124 skilled positions, including 72 pilots and 52 operational and support staff. The expertise of these teams is a key asset in developing a high-performing service that meets market expectations.\r\n\r\nThe Group has also chosen to retain the Air Belgium brand, an iconic name in the Belgian aviation landscape, combining local expertise with international standards in air cargo transport.\r\n\r\n \r\n\r\nStrengthening CMA CGM Group’s air fleet to build tailored solutions\r\nThis acquisition immediately enhances CMA CGM Group’s air freight capabilities by adding Air Belgium’s aircraft capacity. Operated from Belgium, these aircraft will enable the creation of tailored solutions for forwarders, shippers, and the broader logistics ecosystem.\r\n\r\n \r\n\r\nDamien MAZAUDIER, Executive Vice President of the Air Division at CMA CGM Group, stated: “The acquisition of Air Belgium marks an important step in the expansion of the CMA CGM Group’s air freight operations in Europe and worldwide. It immediately strengthens our air capacity while addressing current logistical challenges. By preserving skilled jobs and accelerating the development of our network, this operation demonstrates our commitment to our customers and our ability to anticipate market evolutions.”\r\n\r\n \r\n\r\nAccelerating the expansion of the Group’s air division in Europe and worldwide\r\nThis acquisition strengthens the Group’s presence in Europe and worldwide, complementing CMA CGM AIR CARGO operations at Paris-Charles de Gaulle. Currently, CMA CGM AIR CARGO operates regular services with two Boeing 777F aircraft to Hong Kong and Shanghai and one Airbus A330F to Zhengzhou.\r\n\r\nThis acquisition continues the partnership established between 2021 and 2023, during which CMA CGM AIR CARGO entrusted Air Belgium with operating its four Airbus A330F aircraft from Liège hub before obtaining its own French air operator certificate and establishing operations at Paris-Charles de Gaulle.\r\n\r\n \r\nContinuing development in the United States with a hub in Chicago\r\nAlongside European expansion, CMA CGM Group has established an air freight hub in Chicago. This hub currently hosts two Boeing 777F aircraft operated by Atlas Air under the CMA CGM AIR CARGO brand, with three additional aircraft to be added soon. These planes will strengthen the Group’s presence on transpacific routes and support the expansion of its cargo activities in the American market.\r\n\r\n \r\nProviding air freight solutions complementary to logistics and maritime services\r\nLaunched in March 2021, CMA CGM AIR CARGO marks a significant step in implementing the CMA CGM Group’s strategy to offer comprehensive maritime, land, air, and logistics solutions. This integrated approach enables the Group to provide tailor-made multimodal solutions to its customers, including last-mile delivery.\r\n\r\nToday, CMA CGM Group operates an air cargo fleet of 9 aircraft: four Boeing 777Fs, three Airbus A330Fs, and two Boeing 747Fs. The fleet will soon be reinforced by an additional Boeing 777F and further expanded from 2027 onward with the arrival of eight Airbus A350Fs.\r\n\r\nThese aircraft operate from strategic hubs in France, the United States, and Belgium, ensuring optimal connectivity across key global air cargo routes.","title":"The CMA CGM Group accelerates its development in air freight in Europe with the acquisition of Air Belgium","slug":"the-cma-cgm-group-accelerates-its-development-in-air-freight-in-europe-with-the-acquisition-of-air-belgium","date":"2025-05-01","company":{"image_url":"/uploads/companies/4770/cma_cgm_air_cargo","name":"CMA CGM Air Cargo","id":4770},"formatted_date":"01MAY2025"},{"id":56354,"article":"DUBLIN, Ireland - FLY4 Airlines is proud to announce the start of its expanded ACMI summer flying programme for TUI, with operations officially launching from 1 May 2025. Following the success of its first year, FLY4 returns to support TUI with a significantly scaled-up operation across three UK regional bases: Norwich (NWI), Birmingham (BHX) and East Midlands Airport (EMA). \r\n\r\nMeticulous preparation for a seamless summer \r\n\r\nBuilding on valuable insights gained during its inaugural season, FLY4 has spent the last six months preparing for the busy summer ahead. The airline has recruited additional pilots and implemented an extensive, operation-specific training programme to ensure its crews are fully ready to deliver an exceptional flying experience. \r\n\r\nClose collaboration with TUI has been key to aligning on scheduling and capacity planning, allowing both teams to optimise the summer flying programme for reliability and resilience. In parallel, FLY4 has worked closely with its maintenance partners to ensure its Boeing 737-800 fleet is fully prepared for the demands of peak season flying. \r\n\r\n“Going into our second year of operation, we are delighted to be operating for our client TUI again with an even bigger programme this summer from three bases,” commented Jochen Schnadt, CEO and Accountability Manager at FLY4 Airlines. “The FLY4 team has been closely working with our colleagues at TUI over the last few months to be as prepared as we can be to operate a safe, resilient and reliable operation on behalf of TUI, providing our Guests with a safe, pleasant and comfortable flight experience when travelling for their holidays this summer.” \r\n\r\nA growing regional presence \r\n\r\nFLY4’s 2025 summer programme will see the airline operate more than 2,200 flights from its three UK bases, flying to 25 popular holiday destinations across Europe. This expanded footprint reflects the growing strength of FLY4’s ACMI offering and its ability to deliver quality-focused operations at scale. \r\n\r\nThe airline’s regional operations demonstrate FLY4’s commitment to providing flexible, dependable capacity solutions that align with the needs of its partners and the expectations of their customers. \r\n\r\nA shared commitment to quality and guest experience \r\n\r\nAt the heart of FLY4’s partnership with TUI is a shared commitment to safety, performance and guest satisfaction. With a modern fleet of Boeing 737-800 aircraft, a passionate team and a values-driven approach centred around purpose, passion, people and performance, FLY4 is well positioned to support another successful summer season. \r\n\r\nAs operations commence this week, FLY4 looks forward to welcoming TUI Guests onboard and delivering the same high standards of safety, reliability and comfort that have become hallmarks of the FLY4 experience. ","title":"FLY4 Airlines launches expanded summer ACMI programme for TUI from three UK bases","slug":"fly4-airlines-launches-expanded-summer-acmi-programme-for-tui-from-three-uk-bases","date":"2025-05-01","company":{"image_url":"/uploads/companies/5092/fly4_airlines","name":"FLY4 Airlines","id":5092},"formatted_date":"01MAY2025"},{"id":56353,"article":"São Paulo, April 30, 2025 - Azul S.A., “Azul” (B3: AZUL4, NYSE: AZUL) announces today that it has obtained from its existing bondholders approximately R$600 million in additional funding. This agreement strengthens Azul’s liquidity position after the debt conversion where 35% of the notes due in 2029 and 2030 were converted into preferred shares.\r\n\r\nThe BRL Denominated Secured Notes (the “Notes”) are issued by Azul Secured Finance II LLP and guaranteed by Azul and certain of its subsidiaries. The Notes are secured by certain credit and debit card receivables generated by our passenger airline business. The Notes have a maturity of six months and are prepayable in the event that Azul receives any public-backed financing. The issuance of the Notes did not require any amendment to, or waiver under, any of Azul’s existing secured notes and secured convertible debentures.\r\n\r\nAzul continues to work with stakeholders to further strengthen its financial position. Azul will keep its shareholders and the general market updated in relation to any material developments related to the matters addressed in this Notice to the Market, in accordance with applicable regulations.","title":"Azul Obtains Additional Funding from Existing Bondholders","slug":"azul-obtains-additional-funding-from-existing-bondholders","date":"2025-04-30","company":{"image_url":"/uploads/companies/488/azul_linhas_aereas","name":"Azul Linhas Aereas","id":488},"formatted_date":"30APR2025"},{"id":56352,"article":"NEWPORT BEACH, Calif. (April 29, 2025) – Aviation Capital Group LLC (ACG), a premier global full-service aircraft asset manager, is pleased to announce that it has signed a definitive agreement with Avolon Aerospace Leasing Limited (Avolon) to acquire 20 aircraft. This portfolio includes 16 narrowbody aircraft, of which 12 are new technology, and 4 wide-body aircraft, all of which are new technology. The average age of the portfolio is approximately 4.1 years, and the average remaining lease term is approximately 8.4 years. The aircraft are on lease to 17 airlines across 16 countries, including 6 airlines that are new customers for ACG.\r\n\r\n“These aircraft are an excellent complement to our existing portfolio. This acquisition, with a trusted partner in Avolon, reflects ACG’s strategic focus on growth, commitment to invest in fuel-efficient new technology aircraft, and ability to transact at scale,” said Thomas Baker, CEO and President of ACG. “ACG will continue to seek out further scaled investment opportunities as we accelerate our growth momentum.”\r\n\r\n“We are delighted to further strengthen our relationship with ACG with this 20 aircraft portfolio transaction,” said Ross O’Connor, Chief Financial Officer at Avolon. “ACG has a proven capability to transact at scale and we look forward to working closely together to complete the aircraft transfers in the coming months.”  ","title":"Aviation Capital Group Signs Definitive Agreement to Acquire 20 Aircraft","slug":"aviation-capital-group-signs-definitive-agreement-to-acquire-20-aircraft","date":"2025-04-29","company":{"image_url":"/uploads/companies/1026/aviation_capital_group","name":"Aviation Capital Group","id":1026},"formatted_date":"29APR2025"},{"id":56351,"article":"NEW YORK, April 29, 2025 -- Ashland Place Finance LLC (\"Ashland Place\"), a commercial aviation financing platform, today announced the completion of two new facilities for Sirius Aviation Capital Holdings Limited (\"Sirius\"), a global aircraft lessor based in Abu Dhabi Global Market. Both A320-200s, the aircraft are currently operating on lease to ANA's Peach Aviation Limited (\"Peach\") in Japan and Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR) (\"Volaris\") in Mexico.\r\n \r\n\"Ashland Place is appreciative of the collaboration with the Sirius team to complete these two additional transactions,\" said Jennifer Villa, Ashland Place's Executive Director and Group Head. \"Our team is proud to have worked with Sirius again, and we look forward to future financings.\"\r\n \r\nEdward Coughlan, Chief Executive Officer of Sirius, said, \"Ashland Place is a trusted partner.  We are pleased with Jennifer and her team's deep expertise and ability to provide innovative, specialized financings.\"\r\n \r\nA\u0026O Shearman served as legal counsel for Ashland Place and McCann Fitzgerald LLP represented Sirius on these transactions.","title":"Ashland Place Completes Two New Financing Facilities for Sirius Aviation Capital","slug":"ashland-place-completes-two-new-financing-facilities-for-sirius-aviation-capital","date":"2025-04-29","company":{"image_url":"/uploads/companies/4814/ashland_place_finance","name":"Ashland Place Finance","id":4814},"formatted_date":"29APR2025"},{"id":56350,"article":"Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”), the leading lessor of commercial aircraft engines and global provider of aviation services, today announced the closing of three Japanese operating lease with call option (“JOLCO”) transactions, totaling US$64.8 million in financing. Two of the loans closed in the first quarter of 2025 for a PW1127GA-JM engine and a PW1133G-JM engine, respectively, and mature in 2033. The third loan closed in April of 2025 for a LEAP-1A engine and matures in 2034. These transactions bring WLFC’s total JOLCO financings to approximately US$119.8 million.\r\n\r\n“The JOLCO market remains an attractive way to diversify financing options and we’re proud to deepen our relationship with Japanese counterparties,” said Scott B. Flaherty, WLFC EVP and Chief Financial Officer. “Through global capital sources like this, WLFC is able to offer our airline customers compelling lease and financing solutions.”\r\n\r\nWLFC closed its first JOLCO engine transaction in August of 2023.","title":"Willis Lease Finance Corporation Closes Three Additional JOLCO Deals, Bringing Total JOLCO Financings to Nearly $120M","slug":"willis-lease-finance-corporation-closes-three-additional-jolco-deals--bringing-total-jolco-financings-to-nearly--120m","date":"2025-04-29","company":{"image_url":"/uploads/companies/594/willis_lease_finance","name":"Willis Lease Finance","id":594},"formatted_date":"29APR2025"},{"id":56349,"article":"Spirit AeroSystems Holdings, Inc. [NYSE: SPR] announced that Spirit has entered into a definitive agreement with Airbus SE to transfer ownership of certain assets and sites involved in the production of Airbus aerostructures to Airbus. The divestiture of these assets is expected to close concurrently with Spirit's previously announced acquisition by The Boeing Company.  Both transactions are subject to regulatory approvals, among other closing conditions, and are expected to close in the third quarter of 2025. \r\n\r\nAt the closing of this transaction, Airbus will take ownership of the following Spirit assets:\r\n\r\nthe site of Kinston, North Carolina, U.S. (A350 fuselage sections);\r\nthe site of St. Nazaire, France (A350 fuselage sections);\r\nthe site of Casablanca, Morocco (A321 and A220 components);\r\nthe production of components for the A320 and A350 wings in Prestwick, Scotland;\r\nthe production of A220 pylons in Wichita, Kansas, U.S.;\r\nthe production of A220 wings in Belfast, Northern Ireland; and\r\nif a suitable buyer is not identified for the remainder of the Belfast site, the production of the A220 mid-fuselage.\r\nThe assets in Subang, Malaysia related to Airbus programs will also be acquired by Airbus if no suitable buyer is identified before the closing of the transaction.\r\n\r\n\"For many years, Spirit's collaboration with Airbus allowed us to deliver aerostructures for some of their most important aircraft programs,\" said Irene Esteves, Spirit AeroSystems Executive Vice President and Chief Financial Officer. \"Entering into this agreement is a significant milestone as we work towards the closing of the Boeing acquisition, to the benefit of Spirit, its stockholders and other stakeholders.\"\r\n\r\nSpirit also announced today that it has entered into a memorandum of agreement with Airbus. In this agreement, Airbus has agreed to, among other things, provide Spirit with non-interest-bearing lines of credit in an aggregate amount of $200 million, which will be used by Spirit to support Airbus programs.","title":"Spirit AeroSystems Signs Divestiture Agreement with Airbus","slug":"spirit-aerosystems-signs-divestiture-agreement-with-airbus","date":"2025-04-28","company":{"image_url":"/uploads/companies/631/spirit_aerosystems","name":"Spirit AeroSystems","id":631},"formatted_date":"28APR2025"},{"id":56348,"article":"Hanoi, April 24, 2025 – Vietnam Airlines has signed a Memorandum of Understanding (MoU) with Vietcombank (Joint Stock Commercial Bank for Foreign Trade of Vietnam) to arrange financing for the purchase of 50 new narrow-body aircraft. This agreement marks a significant step in Vietnam Airlines’ fleet renewal strategy and reflects the shared commitment of two leading state-owned enterprises to national development and economic growth.\r\n\r\nStrategic fleet expansion backed by a leading financial institution\r\n\r\nUnder the MoU, Vietcombank will provide comprehensive financial support—including advance payments and long-term loans—for aircraft deliveries scheduled between 2026 and 2032. With a strong track record in funding major infrastructure initiatives, Vietcombank will collaborate closely with Vietnam Airlines to ensure a sustainable and strategic financing approach.\r\n\r\nThis investment serves as a cornerstone of Vietnam Airlines’ long-term fleet strategy for 2025–2035, with a vision extending to 2040. It will significantly strengthen the airline’s operational capacity, enable a modernized fleet, and support expansion across key short- and medium-haul destinations, including Southeast Asia, Northeast Asia, and Vietnam’s rapidly growing domestic network. The introduction of next-generation aircraft will improve fuel efficiency, lower carbon emissions, and strengthen Vietnam Airlines' commitment to sustainability. Passengers can look forward to a more modern, comfortable, and eco-friendly travel experience.\r\n\r\nExpanding its narrow-body fleet will enable Vietnam Airlines to enhance operational flexibility, diversify service offerings, and deliver a better passenger experience. This strategic move underscores the airline’s ongoing commitment to customer satisfaction, market competitiveness, and strengthening Vietnam’s presence on the global aviation map.\r\n\r\nStrategic Collaboration Between National Leaders\r\n\r\nVietnam Airlines and Vietcombank, two of Vietnam’s leading state-owned enterprises, continue to play pioneering roles in advancing the country’s sustainable development and global integration through impactful partnerships.\r\n\r\nAs the national flag carrier, Vietnam Airlines is instrumental in connecting Vietnam with the world. With a growing international network and operational strength, the airline is expanding routes to key economic, cultural, and tourism destinations. This not only supports bilateral trade and tourism but also strengthens Vietnam’s international influence.\r\n\r\nVietcombank, one of Vietnam’s most influential commercial banks, plays a crucial role in providing financial solutions for major national infrastructure projects, including in the aviation sector. With decades of experience in structuring complex financial deals, the bank has been a vital partner in Vietnam Airlines' fleet development over the past decade.\r\n\r\nThis partnership has already supported several key projects, including the acquisition of wide-body aircraft like the Airbus A350 and Boeing 787, as well as the expansion of the Airbus A321 fleet. Their latest collaboration, securing funding for 50 narrow-body aircraft, further solidifies this long-standing relationship and showcases the strategic foresight of both parties in advancing national development.\r\n","title":"Vietnam Airlines Signs MoU with Vietcombank to Secure Financing for 50 Narrow-body Aircraft Expansion","slug":"vietnam-airlines-signs-mou-with-vietcombank-to-secure-financing-for-50-narrow-body-aircraft-expansion","date":"2025-04-25","company":{"image_url":"/uploads/companies/135/vietnam_airlines","name":"Vietnam Airlines","id":135},"formatted_date":"25APR2025"},{"id":56347,"article":"The collaboration targets growing converted freighter aircraft demand in India and emerging markets\r\n\r\nDresden, Germany and Singapore, 25 April 2025 – Elbe Flugzeugwerke (EFW), centre of excellence for Airbus freighter conversions, today announced it has signed an agreement with Confity Capital Partners (Confity), a UAE-based growth equity and investment firm, on a multi-aircraft order for its Airbus A330 Passenger-to-Freighter (P2F) programme. This order is part of a new partnership between Confity and EFW to bring the latter’s widebody Airbus P2F solution to operators in India in support of the sub-continent’s fast-growing freight market, as well as to global customers in other emerging markets. The strategic push into India follows EFW’s successful introduction of its standard body A321P2F and A320P2F freighter aircraft to its market in 2022.\r\n\r\nThe A330P2F conversions for Confity will be performed starting end-2025 at EFW’s facility in Dresden, Germany and at its partner conversion sites across the globe. Jet Freight Logistics, a listed Mumbai-based cargo service provider with extensive experience spanning over four decades, will be the launch customer and the first Indian cargo airline to operate the widebody Airbus P2F platform. \r\n\r\n“We are excited to enter into this strategic partnership with Confity to jointly provide new-generation Airbus converted widebody freighters to the Indian air cargo market,” said Lee London, SVP Marketing \u0026 Sales, EFW. “Driven by e-commerce, domestic consumption, rising exports and infrastructure improvements, India's air cargo market is expected to grow rapidly and hit record volumes in the years to come. Our Airbus P2F programmes can serve as a strong enabler in this trajectory, helping Indian operators and the cargo market maintain their upward momentum with proven aircraft freighter solutions.”\r\n\r\n“We are delighted to join forces with EFW on this multi-aircraft A330 P2F conversion programme,” said Sia Ashok, Managing Partner at Confity. “This collaboration is a strategic step forward in our mission to build future-ready cargo infrastructure, driven by demand for efficient widebody freighter capacity across emerging and established markets. The A330 platform aligns perfectly with our investment thesis, combining operational versatility with long-term asset value. We look forward to delivering impactful outcomes for our partners, stakeholders and the global aviation ecosystem.”\r\n\r\n“For us at Confity Capital Partners, after identifying the need and the possible partners, it was imperative to partner with the leading technical experts of this field,” said Amit Baum, Senior Partner at Confity. “From a broader view, having EFW experts partner with us on this project is a major technical risk reduction as they have proven their capabilities. We can also say we are already looking beyond this project and have additional plans for cooperation in the near future.”\r\n\r\nThe A330P2F programme comes in two variants – the A330-200P2F and the A330-300P2F – both of which are equipped with advanced technology that offer airlines impressive operational and economic benefits. The A330-200P2F can carry a gross payload of up to 60 tonnes for over 7,700 km, while the A330-300P2F offers a gross payload of up to 62 tonnes and a containerised volume of up to ~18,581ft3 (~526m3), bringing a new paradigm of efficiency with up to 23 percent more cargo volume than other freighter aircraft in the same class.\r\n","title":"EFW and Confity Capital Partners Sign Multi-Aircraft A330P2F Conversion Agreement","slug":"efw-and-confity-capital-partners-sign-multi-aircraft-a330p2f-conversion-agreement","date":"2025-04-25","company":{"image_url":"/uploads/companies/734/efw","name":"EFW","id":734},"formatted_date":"25APR2025"},{"id":56346,"article":"Air Serbia welcomed its new Embraer E-195 aircraft today at Belgrade Nikola Tesla Airport. The latest addition to the Serbian national carrier’s fleet bears the registration YU-ATC, was manufactured in 2014, and features a configuration of 118 seats. After completing all the necessary procedures, the aircraft will enter service and begin flying to European cities within Air Serbia’s network.\r\n \r\n“As part of our strategic vision, Air Serbia continuously modernises its fleet to provide passengers with a high level of service. Since the beginning of 2022, our fleet has been strengthened with 18 new aircraft, marking a significant step towards improving operational efficiency and capacity. New and more modern aircraft allow us to expand operations and connect Belgrade even better with European destinations. With the arrival of the new Embraer, we will offer passengers an enhanced level of comfort and convenience during their journey,” said Jiri Marek, CEO of Air Serbia.\r\n \r\nThe new aircraft of the national airline of the Republic of Serbia is equipped with General Electric engines with a thrust of 82.29 kN, a wingspan of 28.72 metres, and a length of approximately 38.67 metres. It can fly at a maximum altitude of 41,000 feet. \r\n \r\nAir Serbia’s fleet currently consists of a total of 29 aircraft, including four wide-body Airbus A330-200s, three A320-200s, ten A319-100s, two Embraer E-195s, and ten ATR 72-600 aircraft.","title":"Air Serbia Expands Its Fleet ","slug":"air-serbia-expands-its-fleet-","date":"2025-04-24","company":{"image_url":"/uploads/companies/3792/air_serbia","name":"Air Serbia","id":3792},"formatted_date":"24APR2025"},{"id":56345,"article":"SMBC Aviation Capital is delighted to announce the SLB (Sale and Leaseback) of five (5) Boeing 737 MAX 8 aircraft with Arajet, scheduled to deliver in 2026 and 2027.\r\n\r\nThis pivotal milestone underscores our commitment to supporting Arajet's growth and expansion plans while reinforcing our position as a leading player in the global aviation leasing market.\r\n\r\nConor Stafford, Head of Airline Marketing, SMBC Aviation Capital, commented: “We are happy to partner with Arajet on this significant deal and welcome them as a new customer of SMBC Aviation Capital. This deal marks the start of our collaboration, and we are confident that these aircraft will greatly contribute to Arajet's success. This milestone reflects our dedication to providing tailored leasing solutions that meet the evolving needs of our clients.”\r\n\r\nVíctor Pacheco Méndez, CEO of Arajet, said: “We are thrilled to continue our partnership with SMBC Aviation Capital as we expand our fleet with the addition of these state-of-the-art Boeing 737 MAX 8 aircraft. This agreement supports our mission to provide safe, efficient, comfortable, and affordable travel options across the Americas. The trust and collaboration shown by SMBC Aviation Capital reflects the strength of Arajet’s business model and our shared commitment to innovation and sustainable growth in the aviation sector.”","title":"SMBC Aviation Capital signs lease agreements with new customer Arajet for 5 Boeing 737 MAX 8","slug":"smbc-aviation-capital-signs-lease-agreements-with-new-customer-arajet-for-5-boeing-737-max-8","date":"2025-04-24","company":{"image_url":"/uploads/companies/3591/smbc_aviation_capital","name":"SMBC Aviation Capital","id":3591},"formatted_date":"24APR2025"},{"id":56344,"article":"Collaboration includes a path for United to purchase up to 200 airplanes1\r\n\r\nJetZero's Z4 blended wing body or \"all wing\" design has the potential to enhance passenger experience and improve fuel efficiency by up to 50%2 \r\n\r\nJetZero was awarded a $235 million contract by the U.S. Air Force to fast-track the development of its commercial demonstrator with first flight expected in 2027\r\n\r\nCHICAGO, April 24, 2025 -- United today announced an investment in blended wing body (BWB) aircraft start-up JetZero. The company is creating an aircraft design that has the potential to deliver jet fuel efficiency and a greatly enhanced customer experience. The investment includes a path to order up to 100 airplanes and an option for an additional 100. The conditional purchase agreement is based on JetZero achieving development milestones, including flight of a full-scale demonstrator in 2027, among other conditions, including that the aircraft meet United's safety, business and operating requirements.\r\n\r\nJetZero's innovative design reduces drag and produces lift across the entire wingspan, which could lead to as much as 50% reduction in fuel burn per passenger mile compared to a similar sized aircraft. The technology could potentially help United lower its carbon emissions while reducing the cost of operations. In 2023, the U.S. Air Force announced a $235 million contract to JetZero to fast-track the development of JetZero's full scale demonstrator. The JetZero Z4 airplane is designed to accommodate 250 passengers and fly on conventional jet fuel, with propulsion systems able to utilize sustainable aviation fuel blends.\r\n\r\n\"If successful, JetZero has the potential to evolve our core mainline business by developing aircraft with a bigger, more comfortable cabin experience for our customers while increasing fuel efficiency across our network,\" said Andrew Chang, head of United Airlines Ventures (UAV). \"United Airlines Ventures® was created to support our efforts to find innovative companies that can enhance the customer travel experience and help the airline lower its carbon footprint, and we believe JetZero reflects that philosophy.\"\r\n\r\n\"United's investment in our company signals the industry's belief that new, innovative technology is needed in order to achieve the efficiency and cost savings that will be required to meet the continued growth in demand for air travel across the globe,\" said Tom O'Leary, CEO and co-founder of JetZero. \"JetZero is focused on one key technology – the airframe – that enables us to address all of the barriers to growth. This program is the only one in development today that promises efficiency and an elevated customer experience.\"\r\n\r\nBoth the airplane's shape, and the way JetZero plans to enter the plane into service, address industry pain points. The design contributes to a more efficient operation due to its shape and the higher altitude at which it will fly. For instance, a flight from New York/Newark to Palma de Mallorca, Spain would use up to 45 percent less fuel compared to the twin-aisle aircraft that operate that route today. The airplane also is expected to integrate readily into today's airport infrastructure, requiring no new accommodations for jet bridges, runways or taxiways.\r\n\r\nThe aircraft design has the potential to also offer improvements to the passenger experience like flexible seating options, larger seats across all classes and dedicated overhead bin space for each seat. Additionally, the design streamlines the boarding process with a main boarding door that is wider than that of a comparably sized aircraft, leading to multiple aisles and passenger cabin bays for more efficient passenger distribution. It may further enhance accessibility by featuring wider aisles and handicap-accessible lavatories, creating a comfortable travel environment for all passengers and in-flight crew.\r\n\r\nJetZero's agreement with the Air Force focuses on advancing airframe technology and capabilities, showcasing its potential, and providing the Department of Defense and commercial industry more options to reduce fuel consumption and emissions. Several military aircraft configurations can be made with this design, including air transport and refueling tanker variants, which collectively account for approximately 60% of the Air Force's total annual jet fuel consumption.\r\n\r\nUnited's corporate venture capital fund, United Airlines Ventures, enables the airline to invest in emerging companies that have the potential to influence the future of travel. UAV has made investments in start-ups developing innovative technologies that have the potential to revolutionize aerospace developments, create value for customers and United's operation and complement United's goal of net zero emissions by 2050. UAV has made a number of alternative aircraft investments including:","title":"United Invests in Next Generation Blended Wing Aircraft Start-Up JetZero","slug":"united-invests-in-next-generation-blended-wing-aircraft-start-up-jetzero","date":"2025-04-24","company":{"image_url":"/uploads/companies/395/united_airlines","name":"United Airlines","id":395},"formatted_date":"24APR2025"},{"id":56343,"article":"Toulouse, France, 23 April 2025 – Saudia Group has disclosed an order with Airbus for 10 A330-900 aircraft for its subsidiary flyadeal. It marks the first widebody order for the subsidiary and paves the way for new long-haul services and enhanced passenger experience, whilst advancing the airline’s goal of operating the youngest fleet among the Middle East’s low-cost airlines.\r\n\r\nThe agreement was announced at a signing ceremony held at Airbus’ facilities in Toulouse in the presence of His Excellency Engr. Ibrahim Al-Omar, Director General of Saudia Group, Christian Scherer, CEO Commercial Aircraft at Airbus, Saleh Eid, Vice President of Fleet Management and Agreements at Saudia Group and Benoît de Saint-Exupéry, EVP Sales Commercial Aircraft at Airbus.\r\n\r\nH.E. Engr. Ibrahim Al-Omar stated: \"This deal marks a pivotal milestone in our ambitious strategy to modernise and expand our fleet. It builds on last year’s historic deal with Airbus for 105 aircraft. This step aligns with our national strategies under Saudi Vision 2030, which aims to connect 250 destinations and facilitate the travel of over 330 million travelers and 150 million tourists by 2030”.\r\n\r\nBenoît de Saint-Exupéry said: “Saudia Group’s A330neo order for flyadeal marks a key step in advancing the Kingdom’s aviation ambition to unlock long-haul markets and attract new customers. The A330neo’s proven versatility, new generation efficiency, and excellent passenger experience will perfectly support Saudia Group’s strategic growth and solidify their position as a global aviation leader. We look forward to seeing the versatile champion fly in flyadeal colours.\"\r\n\r\nSaudia Group ordered 105 Airbus aircraft, including 54 A321neo aircraft for flyadeal in May 2024. Currently, flyadeal operates a fleet of 37 A320 Family aircraft and Saudia a fleet of 93 A320 Family and A330 aircraft. \r\n\r\nPowered by the latest generation Rolls-Royce Trent 7000 engines, the A330-900 is capable of flying 7,200 nm / 13,300 km non-stop. The A330neo features the award-winning Airspace cabin, which offers passengers a unique experience, high level of comfort, ambience, and design. This includes more individual space, enlarged overhead bins, a new lighting system and access to the latest in-flight entertainment and connectivity systems. \r\n\r\nAt the end of March 2025, the A330 Family had won over 1,800 firm orders from more than 130 customers worldwide. As with all Airbus aircraft, the A330 family is already able to operate with up to 50% Sustainable Aviation Fuel (SAF) and is targeting up to 100% SAF capability by 2030.","title":"Saudia Group discloses order for 10 Airbus A330neo aircraft for flyadeal","slug":"saudia-group-discloses-order-for-10-airbus-a330neo-aircraft-for-flyadeal","date":"2025-04-23","company":{"image_url":"/uploads/companies/484/airbus","name":"Airbus","id":484},"formatted_date":"23APR2025"},{"id":56342,"article":"BOC Aviation Limited (“BOC Aviation” or the “Company”) is pleased to announce that it has placed five Airbus A321NEO aircraft from its orderbook with Thai Airways International Public Company Limited (“THAI”). All aircraft will be powered by CFM LEAP-1A engines.\r\n \r\n“We are pleased to be working once more with long-time customer, Thai Airways,” said Steven Townend, Chief Executive Officer and Managing Director, BOC Aviation. “The delivery of these technologically advanced aircraft is an important transaction in the development of our portfolio and will support Thai Airways as it expands its fleet and regional network.”","title":"BOC Aviation Signs Lease Agreement With Thai Airways For Five Airbus A321neo Aircraft","slug":"boc-aviation-signs-lease-agreement-with-thai-airways-for-five-airbus-a321neo-aircraft","date":"2025-04-23","company":{"image_url":"/uploads/companies/729/boc_aviation","name":"BOC Aviation","id":729},"formatted_date":"23APR2025"},{"id":56341,"article":"SAN FRANCISCO, California – April 22, 2025 – SKY Leasing LLC (“SKY Leasing” or “SKY”), a leading alternative investment manager with extensive experience in aviation investments, is proud to announce the final close of its flagship fund, SKY Fund VI, L.P. (together with its parallel fund, “SFVI” or the Fund”). The Fund closed significantly above its target with over $1.35 billion in capital commitments, reflecting strong support from both existing and new investors, including global insurance companies, sovereigns, pension funds, endowments, foundations, and family offices. \r\n\r\nSKY Leasing’s specialized expertise, long-standing relationships, and multi-decade track record in the aviation sector have been pivotal in attracting significant investor interest. The Fund continues SKY Leasing’s successful investment program, focusing on providing innovative capital solutions to airlines primarily through the sale-leaseback of new and current technology aircraft.\r\n\r\n“The capital raised for SFVI is a testament to the strong institutional investor demand for SKY’s unique approach to origination and portfolio construction. Our global airline partners increasingly seek capital to transition their fleets from current to new technology aircraft” said Austin Wiley, Chief Executive Officer of SKY Leasing.\r\n\r\nTo date, SFVI has committed over $600M of capital to acquire a fleet of 62 aircraft. SFVI, and its predecessor flagship funds, have been consistent in focusing on opportunities that generate attractive risk adjusted returns with strategically important airlines across the globe. This seasoned approach enables SKY Leasing to act as a key partner to aviation industry participants, creating value in complex situations.\r\n\r\nEaton Partners acted as the exclusive global placement agent for the Fund and Kirkland \u0026 Ellis LP acted as legal counsel for the Fund.","title":"SKY Leasing Raises $1.35 Billion for its Flagship Fund – SKY Fund VI, L.P.","slug":"sky-leasing-raises--1-35-billion-for-its-flagship-fund---sky-fund-vi--l-p-","date":"2025-04-22","company":{"image_url":"/uploads/companies/4329/sky_leasing","name":"SKY Leasing","id":4329},"formatted_date":"22APR2025"},{"id":56340,"article":"SkyWorks Holdings today announced completed transactions and new engagements entered into during Q1 2025 across its advisory\r\nand asset management platform, as follows:\r\n• An engagement by a North American network airline with respect to a fleet assignment optimization to determine future fleet\r\nsize, aircraft mix, and gauge requirements.\r\n• An engagement by an EMEA ACMI carrier with respect to engine maintenance solutions.\r\n• Completion of an assignment for an EMEA flag carrier with respect to the financing for two A320neo aircraft and two\r\nA330neo aircraft.\r\n• Completion of an assignment for a Latin American airline with respect to a restructuring of its fleet obligations.\r\n\r\nIn addition, SkyWorks continued to support its clients related to the following engagements:\r\n• Flair Airlines with respect to the sourcing of 737NG and 737 MAX aircraft.\r\n• Latin American airline with respect to a restructuring of its fleet obligations.\r\n• North American low-cost carrier with respect to the sale of certain 737-800 aircraft.\r\n• US-based investor with respect to the remarketing of one A321-200PCF aircraft for sale or lease.\r\n• EMEA flag carrier with respect to an aircraft order campaign.\r\n• North American low-cost carrier with respect to its aircraft order book.\r\n• Latin American startup airline for fleet-related strategy and aircraft sourcing.\r\n• Latin American network carrier on fleet-related matters.\r\n• Fiji Airways on fleet-related matters.\r\n• North American network airline with respect to the potential acquisition of on-lease aircraft.","title":"SkyWorks Announces Q1 2025 Activities","slug":"skyworks-announces-q1-2025-activities","date":"2025-04-22","company":{"image_url":"/uploads/companies/770/skyworks","name":"SkyWorks","id":770},"formatted_date":"22APR2025"},{"id":56339,"article":"- Agreement includes principles for data sharing and future collaborations to ensure continuity of operations under Thoma Bravo's ownership\r\n\r\n- Sale strengthens Boeing's capital structure and allows company to focus on core business, including key continued technical operations\r\n\r\nARLINGTON, Va., April 22, 2025 -- Boeing [NYSE: BA] has entered into a definitive agreement to sell portions of its Digital Aviation Solutions business, including its Jeppesen, ForeFlight, AerData and OzRunways assets, to Thoma Bravo, a leading software investment firm. This all-cash transaction is valued at $10.55 billion.\r\n\r\nBoeing will retain core digital capabilities that harness both aircraft and fleet-specific data to provide commercial and defense customers with fleet maintenance, diagnostics and repair services. This digital expertise will continue to provide predictive and prognostic maintenance insights.\r\n\r\n\"This transaction is an important component of our strategy to focus on core businesses, supplement the balance sheet and prioritize the investment grade credit rating,\" said Kelly Ortberg, Boeing president and chief executive officer.\r\n\r\n\"This enables all parts of the digital portfolio to focus on their strengths,\" said Chris Raymond, president and chief executive officer of Boeing Global Services. \"Our commitment to meeting our customers' needs is unwavering as we move forward with our core products and services to support their fleets.\"\r\n\r\n\"We are proud to be investing in such an important technology platform in the broader aerospace and defense industry,\" said Holden Spaht, a Managing Partner at Thoma Bravo. \"With a heritage dating back to the 1930s, Jeppesen has been at the forefront of technological innovation for nearly a century. We are excited to build on this track record and power its next phase of growth.\"\r\n\r\n\"The business has been through an impressive growth transformation in recent years and has strong momentum,\" said Scott Crabill, a Managing Partner at Thoma Bravo. \"Thoma Bravo has a long track record of backing leading technology companies in partnership with existing management. We look forward to supporting the company's standalone growth objectives through strategic investments, operational best practices and a shared commitment to innovation and long-term value creation.\"\r\n\r\nApproximately 3,900 employees around the globe work in Boeing's Digital Aviation Solutions organization, which includes elements of the business remaining within Boeing and those included in the sale. Boeing is working with Thoma Bravo to help ensure as seamless of a transition as possible for employees while continuing to meet the needs of customers in accordance with all obligations.\r\n\r\nThe transaction is expected to close by the end of 2025 and is subject to regulatory approval and customary closing conditions.\r\n\r\nCiti is acting as exclusive financial advisor to Boeing, and Mayer Brown LLP is acting as outside counsel. Kirkland \u0026 Ellis LLP is acting as legal counsel to Thoma Bravo.","title":"Boeing to Sell Portions of Digital Aviation Solutions to Thoma Bravo for $10.55 Billion","slug":"boeing-to-sell-portions-of-digital-aviation-solutions-to-thoma-bravo-for--10-55-billion","date":"2025-04-22","company":{"image_url":"/uploads/companies/112/boeing","name":"Boeing","id":112},"formatted_date":"22APR2025"},{"id":56338,"article":"Kazakhstan’s low-cost carrier FlyArystan has added the 26th aircraft to its fleet. The newly arrived Airbus A320 CEO, configured with 180 seats, will soon be put into operation and start serving the airline’s route network.\r\n\r\nRichard Ledger, President of JSC FlyArystan:\r\n“The expansion of FlyArystan’s fleet is driven both by the growth of our route network and the need to meet consistently high demand for air travel. This is particularly important ahead of the peak summer season. New aircraft allow us to increase flight frequency and explore promising destinations. Among these is a new international route connecting Almaty with Yining (Kuldja) from May 18, 2025, offering a direct and efficient link between southern Kazakhstan and western China. This route opens up additional opportunities for tourism, business cooperation, and the strengthening of cultural ties between the two countries”. \r\n\r\nFlyArystan’s 26th aircraft has been named Sumbile, which translates from Kazakh as Sirius. It is the brightest star in the night sky, with a luminosity more than 25 times that of the sun. The name reflects FlyArystan’s aspiration to inspire passengers to explore new horizons.\r\n\r\nAs a reminder, the airline’s 25th aircraft – also an Airbus A320 CEO – was commissioned ahead of the Nauryz holiday to increase seat capacity on popular routes. In 2024, FlyArystan, a subsidiary of the Air Astana Group, received five Airbus aircraft. The Group’s total passenger traffic grew by 11.2% last year, reaching 9 million people, with FlyArystan making a significant contribution to this growth.","title":"FlyArystan Expands Its Fleet with a New Aircraft","slug":"flyarystan-expands-its-fleet-with-a-new-aircraft","date":"2025-04-22","company":{"image_url":"/uploads/companies/4655/flyarystan","name":"FlyArystan","id":4655},"formatted_date":"22APR2025"},{"id":56337,"article":"*Cumulative receipts to date of US$601 million*\r\n\r\nDubai, U.A.E., 22 April 2025 – Dubai Aerospace Enterprise (DAE) Ltd (“DAE”) today announced that it had recently received cash proceeds totaling approximately US$282 million from settlements with selected insurance companies with respect to aircraft previously on lease to airline carriers in the Russian Federation. DAE and its relevant affiliated entities have released their claims against these insurance and reinsurance companies.\r\n\r\nDAE has now received cumulative cash proceeds of US$601 million including settlements announced in 2023 and 2024 with various parties.\r\n \r\nDAE will continue to actively pursue its litigation in the English courts under its own insurance policies. DAE will also continue its efforts to seek to mitigate its losses in respect of its aircraft that were previously leased to airline carriers in the Russian Federation.","title":"DAE Receives Additional US$282 million from Settlement of Insurance Claims","slug":"dae-receives-additional-us-282-million-from-settlement-of-insurance-claims","date":"2025-04-22","company":{"image_url":"/uploads/companies/733/dae_dubai_aerospace_enterprise","name":"DAE Dubai Aerospace Enterprise","id":733},"formatted_date":"22APR2025"},{"id":56336,"article":"London – 22 April 2025: Qatar Airways Cargo, IAG Cargo and MAB Kargo Sdn Bhd (MASkargo) have announced their intention to launch a Global Cargo Joint Business, which, subject to regulatory approval, will enable the carriers to further enhance existing service levels to customers and partners across the global air freight market.\r\n \r\nThe strategic collaboration will bring together the combined expertise and infrastructure of three leading players in the air cargo industry and is aimed at creating significant customer benefits.\r\n \r\nA streamlined product offering, enhanced connectivity, faster transit times, and new routing opportunities across their combined extensive networks will deliver greater value and service flexibility to customers worldwide. In parallel, the parties are jointly working at developing industry-leading harmonised safety and security standards for their customers.\r\n \r\nThis ground-breaking trilateral partnership will significantly improve the accessibility and efficiency of air freight, enabling customers to expand their global air freight. By combining their resources, Qatar Airways Cargo, IAG Cargo and MASkargo plan to build a truly connected, more agile cargo network that will address the evolving needs of global trade and logistics.\r\n \r\nMark Drusch, Chief Officer Cargo at Qatar Airways Cargo said: “Today marks a significant milestone in our ongoing efforts to redefine the global air cargo landscape. This agreement will bring together three strong players to offer unparalleled service and global connectivity, reinforcing our commitment to customer satisfaction and operational excellence.”\r\n \r\nDavid Shepherd, Chief Executive Officer at IAG Cargo said: “This agreement is a testament to our history of bringing businesses together. With years of experience in forging successful collaborations, we understand the real value they bring. This joint business not only unlocks choice and opportunities for our customers but also enhances connectivity for the businesses and industries they serve, further strengthening the role air cargo plays in facilitating global trade.”\r\n \r\nMark Jason Thomas, Chief Executive Officer at MASkargo said: \"This strategic collaboration marks a pivotal moment for MASkargo and the air cargo industry. We are excited to partner with Qatar Airways Cargo and IAG Cargo to deliver a new era of value and innovation to our customers. By leveraging our combined strengths and expertise, we will provide enhanced service offerings, expanded global reach, and cutting-edge solutions that address the evolving needs of the global market, ensuring greater efficiency and connectivity for our partners and customers.”\r\n \r\nThe carriers expect to implement the agreement in the near future, subject to first obtaining the necessary regulatory clearances.\r\nFor more information, please visit the official websites of Qatar Airways Cargo, IAG Cargo and MASkargo.","title":"Qatar Airways Cargo, IAG Cargo and MASkargo Announce Intention to Launch a Global Cargo Joint Business","slug":"qatar-airways-cargo--iag-cargo-and-maskargo-announce-intention-to-launch-a-global-cargo-joint-business","date":"2025-04-22","company":{"image_url":"/uploads/companies/437/qatar_airways","name":"Qatar Airways","id":437},"formatted_date":"22APR2025"},{"id":56335,"article":"*First Collaboration Marks CALC’s Continued Expansion in Asia-Pacific*\r\n\r\n(Hong Kong – 22nd April 2025) – China Aircraft Leasing Group Holdings Limited (“CALC” or the “Company”, together with its subsidiaries, the \"Group\"; SEHK stock code: 01848), a full value-chain aircraft solutions provider for the global aviation industry, is pleased to announce its first collaboration with Thai Airways International Public Company Limited (“THAI”)，Thailand’s flag carrier, for nine Airbus A321neo aircraft. The aircraft are scheduled for delivery in phases from 2026 to 2028, supporting Thai Airways’ ongoing fleet modernization and network expansion strategy.\r\n \r\nThis transaction marks CALC’s first collaboration with THAI, a globally recognized full-service carrier and one of Southeast Asia’s most established flag carriers. The partnership also reflects CALC’s continued efforts to grow its customer base in the Asia-Pacific region, aligning with its long-term strategy of working with top-tier operators across emerging and established markets.\r\n\r\nTHAI has recently secured aircraft from both leading OEMs and major lessors, reaffirming the airline’s strong industry positioning and future growth momentum.\r\n \r\n“We are proud to partner with THAI as part of their fleet expansion journey,” said Ms. Winnie Liu, President and Chief Commercial Officer of CALC. “This agreement not only strengthens our presence in Southeast Asia, but also reinforces CALC’s role as a trusted provider of flexible, long-term fleet solutions tailored to each airline’s unique needs.”","title":"CALC Signs Lease Agreement with THAI for Nine A321neo Aircraft","slug":"calc-signs-lease-agreement-with-thai-for-nine-a321neo-aircraft","date":"2025-04-22","company":{"image_url":"/uploads/companies/1319/calc_china_aircraft_leasing_company","name":"CALC China Aircraft Leasing Company","id":1319},"formatted_date":"22APR2025"},{"id":56334,"article":"Dublin, Ireland – April 22, 2025 - ACIA Aero Leasing (“ACIA”), a leading provider of regional aircraft leasing and lease management services and solutions, announced today the appointment of Bradley Gordon to the role of SVP Banking \u0026 Capital Markets. \r\n\r\nBradley joins ACIA Aero Leasing from his former role as Head of Aviation Finance at Investec Bank in South Africa.  During his 12-year tenure at Investec he provided or arranged more than $2bn in funding via senior debt (recourse and non-recourse), mezzanine debt and PDP financing for airlines, leasing companies, operators and high net worth individuals spanning commercial aviation, cargo, helicopters and private jets. He was also a member of the Corporate Banking credit committee.\r\n\r\nAt ACIA Aero Leasing Bradley will be responsible for debt raising and institutional investor relationships. \r\n\r\n“We are delighted to welcome Bradley to our leadership team. His strong experience in the banking sector and his global network of relationships across the finance and investor community will be an invaluable addition as we continue to steadily grow the ACIA Aero Leasing platform and expand our financing sources. Bradley has been a key partner to ACIA and to me for many years during his time at Investec and it is a real pleasure to now welcome him to our company,” stated Mick Mooney, ACIA Chief Executive Officer.\r\n\r\n\"I am thrilled to be joining ACIA Aero Leasing. After 12 great years at Investec, the opportunity to join an innovative and dynamic company that I have worked with for more than a decade is truly exciting. I look forward to working with the talented ACIA team to help shape the next chapter of its growth story,” stated Bradley Gordon. \r\n\r\nBradley is a qualified chartered accountant, with a Bachelor of Accounting Science (Hons) degree from the University of the Witwatersrand in South Africa.","title":"ACIA Aero Leasing announces the appointment of Bradley Gordon as SVP Banking \u0026 Capital Markets","slug":"acia-aero-leasing-announces-the-appointment-of-bradley-gordon-as-svp-banking---capital-markets","date":"2025-04-22","company":{"image_url":"/uploads/companies/4488/acia_aero_leasing.png","name":"Acia Aero Leasing","id":4488},"formatted_date":"22APR2025"},{"id":56333,"article":"Ulaanbaatar, Mongolia – April 17, 2025 – Azorra has delivered the first of two new Embraer E195-E2 aircraft to Hunnu Air, marking a new partnership for the lessor and the first E2 to operate in Mongolia.\r\n\r\nThe E195-E2 delivered from Azorra’s firm orderbook with Embraer (NYSE: ERJ / B3: EMBR3) will support Hunnu Air as it grows its fleet and expands its route network to key destinations across Asia-Pacific, offering greater capacity and longer-range capability.\r\n\r\nJohn Evans, CEO and Founder, Azorra, says: \"We are thrilled to deliver Mongolia's first new Embraer E195-E2 aircraft to our valued partners at Hunnu Air. This is a significant step in the growth of Hunnu Air and a major milestone for the future of aviation in Mongolia. This delivery also reinforces our strong partnership with Embraer. The E195-E2 is a modern, fuel-efficient aircraft that is optimally designed to reduce operating costs and improve efficiencies in existing markets, while facilitating the exploration and development of new markets. As demand for these jets surges across the Asia-Pacific region, we are excited to continue providing our airline partners with innovative fleet solutions.”\r\n\r\nMunkhjargal Purevjal, CEO, Hunnu Air, says: “We’ve been an E190 operator since 2019 and the E195-E2 is the perfect extension as we meet growing demand for air travel across Mongolia and beyond. These new generation aircraft will allow us to increase capacity to Haikou, Sanya, and Phu Quoc, expand services to Japan, China, Vietnam, India and South Korea, and introduce scheduled flights to Tashkent. We’re thankful for the support of Azorra and Embraer as the E2 will be integral to our long-term growth.”\r\n\r\nMartyn Holmes, Chief Commercial Officer, Embraer Commercial Aviation, says: “The entry of the E195-E2 into Mongolia is a key development for the region’s aviation landscape. The aircraft’s advanced technology, low noise levels, unbeatable efficiency, and unparalleled passenger comfort make it the ideal choice for airlines looking to grow strategically while optimizing operational costs. We look forward to supporting Hunnu Air’s strategic growth and thank Hunnu Air for their continued partnership and our leasing partner Azorra for their continued collaboration, combining again with Embraer.”\r\n\r\nAzorra continues to work with Embraer to strengthen the E2’s presence in Asia, having previously delivered the region’s first E2 aircraft to Scoot in April 2024. The addition of Hunnu Air to Azorra’s expanding network of airline customers highlights the increasing demand for fuel-efficient, comfortable, new generation aircraft in the region. ","title":"Azorra Delivers Mongolia’s First Embraer E195-E2 to Hunnu Air","slug":"azorra-delivers-mongolia-s-first-embraer-e195-e2-to-hunnu-air","date":"2025-04-17","company":{"image_url":"/uploads/companies/435/embraer","name":"Embraer","id":435},"formatted_date":"17APR2025"},{"id":56332,"article":"KlasJet, an exclusive private and corporate jet charter company and part of Avia Solutions Group the world's largest ACMI (Aircraft, Crew, Maintenance, Insurance) provider, is responding to the increased demand from the European market by reallocating one of its Boeing 737s from Dubai to Europe from April until the end of summer.\r\n \r\nBy relocating the jet, the company aims to offer even faster and more convenient service to its diverse clientele of VIPs, sports teams, music tours, HNWIs, and corporate clients, whose base has been steadily growing in recent years.\r\n \r\nAccording to Marton Modis, VP of Business Development at KlasJet, the demand for private trips in Europe is steadily increasing, especially during the warm season, which is reflected in the number of inbound requests.\r\n \r\n\"Our goal is to be flexible in reacting to the seasonal fluctuations of the market. Summer months are typically more active in Europe since people go on holiday. Plus, there's an abundance of events – both corporate and cultural – across the continent. By moving one of our Boeing 737s to Europe from Dubai, we'll be able to respond to this demand appropriately,\" he says.\r\n \r\nKlasJet's European fleet will be supplemented by the crimson-evening-colored Boeing 737-500 (LY-KDT). The aircraft is distinguished by its elegant cabin design featuring warm, sunset-inspired tones and premium finishes, further enhancing the travel experience. It offers 56 spacious and comfortable business-class seats for passengers who appreciate both luxury and functionality.\r\n \r\nThe aircraft will be strategically positioned at various European airports to maximize availability throughout the continent until the end of summer. In October, the aircraft will return to Dubai to resume operations there. KlasJet provides flight management services in Europe, the Middle East, Africa, and Asia. According to Marton Modis, this international experience enables KlasJet's team to better understand the tastes and nuances of its diverse clientele and maximize their flight experience.\r\n \r\n\"Our experience in different markets and travel segments makes our staff more than capable of ensuring the highest level of travel comfort for passengers with a wide range of needs and expectations. Be it sports teams, music bands and artists, business travelers or VIPs. We make sure everyone onboard feels welcome and taken care of,\" says the VP of Business Development at KlasJet.\r\n \r\nKlasJet operates a fleet of 14 aircraft, offering capacities ranging from 10 to 68 seats for VIP services and 186 to 189 passengers for ACMI leasing. KlasJet is part of the Avia Solutions Group, the world's largest ACMI provider, operating a fleet of 221 aircraft. The group also offers a range of aviation services, including pilot and crew training, ground handling, and various associated aviation support.","title":"KlasJet Relocates Additional Boeing 737 to Europe in Preparation for Upcoming Summer Season","slug":"klasjet-relocates-additional-boeing-737-to-europe-in-preparation-for-upcoming-summer-season","date":"2025-04-17","company":{"image_url":"/uploads/companies/4059/klasjet","name":"KlasJet","id":4059},"formatted_date":"17APR2025"},{"id":56331,"article":"The USD 75 million senior secured revolving credit facility will act as liquidity support for general corporate purposes for Sun Country.\r\n\r\nNEW YORK, April 14, 2025 -- Mitsubishi UFJ Financial Group (MUFG), a global leader in financial services, is pleased to announce the closing of a USD 75 million senior secured revolving credit facility (\"RCF\") for Sun Country Airlines, Inc. (\"Sun Country\"). MUFG acted as Sole Structuring Agent and a Joint Lead Arranger with a USD 37.5 million commitment. Sumitomo Mitsui Banking Corporation, acting as the other Joint Lead Arranger, provided the additional USD 37.5 million commitment. The facility will replace Sun Country's existing USD 25 million RCF and is intended to provide additional liquidity for Sun Country to be used for general corporate purposes. The facility may be secured by a combination of aircraft, engines, spare parts, inventory, receivables, and cash.\r\n\r\n\"This new revolving credit facility provides Sun Country with enhanced financial flexibility to pursue new opportunities as they arise,\" said Dave Davis, President and Chief Financial Officer. \"We continue to grow our unique and successful business model, and greatly appreciate the leadership and participation of MUFG, one of our key partners.\"\r\n\r\n\"We are excited to have closed this important transaction with Sun Country\" says Benoist de Vimal, Head of Aviation Originations in the Americas at MUFG. \"We appreciate Sun Country's trust in our bank and look forward to continuing to expand the relationship and supporting them with their needs in the future.\"","title":"MUFG Announces $75 Million Financing for Sun Country Airlines","slug":"mufg-announces--75-million-financing-for-sun-country-airlines","date":"2025-04-14","company":{"image_url":"/uploads/companies/3656/mitsubishi_ufj_lease___finance","name":"Mitsubishi UFJ Lease \u0026 Finance","id":3656},"formatted_date":"14APR2025"},{"id":56330,"article":"Phoenix Aviation Capital (\"Phoenix\" or \"the Company\"), a full-service aircraft lessor, and AIP Capital, an alternative investment manager focused on asset-based finance opportunities today announced the closing of a Pre-Delivery Payment Financing Facility (the \"facility\"). The facility is intended to be used to finance pre-delivery payments for Phoenix's orderbook of 30x 737 MAX-8 aircraft with Boeing. The facility will provide up to $300 million in total commitments, with $175 million in immediate funding and a $125 million accordion.\r\n\r\nNatixis Corporate \u0026 Investment Banking (\"Natixis\") provided the commitments for the facility and acted as Lead Structuring Agent, Mandated Lead Arranger and Underwriter. This event marks the second transaction completed between the organizations, with Natixis supporting Phoenix through financing on ten CFM LEAP 1B aircraft engines in November 2024.\r\n\r\n\"We are excited to further expand our relationship with Natixis,\" said Mathew Adamo, Managing Partner of AIP Capital who also serves on the board of Phoenix commented. \"This facility represents another milestone for Phoenix as it continues to execute upon its strategy of growing its fleet of next-generation aircraft assets on lease with airlines across the globe.\"\r\n\r\nVedder Price acted as legal advisor to Phoenix and AIP, and Clifford Chance acted as legal advisor to the lenders. McCann Fitzgerald acted as legal advisor to Phoenix and AIP in Ireland, and PwC provided tax advice.","title":"Phoenix Aviation Capital and AIP Capital Announce the Closing of a Pre-Delivery Payment Facility with up to $300 Million in Total Commitments","slug":"phoenix-aviation-capital-and-aip-capital-announce-the-closing-of-a-pre-delivery-payment-facility-with-up-to--300-million-in-total-commitments","date":"2025-04-14","company":{"image_url":"/uploads/companies/5036/aip_capital","name":"AIP Capital","id":5036},"formatted_date":"14APR2025"},{"id":56329,"article":"BBN Airlines Indonesia, a leading provider of ACMI (Aircraft, Crew, Maintenance, and Insurance) solutions in the region and subsidiary of Avia Solutions Group, has signed wet-lease agreement with US-Bangla Airlines, one of the largest carriers in Bangladesh, to support the airline’s growing operational requirements.\r\n\r\nUnder the program, BBN Airlines Indonesia will provide two Boeing 737-800NG aircraft to US-Bangla Airlines. The first aircraft commenced operations on 1 April 2025, and the second scheduled to enter service in early May 2025. Both aircraft, configured in an all-Economy layout, will operate international routes from Dhaka to the Middle East, Thailand, Maldives, and Singapore. The aircraft and crew are fully based in Dhaka, ensuring a seamless integration into US-Bangla Airlines’ existing network.\r\n\r\nBBN Airlines Indonesia delivers a comprehensive ACMI package, supplying not only the aircraft but also experienced flight and cabin crew, maintenance, and insurance coverage. This allows US-Bangla Airlines to maintain its operational focus on network management and customer service, while benefiting from the flexibility and reliability of BBN Airlines Indonesia’s ACMI expertise.\r\n\r\n“This partnership marks a significant milestone in our expansion within the Asian market,” said Martynas Grigas, Chairman of BBN Airlines Indonesia. “We are proud to support US-Bangla Airlines by providing high-quality ACMI capacity that aligns with their strategic goals and operational demands.”\r\n\r\n“US-Bangla has been consistently seeking credible partners for ACMI leases, and with BBN Airlines Indonesia now on board, this marks our second ACMI partnership with the Avia Solutions Group,” said Jitendra Pandey, Head – Commercial \u0026 Contracts, US-Bangla Airlines. “Our experience with Avia Solutions Group companies has been very positive, particularly due to their agility in understanding and adapting to the unique operational and cultural requirements of the region. We are optimistic about a successful partnership and look forward to a long-term, fruitful association with BBN Airlines Indonesia.”\r\n\r\nA notable achievement of this collaboration is the swift turnaround time—all operational preparations, including aircraft positioning, regulatory compliance, and crew readiness, were completed within just 3 to 4 weeks. In addition to BBN Airlines-supplied crew, a representative crew member from US-Bangla will also be present on each flight to ensure a consistent and familiar experience for passengers.\r\n\r\nAs a committed ACMI partner, BBN Airlines Indonesia continues to play an active role in supporting airline growth across the Asia-Pacific region by offering scalable, reliable, and cost-effective capacity solutions.\r\n\r\nUS-Bangla Airlines currently operates a diverse fleet that includes six Boeing 737-800s, ten ATR 72-600s, and two Airbus A330-300s.\r\n\r\nThis collaboration highlights BBN Airlines Indonesia’s growing footprint in the regional ACMI market and underscores its ability to deliver tailored capacity solutions that support its partners' operational success.","title":"BBN Airlines Indonesia Enters ACMI Partnership with US-Bangla Airlines","slug":"bbn-airlines-indonesia-enters-acmi-partnership-with-us-bangla-airlines","date":"2025-04-11","company":{"image_url":"/uploads/companies/4913/bbn_airlines_indonesia","name":"BBN Airlines Indonesia","id":4913},"formatted_date":"11APR2025"},{"id":56328,"article":"DUBLIN – April 10, 2025 – CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced today the delivery of two Embraer E190-100LR aircraft to a new customer, French regional airline Regourd Aviation S.A.S. (“Amelia”).\r\n \r\nBased in France, Regourd Aviation provides ACMI, charter services, and medical evacuations under the brands Amelia and Amelia International.\r\n \r\n“We are delighted to have collaborated on executing this finance lease transaction for two of our E190 aircraft with our new Europe-based customer and thank the Amelia team for their co-operation throughout the process,” commented CDB Aviation Head of Commercial, EMEA Gavan Daly. “These E190 aircraft will support Amelia’s  fleet growth strategy and are the beginning of a new chapter for one of France’s oldest airlines.”\r\n \r\n\"With the delivery of these two Embraer 190 aircraft, Amelia shows its commitment to sustainable growth. These two aircraft will fill the gap between our 50 seaters and the Airbus A319. Compared with our current Embraer 145, they will reduce our CO2 footprint per SKO by 30%. Amelia would like to thank the CDB Aviation team for their cooperation with the delivery of these aircraft. We are working hard to start the operations of these aircraft at the beginning of the summer,\" said Alain Regourd, Chief Executive Officer of Amelia.","title":"CDB Aviation Delivers Two E190s to Amelia","slug":"cdb-aviation-delivers-two-e190s-to-amelia","date":"2025-04-10","company":{"image_url":"/uploads/companies/2750/cdb_aviation","name":"CDB Aviation","id":2750},"formatted_date":"10APR2025"},{"id":56327,"article":"(Washington, D.C., April 9, 2025) – Vietjet Air and AV AirFinance have signed a financial agreement totaling US$300 million. The signing ceremony took place in the presence of Vietnam’s Deputy Prime Minister Ho Duc Phoc and other senior Vietnamese government officials, as part of an official mission aimed at strengthening U.S.–Vietnam economic and trade relations.\r\n \r\nThe agreement is part of a broader series of aircraft financing deals totaling over US$4 billion that Vietjet has secured with leading U.S. financial institutions. These commitments aim to support Vietjet’s new fleet development plan, with the projected delivery of nearly 300 aircraft between 2025 and 2027.\r\n \r\nStephen Murphy, CEO of AV AirFinance, said: “We are delighted to be a long-term strategic partner of Vietjet. This new commitment reflects our strong relationship and willingness to support Vietjet’s resurgent growth in the Asia-Pacific region via new generation aircraft.”\r\n \r\nIn 2025, Vietjet will begin taking delivery of the first batch of Boeing 737 MAX aircraft from its landmark order of 200 aircraft, valued at over US$24 billion. The deal was originally announced on February 27, 2019, in Vietnam, in the presence of U.S. President Donald Trump. As part of its global growth strategy, the airline is currently in discussions to further expand this historic order.\r\n \r\nIn addition to its collaboration with Boeing, Vietjet has established long-term strategic partnerships with several major U.S. corporations, including GE, Pratt \u0026 Whitney, and Honeywell, with total contract values reaching approximately US$50 billion. Ongoing negotiations are expected to add a further US$14 billion. Notably, Vietjet’s engine and technical service agreements with GE and Pratt \u0026 Whitney alone now exceed a combined value of US$10 billion. The airline is also deepening its technology partnerships with leading U.S. firms such as Microsoft, Apple, and Google, while exploring collaboration with SpaceX to integrate advanced technologies across its fleet. These high-value contracts are poised to contribute significantly to reducing the trade imbalance between Vietnam and the United States in the near future.\r\n \r\nWith a strategic focus on developing a modern fleet and a global flight network, Vietjet currently operates a fleet of over 115 new, fuel-efficient aircraft, with more than 400 additional aircraft on order.\r\n \r\nAV AirFinance was established by a team of experienced industry professionals together with KKR and focuses on arranging financing for commercial aircraft to airlines, lessors, cargo operators and investors.\r\n \r\nDr. Nguyen Thi Phuong Thao, Chairwoman of Vietjet, congratulated the signing event and affirmed: “I am steadfast in my commitment to working tirelessly and fostering global partnerships that help bridge cultures, economies, and technologies between Vietnam, the United States, and the wider world.”","title":"Vietjet and AV AirFinance ink US$300 million agreement to boost fleet growth, totaling the airline’s U.S. trade ties to US$64 Billion","slug":"vietjet-and-av-airfinance-ink-us-300-million-agreement-to-boost-fleet-growth--totaling-the-airline-s-u-s--trade-ties-to-us-64-billion","date":"2025-04-10","company":{"image_url":"/uploads/companies/2247/vietjet_air","name":"VietJet Air","id":2247},"formatted_date":"10APR2025"},{"id":56326,"article":"Hamburg, Germany, 9 April 2025 - Airbus and Thai Airways International (THAI) have signed a Letter of Intent (LoI) to retrofit the airline’s A350s, enhancing passenger comfort and operational efficiency, with state-of-the-art cabin upgrades.\r\n\r\nThe retrofit programme will be overseen by Airbus. During the exercise, THAI’s fleet of A350-900 aircraft will be equipped with the latest cabin innovations, ensuring a premium travel experience for passengers on long-haul routes.\r\n\r\nThe upgrades will include modernised and elevated ‘Royal Silk’ Business Class seats, new Premium Economy Class Seats and Economy Class seats, as well as an improved in-flight entertainment system that offer a seamless travel experience across THAI’s network.\r\n\r\nThe cabin modernisation is expected to start from 2028. The retrofitted aircraft are expected to re-enter service in phases, ensuring minimal impact to THAI’s flight operations.\r\n\r\nBalinda Zhang, Airbus Head of Commercial Services APAC, said: “Airbus is pleased to support THAI in this significant investment in their fleet, ensuring that their A350 aircraft continue to offer passengers an exceptional flying experience. This retrofit aligns with our shared vision of delivering enhanced comfort and efficiency for airlines and their customers.”\r\n\r\nThis agreement reaffirms Airbus’ long-standing partnership with THAI and its commitment to supporting the airline’s fleet modernisation strategy. As a long-range leader, the A350 remains a key pillar of THAI’s network, and the retrofit will further enhance its appeal for premium and economy passengers alike.","title":"Airbus signs Letter of Intent with THAI to retrofit A350 fleet","slug":"airbus-signs-letter-of-intent-with-thai-to-retrofit-a350-fleet","date":"2025-04-10","company":{"image_url":"/uploads/companies/484/airbus","name":"Airbus","id":484},"formatted_date":"10APR2025"},{"id":56325,"article":"In New York, Vietnam Airlines signed a Memorandum of Understanding (MOU) with Citibank, N.A., securing a funding commitment exceeding US$560 million to support its strategic investment initiatives.\r\n\r\nThe signing ceremony was witnessed by Vietnam’s Deputy Prime Minister, Mr. Ho Duc Phoc, as part of the Vietnamese Government delegation’s official visit to the United States. The visit aimed to strengthen bilateral trade relations and facilitate funding for key investment projects by state-owned enterprises.\r\n\r\nUnder the MOU, Citibank, N.A. has committed to providing financial support for Vietnam Airlines’ investment projects aimed at strengthening the airline’s operational capacity and expanding its international route network in the years ahead.\r\n\r\nBeyond funding, Citibank will also deliver strategic advisory services to help Vietnam Airlines build a robust financial framework, ensuring efficient investment and effective risk management.\r\n\r\nCollaborating with leading global financial institutions—especially those based in the U.S.—is a key pillar of Vietnam Airlines’ long-term strategy to enhance competitiveness, modernize its fleet, and stay aligned with evolving global aviation trends.\r\n\r\nMr. Le Duc Canh, Executive Vice President of Vietnam Airlines, said: “Today’s agreement represents a pivotal milestone in advancing our strategic goals. Partnering with globally recognized financial institutions like Citibank not only grants us access to high-quality capital but also paves the way for deeper integration into the global value chain.”\r\n\r\nMr. Ramachandran A.S., Citi Country Officer in Vietnam, said: “For more than 30 years, Citibank has drawn on its global aviation expertise to support Vietnam Airlines. We are excited to strengthen this long standing partnership and contribute to Vietnam Airlines’ mission of connecting Vietnam with the world. Citibank remains deeply committed to supporting Vietnam’s dynamic growth and enhancing economic and cultural ties between Vietnam and the United States.”\r\n\r\nFollowing the MOU signing, Vietnam Airlines is set to meet with the Export-Import Bank of the United States (EXIM) on April 10, 2025, in Washington, D.C., to explore potential loan guarantee opportunities.\r\n\r\nIn 2025, the airline plans to launch or resume 15 international routes to key destinations across Italy, Russia, Denmark, China, India, Japan, South Korea, and the United Arab Emirates. This year also marks a significant milestone—Vietnam Airlines’ 30th anniversary (1995–2025).\r\n\r\nOver the past three decades, Vietnam Airlines has grown into the nation’s flag carrier and a prominent player in the regional aviation market. As the global aviation industry rebounds from the pandemic and embraces digital transformation, Vietnam Airlines continues to lead the way, embodying Vietnam’s dynamic global integration and strengthening its presence on the world aviation stage.\r\n","title":"Vietnam Airlines Secures Over US$560 Million in Strategic Investment through MOU with Citibank, N.A.","slug":"vietnam-airlines-secures-over-us-560-million-in-strategic-investment-through-mou-with-citibank--n-a-","date":"2025-04-10","company":{"image_url":"/uploads/companies/135/vietnam_airlines","name":"Vietnam Airlines","id":135},"formatted_date":"10APR2025"},{"id":56324,"article":"April 9, 2025 – Fort Lauderdale, Florida – HALO AirFinance (\"HALO\"), a joint venture between GA\r\nTelesis (\"GAT\") and Tokyo Century Corporation (\"TC\"), has successfully closed a mezzanine loan\r\nsecured by a widebody freighter aircraft, reinforcing the continued expansion of its aviation\r\nfinancing portfolio.\r\n\r\nThe financing, completed in partnership with Sumitomo Mitsui Banking Corporation (“SMBC”),\r\nsupported the refinancing of a Boeing 747-8F freighter for a leading U.S.-based air cargo\r\noperator. This transaction highlights HALO’s commitment to providing flexible and innovative\r\ncapital solutions for the aviation sector.\r\n\r\n“Our continued expansion into the mezzanine loan space reflects HALO’s ability to meet a\r\nbroader range of capital needs across the aviation industry,” commented Marc Cho, Co-Head and\r\nManaging Director of HALO. “This transaction exemplifies the strength of our platform and our\r\ncollaborative approach. We’re proud to partner with SMBC and support our clients with tailored\r\nfinancing solutions.”\r\n\r\nThis latest transaction further solidifies HALO’s position as a dynamic provider of customized\r\nfinancing solutions for commercial aviation assets. By leveraging the deep expertise and\r\nresources of its parent companies, HALO remains at the forefront of structuring strategic and\r\neffective financing arrangements for airlines, lessors, and investors worldwide.","title":"HALO AirFinance Completes Mezzanine Loan, Strengthening Aviation Financing Platform","slug":"halo-airfinance-completes-mezzanine-loan--strengthening-aviation-financing-platform","date":"2025-04-09","company":{"image_url":"/uploads/companies/5003/halo_airfinance","name":"HALO AirFinance","id":5003},"formatted_date":"09APR2025"},{"id":56323,"article":"Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, is pleased to announce the signing of a six-year lease agreement with Colombian airline Clic Air for an ATR 72-600 aircraft. The aircraft is currently being returned by the previous operator and is scheduled for delivery to Clic Air in the coming weeks, following the completion of scheduled periodic maintenance checks and standard inspections.\r\n \r\nAvation's Executive Chairman Jeff Chatfield commented: \"We are pleased to have secured a new six year lease for this aircraft which marks a key milestone in our growth story with the entry of Avation into the South American market, and we are delighted to welcome Clic Air as a new customer.\"","title":"Avation PLC Announces A New Airline Lease Agreement","slug":"avation-plc-announces-a-new-airline-lease-agreement","date":"2025-04-09","company":{"image_url":"/uploads/companies/1363/avation_plc","name":"Avation PLC","id":1363},"formatted_date":"09APR2025"},{"id":56322,"article":"- Lufthansa City Airlines takes delivery of its first brand-new Airbus A320neo, named “Ingelheim am Rhein” \r\n- With its modern and efficient Airbus fleet, Lufthansa City Airlines strengthens the competitiveness of the Lufthansa Group's short-haul network \r\n- Seven new destinations expand the route network of Lufthansa City Airlines to a total of 17 \r\n- Opening of the additional station in Frankfurt planned for 2026 \r\n\r\nYesterday (Tuesday), Lufthansa City Airlines took delivery of its first brand-new Airbus A320neo at the Airbus factory in Hamburg-Finkenwerder. The aircraft, registration D-AIJP, was named “Ingelheim am Rhein”. This first brand-new Airbus symbolizes the key role that Lufthansa City Airlines plays within the Lufthansa Group in redefining continental traffic to and from Munich and, from 2026, Frankfurt hubs. The airline is thus making an important contribution to strengthening the competitiveness of the short-haul network, consolidating the market position of the Lufthansa Group and supporting the planned growth on long-haul routes.\r\n\r\n“Our new aircraft is a further motivation and incentive for the commitment and excellent work of all our employees, who contribute to the success and growth of our airline every day,” said Peter Albers, Managing Director of Lufthansa City Airlines, after the official handover.\r\n\r\nFrom May onwards, the “Juliett Papa” will offer space for 180 passengers. Like all Lufthansa City Airlines aircraft, the new Airbus A320neo is equipped with the new Airspace cabin and offers passengers significantly larger overhead bins, a modern lighting system and improved seating comfort in proven Lufthansa quality.\r\n\r\nWith this new addition, the Lufthansa City Airlines fleet now comprises eight aircraft (four Airbus A319s and four Airbus A320neos). In the course of 2025, five more brand-new Airbus A320neos and two additional Airbus A320neos will be added, expanding the fleet to 15 aircraft by the end of 2025. From the end of 2026, Lufthansa City Airlines expects to take delivery of the first of 40 Airbus A220-300s on order.\r\n\r\nRoute network \r\n\r\nIn line with the significant growth of its fleet, the youngest airline in the Lufthansa Group is also expanding its route network in Europe. Lufthansa City Airlines is adding seven new destinations to its route network for the summer flight schedule 2025: Barcelona, Paris Charles de Gaulle, Düsseldorf, Rome, Edinburgh, Seville and Bordeaux. The Lufthansa City Airlines network now comprises 17 destinations that can be booked directly at www.lufthansa.com. ","title":"Lufthansa City Airlines takes delivery of its first all-new Airbus A320neo","slug":"lufthansa-city-airlines-takes-delivery-of-its-first-all-new-airbus-a320neo","date":"2025-04-09","company":{"image_url":"/uploads/companies/133/lufthansa","name":"Lufthansa","id":133},"formatted_date":"09APR2025"},{"id":56321,"article":"- LOT Polish Airlines has expanded its cooperation with ITA Airways, offering its passengers new opportunities to discover Italy, with a comfortable transfer in Rome.\r\n- Until now, the airlines have cooperated under the terms and conditions of an interline agreement.\r\n- By codesharing with ITA Airways, passengers will have the opportunity to travel the entire route with a single ticket, with a uniform luggage policy and fare conditions.\r\n\r\nLOT Polish Airlines commenced codeshare-based cooperation with the Italian carrier ITA Airways. The national polish carrier’s current route network includes flights to Milan, Venice and Rome. Thanks to the new partnership, LOT Polish Airlines passengers will have access to ten new codeshare connections in Italy: Bari, Bologna, Brindisi, Florence, Genoa, Catania, Lamezia Terme, Naples, Palermo and Turin. ITA Airways travelers will now be able to enjoy convenient flights from Rome Fiumicino Airport to Warsaw and other destinations operated by LOT Polish Airlines. One of the advantages of this shared offer is a uniform luggage policy and fare conditions for the entire flight. Thanks to the carriers’ partnership, LOT passengers can also benefit from guaranteed transfers and collect Miles \u0026 More miles at the same time.\r\n\r\nReaching a codeshare agreement with ITA Airways is part of the implementation of our strategy, which includes expanding our offer and improving the quality of our services. Through this cooperation, LOT's passengers gain access to a wide network of domestic connections in Italy, which will significantly facilitate travel in this beautiful country. We encourage you to discover Italy, now more accessible to travelers from Poland than ever before. We will also be pleased to welcome our partner's travelers on board LOT, providing them with a convenient transfer offer to a wide range of destinations in our route network.\r\n\r\nRobert Ludera, LOT’s Registered Representative, Director of the LOT Polish Airlines Network Bureau\r\nWe are pleased to sign this codeshare agreement with LOT Polish Airlines. This partnership is an additional significant step in ITA Airways' growth strategy, enhancing connectivity for our passengers. It creates a privileged and convenient travel route between Italy and Poland, further strengthening the economic and commercial ties between our two countries. Additionally, it enhances LOT passengers' travel experience, offering them the opportunity to enjoy the excellence of Made in Italy, which ITA Airways proudly represents as an ambassador worldwide.\r\n\r\nJoerg Eberhart, CEO and General Manager of ITA Airways\r\nRecently, ITA Airways has announced that it would join the Star Alliance with effect from 2026. This means that LOT passengers, travelling on shared LOT and ITA Airways flights, will soon be able to take advantage of the range of amenities offered by Star Alliance standards. It is also worth noting that as of 3 February 2025, Miles \u0026 More members can earn miles for ITA Airways flights and use miles for flying these airlines.\r\n\r\nWe have received the news of ITA Airways' planned joining of the Star Alliance with great interest – we see this as an opportunity to further strengthen both our bilateral cooperation and our collaboration within our global alliance.\r\n\r\nRobert Ludera, LOT’s Registered Representative, Director of the LOT Polish Airlines Network Bureau\r\nLOT Polish Airlines passengers can already book new flights, which will be available from 10 April 2025. Tickets for the flights are available via all of LOT and ITA Airways sales channels, including the lot.com website, LOT Contact Centre and LOT Travel offices.","title":"LOT Polish Airlines entered into codeshare partnership with ITA Airways","slug":"lot-polish-airlines-entered-into-codeshare-partnership-with-ita-airways","date":"2025-04-09","company":{"image_url":"/uploads/companies/94/lot_polish_airlines","name":"LOT Polish Airlines","id":94},"formatted_date":"09APR2025"},{"id":56320,"article":"*VAS’s latest contract brings to 13 the total number of A380 aircraft acquired by VAS for dismantlement and redistribution of parts*\r\n\r\nBoca Raton, FL, April 8, 2025 ꟷ- VAS Aero Services, a global leader in aviation logistics and aftermarket services, has been selected by Airbus to manage the teardown of and redistribution of used serviceable material (USM) from three Airbus A380 aircraft being taken out of service.\r\n\r\nIn 2018, VAS partnered with international lessor, The Dr. Peters Group, on the dismantlement of the very first A380 aircraft ever to be designated for teardown. With this latest collaboration with Airbus on the teardown of three A380s, VAS will have managed the dismantlement of 13 such aircraft in total.\r\n\r\n“This project with Airbus is further proof of VAS’s expertise in A380 platform dismantlement and USM parts harvesting and redistribution,” states VAS CEO Tommy Hughes. “Early on we identified the A380 platform as an aftermarket growth opportunity and we continue to aggressively invest in end-of-service A380 aircraft to make critical components available to the global jumbo-body aircraft operator market.”\r\n\r\nVAS will manage the teardown of the aircraft (involving airframes MSN 61, 66, and 84) through its partnership with Tarmac Aerosave, a leader in aircraft storage, maintenance and recycling based in Tarbes, France. Harvested parts will be positioned in Europe for ready access to customers throughout the EMEA market, leveraging VAS’s vital spare parts sales network serving MROs and airlines across the region.\r\n\r\nThe aircrafts’ LRU engines will be made available for lease, as well as harvested for in-demand USM parts, according to VAS.\r\n\r\nWith deliveries of Boeing’s 777X platform delayed until at least 2026, there is an increasing reliance on the A380 to fill the need for large, long-haul aircraft, Tommy notes. That demand is putting pressure on quality USM parts inventory availability for the existing A380 assets, estimated to be as many as 175 aircraft in operation worldwide.\r\n\r\n“The timing is right for a program focused on retiring end-of-life A380 aircraft and monetizing the residual value of their serviceable parts,” says Tommy. “As a Best Partner to lessors and airline operators, VAS offers unparalleled expertise in aircraft teardown and harvested parts re-sale through our worldwide aftermarket sales network. We help turn aircraft retirement into revenue and a powerful return on investment,” says Tommy.","title":"Airbus taps VAS Aero Services to manage teardown of three A380 aircraft and the sale of harvested USM parts","slug":"airbus-taps-vas-aero-services-to-manage-teardown-of-three-a380-aircraft-and-the-sale-of-harvested-usm-parts","date":"2025-04-09","company":{"image_url":"/uploads/companies/2310/vas_aero_services","name":"VAS Aero Services","id":2310},"formatted_date":"09APR2025"},{"id":56319,"article":"Calgary, Alberta (April 8, 2025) — Avmax is pleased to announce a landmark transaction with Qantas, further strengthening its regional aircraft leasing portfolio. As part of this agreement, Avmax has finalized the purchase of 19 Dash 8 Series aircraft, including 3 Dash 8-Q200s and 16 Dash 8-Q300s. The first Dash 8-200 sale under this agreement has successfully closed, marking an important milestone in the company's global expansion strategy.\r\n\r\nIn addition, Avmax has entered into a long-term lease agreement with Skytrans for the operation of the 3 Dash 8-200 aircraft, ensuring their continued service in Australia. “We are excited to reinforce our long-term partnership with Skytrans,” said John Green, Senior Vice President of Avmax. “This collaboration ensures the aircraft remain in operation in Australia, supporting Skytrans’ continued growth and service reliability.”\r\n\r\nFurther strengthening its fleet, Avmax has signed a Letter of Intent for the acquisition of 16 Dash 8-Q300 aircraft from Qantas. These aircraft, known for their exceptional reliability, late serial numbers, and excellent maintenance history, are among the best on the market. “The purchase of these well- maintained Q300s is a significant step forward for Avmax,” said Steve Hankirk, CEO of Avmax. “We anticipate delivery of the last aircraft by the end of 2025 and are currently in discussions with multiple operators for sale or lease opportunities. This deal benefits not only Avmax and our shareholders but also enhances all facets of our business.”\r\n\r\nWith these acquisitions and partnerships, Avmax continues to expand its presence in the global regional aircraft market, offering high-quality leasing solutions to operators worldwide. The company remains committed to providing top-tier aircraft and tailored leasing solutions to meet the evolving needs of regional airlines and aviation partners.","title":"Avmax Announces Strategic Aircraft Acquisitions from Qantas and Enhancement of Long-Term Partnership with Skytrans","slug":"avmax-announces-strategic-aircraft-acquisitions-from-qantas-and-enhancement-of-long-term-partnership-with-skytrans","date":"2025-04-09","company":{"image_url":"/uploads/companies/2535/avmax","name":"Avmax","id":2535},"formatted_date":"09APR2025"},{"id":56318,"article":"Barings, one of the world’s leading investment managers, today announced that it has entered into a purchase agreement to acquire a portfolio of narrow-body commercial passenger aircraft through its Capital Solutions platform, which invests across the capital structure to deliver tailored solutions, partnering with Genesis, the full-service aircraft lessor that is wholly owned by Barings-managed funds, to originate, underwrite, and manage this portfolio of aircraft.\r\n\r\nThe portfolio includes 12 end-of-life narrow-body aircraft and their associated leases, which are valued in excess of $200 million. Consistent with the Barings Capital Solutions team’s investment approach, the transaction is structured to provide investors with contractual cash returns and additional upside through asset appreciation.\r\n\r\n“We are excited to partner with the Genesis team on this unique transaction which highlights the expansive origination capabilities of both platforms,” said Michael Searles, Head of North America for Barings Capital Solutions. “We see significant value in the mid and end-of-life aircraft space in today’s market as global travel has recovered above pre-pandemic levels, while supply chain disruption has contributed to a supply-demand imbalance.”\r\n\r\n“We are proud that over the past 10 years, Barings and Genesis have built substantial in-house commercial aircraft investment capability to originate, underwrite, actively manage, and deliver strong risk adjusted returns across the full life cycle of a commercial aircraft investment,” said Karl Griffin, Chief Executive Officer, Genesis.\r\n\r\nBarings’ Capital Solutions team originates, underwrites, structures, and prices risk with the intent to provide attractive returns throughout market cycles that are less correlated with traditional debt and equity strategies. The strategy pursues public and private market opportunities across the capital structure, with a focus on secured debt, leveraging the sourcing and structuring expertise of the entire Barings platform globally to develop tailored solutions for counterparties.","title":"Barings’ Capital Solutions Platform Acquires $200+ Million Aircraft Portfolio","slug":"barings--capital-solutions-platform-acquires--200--million-aircraft-portfolio","date":"2025-04-08","company":{"image_url":"/uploads/companies/98/aviator","name":"AVIATOR","id":98},"formatted_date":"08APR2025"},{"id":56317,"article":"Azorra and Delta Material Services (DMS), a wholly owned subsidiary of Delta Air Lines, have entered into a strategic agreement to part out a used Airbus A220-300 aircraft to help alleviate the parts shortages contributing to global Aircraft on Ground (AOG) challenges.\r\n\r\nThe former EGYPTAIR aircraft, which has been delivered and is currently undergoing teardown, is being used to support the repair needs of Delta Air Lines’ fleet and other airlines worldwide by providing A220-300 parts. In addition, Azorra is leasing the engines to Delta to support Delta’s existing A220 fleet. Azorra is the first lessor to develop such a solution for the A220.\r\n\r\nRon Baur, President at Azorra, says: “This strategic partnership with DMS is a clear example of Azorra’s creativity in helping alleviate the challenges seen across commercial aviation today. Airlines globally are working through AOG disruptions and we’re proud to play a role in helping our partners overcome these.\r\n\r\n“We’re big believers in the Airbus A220 and it remains a highly valuable and important asset to Azorra. Parting out this used airframe and leasing its engine is a creative solution that will generate long-term opportunity for the A220 to continue to thrive. We are honored to partner with an industry leader such as DMS to create this win-win result for our A220 customers.”\r\n\r\nMike McBride, Vice President of Maintenance Operations at DMS, says: “Our collaboration with Azorra is vital to ensuring we minimize the disruption caused by the parts shortages and supply chain issues our industry faces. This innovative approach highlights the value of working with our stakeholders to share ideas and address current challenges to benefit all parties.”","title":"Azorra Partners With Delta Material Services (DMS) To Alleviate Global Supply Chain Issues","slug":"azorra-partners-with-delta-material-services--dms--to-alleviate-global-supply-chain-issues","date":"2025-04-08","company":{"image_url":"/uploads/companies/4627/azorra_aviation","name":"Azorra Aviation","id":4627},"formatted_date":"08APR2025"},{"id":56316,"article":"São Paulo, April 07, 2025 – GOL Linhas Aéreas Inteligentes S.A. (B3: GOLL4) (“Company” or “GOL”), one of the main airlines in Brazil, pursuant to Article 157, paragraph 4, of Brazilian Law No. 6,404, dated December 15, 1976, and Resolution No. 44 of the Brazilian Securities and Exchange Commission, dated August 23, 2021, and in connection with the Chapter 11 proceedings initiated by the Company and its subsidiaries under the U.S. Bankruptcy Code before the U.S. Bankruptcy Court for the Southern District of New York (the “Court” and the “Chapter 11 Proceedings,” respectively), hereby informs its shareholders and the market in general that, following extensive negotiations on commercial transaction, the Court has today approved the execution by the Company and its subsidiaries of a series of agreements with The Boeing Company (the “Agreements”), which provide significant benefits to the Company. As of today, the Company has orders for 91 Boeing 737 MAX aircraft.\r\n\r\nThe conclusion of the negotiations with Boeing represents another milestone in GOL’s overall restructuring objectives. Together with the previously disclosed Tax Settlement and in line with the restructuring plan outlined in the Chapter 11 Proceedings (the “Plan”), the Agreements and Tax Settlement will enable an increase to a minimum of US$235 million (any further increase is dependent upon negotiations with other creditors) in capital distribution to general unsecured creditors. For more information regarding the Plan, please refer to the material fact disclosed by the Company on December 9, 2024.\r\n\r\nFinally, GOL reiterates that, under the terms of the Plan, it will significantly reduce its indebtedness by converting into equity or extinguishing up to approximately US$1.7 billion of its pre-Chapter 11 funded debt and up to approximately US$850 million of other obligations. As such, considering that the conversion will be carried out based on the economic value of GOL’s shares prior to the conversion, in accordance with applicable law, a substantial dilution of GOL’s currently outstanding shares is expected (subject to shareholders’ preemptive rights as provided under Brazilian law).","title":"GOL Concludes Negotiations with The Boeing Company","slug":"gol-concludes-negotiations-with-the-boeing-company","date":"2025-04-08","company":{"image_url":"/uploads/companies/153/gol_linhas_aereas","name":"GOL Linhas Aereas","id":153},"formatted_date":"08APR2025"},{"id":56315,"article":"April 7, 2025 – Inventory Locator Service, LLC (ILS), the world’s most dynamic aerospace marketplace, has announced integrations with SmartCert and ProvenAir, industry leaders in digitizing trace and quality documentation for the aviation supply chain. SmartCert automates quality certification management, while ProvenAir uses artificial intelligence (AI) to generate back-to-birth (BtB) trace timelines for life-limited parts. Together, ILS, SmartCert, and ProvenAir are helping suppliers transform documentation visibility from a pain point into a competitive advantage — all while making the buying process faster, trusted, and more transparent across the aviation aftermarket.\r\n\r\nSolving a Longstanding Documentation Challenge\r\nBy integrating SmartCert and ProvenAir with ILS, buyers can now harness cutting-edge technology to revolutionize their purchasing processes. This collaboration actively supports existing goals by enhancing and delivering comprehensive BtB trace insights, thereby empowering buyers with the tools needed to streamline their operations. The partnership builds an environment of trust and transparency, as buyers can confidently verify compliance and traceability, knowing the documentation is both accurate and readily accessible. This innovative approach not only reduces transactional friction but also fosters stronger, more reliable relationships within the aviation aftermarket.\r\n\r\nA First-of-Its-Kind Partnership\r\nILS’ partnership with SmartCert and ProvenAir brings seamless certification availability and BtB trace credibility directly into the ILS platform—an industry-first solution that eliminates inefficiencies and redefines how companies manage documentation. Suppliers using SmartCert or ProvenAir will now have the integrated company logo displayed alongside their ILS inventory listings, signaling to buyers that documentation for those parts is available. By integrating SmartCert’s powerful cert delivery automation and ProvenAir’s robust BtB trace insights with ILS’s global marketplace, we’re setting a new standard for speed, accuracy, and compliance in the aerospace supply chain. \r\n\r\nKey benefits include:\r\n•\tGreater Buyer Confidence – Buyers gain greater assurance of compliance while improving sourcing accuracy and better identifying real, ready-to-ship inventories - enhancing efficiency and reducing documentation concerns.\r\n•\tImproved Supplier Visibility – ILS Suppliers advertising parts with SmartCert and ProvenAir integrations stand out against those with minimal part information, leading to more requests and greater market share.\r\n•\tFaster Transactions – A standardized digital cert process reduces back-and-forth between buyers and sellers, accelerating purchasing decisions. \r\n•\tEnhanced Compliance \u0026 Audit Readiness – Centralized quality documentation simplifies regulatory compliance and streamlines audits for both buyers and suppliers.\r\n\r\nIndustry Reactions\r\n“We are excited to use this enhancement to ILS, it will help our procurement team identify potential sources who meet our client’s needs and streamline our operations overall. ILS and SmartCert’s partnership are demonstrating their commitments to best-in-class procurement practices and client services.” \r\n– Manny Bonomo, President of Diamond Fasteners \r\n\r\n\"The new integration with ProvenAir has revolutionized our supply chain and sales operations. By providing buyers with clear evidence that our listed units are in stock and accompanied by all necessary paperwork, this partnership significantly enhances our visibility and transaction efficiency. ProvenAir’s commitment to excellence in procurement and client service is unmistakably reflected in this innovative collaboration.\" \r\n-Mark Harris, CEO of Stratus Aero Partners\r\n\r\n“Integrating SmartCert into the ILS marketplace is a game-changer for aerospace buyers and suppliers. With streamlined delivery of cert packages, we’re eliminating delays, reducing risk, and ensuring every transaction is built on trust and compliance. This partnership streamlines procurement, enhances traceability, and brings the efficiency the industry demands.”\r\n-Lonni Kieffer, COO \u0026 Co-Founder of SmartCert\r\n\r\n\"Integrating ProvenAir’s digital trace solution gives suppliers a key advantage, reducing friction and eliminating costly manual processes with our dynamic algorithm. As the market leader, ILS joins us in our mission to modernize the supply chain, and we couldn’t be more excited.\"\r\n – James Boccarossa, Founder \u0026 CEO of ProvenAir Technologies\r\n\r\n“With thousands of suppliers listing inventory on ILS, we’re always looking for ways to strengthen buyer confidence and simplify processes for sellers. By partnering with SmartCert and ProvenAir, we’re giving suppliers a powerful new way to highlight their commitment to quality, while making it easier for buyers to evaluate and purchase with confidence.” \r\n- Rob Suhs, Vice President of Global Sales at ILS\r\n","title":"Inventory Locator Service (ILS) Partners with SmartCert and ProvenAir to Enhance Documentation Visibility in the Aviation Aftermarket","slug":"inventory-locator-service--ils--partners-with-smartcert-and-provenair-to-enhance-documentation-visibility-in-the-aviation-aftermarket","date":"2025-04-07","company":{"image_url":"/uploads/companies/98/aviator","name":"AVIATOR","id":98},"formatted_date":"07APR2025"},{"id":56314,"article":"Brings together two highly complementary cultures, fleets, and operations, which will continue to connect communities across America\r\n\r\nCARMEL, Ind. and PHOENIX, April 7, 2025 -- Republic Airways Holdings Inc. and Mesa Air Group, Inc. (NASDAQ: MESA) today announced that they have entered into a definitive agreement to merge and create a leading publicly-traded regional airline company in an all-stock transaction. Upon closing, the combined company will be renamed Republic Airways Holdings Inc. and is expected to remain NASDAQ-listed under the new ticker symbol \"RJET\".\r\n\r\n\"Today's announcement is an exciting next step in Mesa's more than 40-year history, one that represents the best outcome for our shareholders, employees, and all of our stakeholders,\" said Jonathan Ornstein, Mesa's Chairman and Chief Executive Officer. \"By bringing the best of our organizations together, we will create a regional carrier that continues to connect communities across America while providing advancement opportunities to our employees.\"\r\n\r\n\"We're thrilled to combine the Republic and Mesa teams to create one of the world's leading Embraer Jet operators,\" said Bryan Bedford, Republic's President and Chief Executive Officer. \"Republic and Mesa share a common mission to connect communities across America, and we believe that we can better achieve that mission together. With this combination, we are establishing a single, well-capitalized, public company that will benefit from the deep expertise of Republic and Mesa associates, creating value for all stakeholders well into the future.\"\r\n\r\nRepublic Airways Overview\r\n\r\nRepublic Airways has been a leading regional airline since its inception in 1974 and is now one of the largest regional airlines in the United States. Republic has a fleet of more than 240 Embraer 170/175 aircraft and carried approximately 17.5 million passengers on more than 300,000 flights and 591,000 block hours in 2024. The airline primarily serves Northeast and Mid-Atlantic hubs and operates exclusively under long-term capacity purchase agreements with American Airlines, Delta Air Lines and United Airlines. In 2024, Republic delivered strong financial performance, producing net income of approximately $65 million on total revenues of approximately $1.5 billion. During the year then ended, Republic generated total operating expenses of approximately $1.3 billion, of which approximately $117 million is non-cash depreciation and amortization expense, other net non-operating expenses (primarily interest expense) of approximately $50 million, and income tax expense of approximately $22 million, resulting in EBITDA performance of approximately $254 million and pre-tax income of approximately $87 million. As of December 31, 2024, Republic's cash and debt balances were $323 million and $1 billion, respectively, resulting in net leverage of approximately 2.7x. Republic expects to take delivery of 15 new E175 aircraft during 2025 and all of the deliveries are expected to be debt financed.\r\n\r\nCompelling Strategic Rationale\r\n\r\nEconomies of Scale: The proposed combination represents a transformational opportunity to significantly enhance the scale of the combined airlines, both financially, and operationally, with a larger, unified fleet. This will enable more efficient and productive regional flying and crew resource management. The enhanced platform is well positioned for a valuation uplift, supported by a stronger financial profile, increased relevance among global institutional investors, and improved access to capital markets.\r\n\r\nEnhanced Capital and Liquidity Position: Pro forma net leverage at close is expected to be approximately 2.5x and liquidity as a percent of pro forma revenues is expected to be greater than 15%. Together, the combined company will have the financial strength and flexibility to make critical investments, drive sustained profitability, and continue delivering best-in-class customer service under a unified brand. A stronger balance sheet for the combined airline will bolster the Company's ability to navigate market cycles, respond to strategic opportunities, and maintain a flexible capital allocation strategy that optimizes returns for all stakeholders.\r\n\r\nComplementary Networks and Operations: The proposed combination represents a unique opportunity to bring together Mesa's and Republic's networks to establish America's regional airline of choice. The post-merger company will maintain a single fleet of approximately 310 Embraer 170/175 (\"E-Jet\") aircraft, with over 1,250 daily departures, across both airlines' existing flying networks and will operate within Mesa's and Republic's current basing structures and routes. Mesa and Republic will continue to operate under their existing Federal Aviation Administration (FAA) operating certificates until securing a single-operating certificate for the combined airline.\r\n\r\nSynergistic Cultures Rooted in Safety and Reliability: Mesa and Republic share common values and principles, which include an uncompromising focus on providing safe and reliable services for passengers, operational excellence, and a culture which provides career growth and advancement opportunities for associates. Both Mesa and Republic are included in the International Air Transport Association's Operational Safety Audit (IOSA) registry, the internationally recognized standard for airline safety and operational excellence. These principles will be maintained and enhanced by the merger.\r\n\r\nTalented Team Positioned for Exciting Growth Opportunities: The combined company will continue serving key partners, including American Airlines, Delta Air Lines, and United Airlines. The parties expect to retain all flight crews, technicians, and other operational staff within the post-merger entity, which will be led by an experienced and seasoned management team.\r\nOverview of the Combined Company:\r\n\r\nRepublic will continue to support American Airlines, Delta Air Lines, and United Airlines under its existing capacity purchase agreements (\"CPA\"), and Mesa's operations will support United Airlines under a new 10-year CPA, as a result of this transaction. The combined company is expected to produce revenues of approximately $1.9 billion, pretax margins of 7% to 9%, excluding one-time merger and integration costs, and adjusted EBITDA in excess of $320 million. As part of the transaction, Mesa will not contribute any debt to the combined airline. The pro forma cash and debt balances post-merger are forecasted to be $285 million and $1.1 billion, respectively. The transaction is anticipated to deliver value creation for both Mesa and Republic shareholders, who stand to benefit from the ownership of a better capitalized airline with increased economies of scale, due to Republic's strong financial position, stable earnings and cash flow.\r\n\r\nManagement and Governance\r\n\r\nThe combined company will be led by Republic's executive leadership team. The Board of Directors will be comprised of six existing directors from the Republic Board of Directors and one independent director from the Mesa Board of Directors.\r\n\r\nTransaction Details and Conditions to Close\r\n\r\nUpon closing of the transaction, Republic shareholders will own 88% of the combined company's common shares. Mesa shareholders will own a minimum of 6%, and up to 12% of the combined company dependent upon Mesa's achievement of certain pre-closing criteria. All outstanding Mesa debt obligations will be extinguished as a result of the transaction.\r\n\r\nConcurrently with the execution and delivery of the Merger Agreement, Mesa, Republic and United Airlines, Inc. (\"United\"), among other parties, entered into a Three Party Agreement (the \"Three Party Agreement\"), pursuant to which, among other things: (i) Mesa will take certain actions at or prior to the closing of the Merger to dispose of certain assets, extinguish certain liabilities and effectuate certain related transactions; and (ii) United will take certain actions at or prior to the closing of the Merger to facilitate Mesa's actions in the foregoing clause (i).\r\n\r\nThe transaction has been unanimously approved by the Boards of Directors of both companies and is expected to close in either the late third or early fourth quarter of 2025. The transaction is subject to customary closing conditions, including regulatory and shareholder approvals by both companies.\r\n\r\nAdvisors\r\n\r\nSimpson Thacher \u0026 Bartlett LLP is serving as legal counsel and Goldman Sachs \u0026 Co. LLC is serving as financial advisor to Republic Airways.\r\n\r\nFTI Capital Advisors, LLC is serving as financial advisor to Mesa Air Group. Pachulski Stang Ziehl \u0026 Jones LLP and DLA Piper LLP are serving as legal counsel.\r\n\r\nSidley Austin LLP is serving as legal counsel to United.","title":"Republic Airways and Mesa Air Group to Combine, Creating America's Regional Airline of Choice","slug":"republic-airways-and-mesa-air-group-to-combine--creating-america-s-regional-airline-of-choice","date":"2025-04-07","company":{"image_url":"/uploads/companies/1122/republic_airways","name":"Republic Airways","id":1122},"formatted_date":"07APR2025"},{"id":56313,"article":"*Taiwan’s EVA Air has placed a firm order for six long-range A350-1000s and three single-aisle A321neo aircraft, finalising a commitment announced by the airline in March 2025.*\r\n\r\nToulouse, France, 7 April 2025 – Taiwan’s EVA Air has placed a firm order for six long-range A350-1000s and three single-aisle A321neo aircraft, finalising a commitment announced by the airline in March 2025. The new orders will bring EVA Air’s backlog of aircraft to be delivered to 24 A350-1000s and 18 A321neo aircraft. \r\n\r\n“The new additions to our fleet reaffirm our commitment to sustainable aviation and delivering an exceptional travel experience. Both the A350-1000 and A321neo set a high standard in their respective categories, offering remarkable efficiency and comfort to our passengers. As we move forward with our fleet and network expansion plans, we look forward to leveraging the aircraft’s extended range and efficiency to strengthen our market position,” said Clay Sun, President of EVA Air.\r\n\r\n“EVA Air’s new orders underscore the enduring appeal of the A350-1000 Long Range Leader as the benchmark for intercontinental operations, and the A321neo as a leader in regional efficiency. We deeply value EVA Air’s confidence in these latest generation aircraft and stand ready to support their seamless integration into the airline’s fleet for future success,\" said Benoît de Saint-Exupéry, Airbus EVP Sales of the Commercial Aircraft business. \r\n\r\nThe A350 is the world’s most modern and efficient widebody aircraft and has set new standards for intercontinental travel. It offers the longest range capability of any commercial airliner in production today. Powered by the latest generation of Rolls-Royce engines, the aircraft is capable of flying up to 9,700 nautical miles / 18,000 kilometres non-stop, using 25% less fuel than previous generation types and with a similar reduction in carbon emissions. \r\n\r\nAs with all Airbus aircraft, the A350 is already able to operate with up to 50% Sustainable Aviation Fuel (SAF). Airbus is targeting to have its aircraft up to 100% SAF capable by 2030.\r\n\r\nThe A350 Family has received more than 1,360 orders from 60 customers worldwide, with more than 640 aircraft currently in the fleets of 38 operators, flying primarily on long-haul routes.\r\n\r\nThe A321neo is part of the A320neo Family, incorporating the latest technologies including new generation engines, Sharklets and cabin efficiency enablers, which together deliver 20% fuel savings. With over 6,800 orders by more than 90 customers since its launch in 2016, the A321neo has captured more than 80 percent share of the market.","title":"EVA Air expands fleet with more A350-1000 and A321neo aircraft","slug":"eva-air-expands-fleet-with-more-a350-1000-and-a321neo-aircraft","date":"2025-04-07","company":{"image_url":"/uploads/companies/484/airbus","name":"Airbus","id":484},"formatted_date":"07APR2025"},{"id":56312,"article":"Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that it has completed the divestiture of its non-core Landing Gear Overhaul business to GA Telesis for $51 million.\r\n\r\nOn December 20, 2024, AAR announced it had entered into a definitive agreement to divest the business as part of the Company’s strategic plan to optimize its portfolio by investing in core functions that will accelerate its targeted growth and margin expansion initiatives.\r\n\r\n“The divestiture of our Landing Gear Overhaul business is another step to enhance our portfolio and focus on growing our core aviation aftermarket services,” said John M. Holmes, AAR’s Chairman, President and CEO. “I want to thank our Landing Gear team for their many contributions to AAR over the years and wish them and GA Telesis success in the future.”","title":"AAR completes sale of Landing Gear Overhaul business","slug":"aar-completes-sale-of-landing-gear-overhaul-business","date":"2025-04-03","company":{"image_url":"/uploads/companies/699/aar","name":"AAR","id":699},"formatted_date":"03APR2025"},{"id":56311,"article":"St. Athan, Wales, 3rd April 2025, ecube, a Unical Group company, has set a baseline repeatable process for recycling end-of-life aircraft. The aircraft disassembly specialists and its partners were able to reuse, repurpose and recycle 83% of a British Airways Airbus A320 through a repeatable and industrialised process.\r\n\r\necube says:\r\n“This has been an enlightening project for all of us at ecube. Historically aircraft recycling projects have been theoretical. They’ve been modelled on what we think is possible, but not actually tested in practice. This project with BA is the first that is industrialised and therefore offers a repeatable baseline.” \r\n\r\nBritish Airways says:\r\n“This project with ecube supports our BA Better World circular economy strategy and has given us a baseline for our aircraft disposals. It has also provided clarity around how much of an aircraft it is possible to reuse, repurpose, or recycle.”\r\n\r\nTypically, aircraft recycling projects have been modelled. This means they have not looked at actual data, which can lead to overly positive messages on recycling rates. This project is built on real-life results, which will allow the industry to measure its progress.\r\n\r\nThe ecube project recorded the process of the aircraft from arrival to recycling. ecube’s approach was to: \r\n•\tWeigh the aircraft on landing.\r\n•\tDocument each stage of disassembly.\r\n•\tRecord parts for potential reuse in the flying fleet.\r\n•\tIdentify sections to repurpose for training or memorabilia.\r\n•\tLog the recyclable hull materials.\r\n•\tNote the materials that had to go to waste / disposal.\r\n\r\nThe involvement of companies from different parts of the industry ensured that this was a rigorous and comprehensive investigation. ecube’s method was approved by Beyondly, a B Corp environmental compliance scheme and consultancy. Beyondly says: \r\n“Beyondly has approved the validity of ecube’s repeatable process. We can confirm the integrity of ecube’s data and method, which has created a process built on real-life results”.\r\n\r\necube worked to AFRA’s best practice guidelines for disassembly (Aircraft Fleet Recycling Association). The team at AFRA comments:\r\n“We want to take the findings of this project and use them to promote the circular economy in our industry. The aim is to create a coherent standard to work to”. \r\n\r\nAethos stimulates sustainable solutions for recycling of aircraft materials. They said about the project:\r\n“This project has performed a much needed first measurement. The key insight for us is that already 70% of the material can be recycled in line with AFRA’s recyclability rate formula. Our goal is to bring the recycling of aircraft material to a next level. This project has shown what is possible”.\r\nUnical Aviation adds:\u2028“This project is a milestone not just for ecube, but for the entire aviation supply chain. At Unical, we rely on high-quality, responsibly sourced USM to keep fleets flying around the world. A repeatable and data-driven process like this helps us—and the industry—ensure that every aircraft reaches its full value potential at end-of-life.”\r\n\r\necube concluded: \r\n“This is just a start! We want to engage with companies across the aviation industry to see how we can improve upon the 83%. We’d also like to thank the team at British Airways and ecube, along with all our partners who have been involved in this project”.\r\n","title":"ecube sets industry baseline for repeatable \u0026 industrialised recycling of end-of-life aircraft ","slug":"ecube-sets-industry-baseline-for-repeatable---industrialised-recycling-of-end-of-life-aircraft-","date":"2025-04-03","company":{"image_url":"/uploads/companies/3748/ecube.png","name":"ecube","id":3748},"formatted_date":"03APR2025"}],"meta":{"total_count":54859,"current_page":1,"total_pages":1098}}