{"press_releases":[{"id":56417,"article":"• The airline, which becomes the first Spanish company to operate the Boeing 737-8 model, will receive a total of four units in 2025 as part of the leasing agreement with AerCap, reaching twenty by mid-2027.\r\n• The single-aisle aircraft represents a significant improvement in terms of comfort, efficiency, and sustainability compared to the previous generation, capable of reducing fuel consumption and emissions by up to 20%.\r\n\r\nMadrid, May 22, 2025. – Air Europa added the first Boeing 737 MAX to its fleet this Wednesday. With this, the airline, which becomes the first Spanish company to operate the 737-8 model, begins a major renewal of its short- and medium-haul units with a focus on innovation. This variant of the best-selling single-aisle jetliner in the history of commercial aviation represents a notable advance in comfort, efficiency, and sustainability thanks to a design and equipment that significantly improves the aircraft's performance compared to the previous generation.\r\n\r\nThis 737-8 is the first ordered from AerCap, the world's largest lessor at all levels of aircraft leasing, with which Air Europa maintains a close partnership. A total of four aircraft of this model will arrive this year, followed by a dozen in 2026, with a total of twenty arriving by mid-2027.\r\n\r\nAir Europa will begin incorporating 737-8s to cover medium-haul continental routes and, later and eventually, other short-haul routes between domestic destinations. This continues the airline's fleet renewal process, which completed its unification around exclusively Boeing models several years ago.\r\n\r\nThe new Boeing 737 MAX 8 represents a leap forward in its segment. In addition to meeting the most demanding quality and safety standards, it represents a significant improvement in sustainability. With optimized aerodynamics thanks to its design, it features two LEAP_1B engines that allow a range of up to 3,500 miles, increasing its efficiency. All of this, combined with the use of the most advanced systems to calculate the most appropriate routes at all times, allows it to reduce fuel consumption by up to 20% and avoid the emission of up to 3.6 million tons of CO2 per year. With this, the company is accelerating toward its goal of reducing these figures by 30% by 2030 compared to 2015 figures.\r\n\r\nIn terms of comfort, the new 737 MAX family aircraft represents a notable improvement over its competitors. Built with 90% reusable materials and a lighter structure and components, such as its seats, it features 20% larger windows, dynamic LED lighting, and luggage compartments with much greater capacity for the 189 passengers it can carry.\r\n\r\n“The addition of this unit opens a new era for Air Europa. In addition to consolidating our ongoing fleet modernization process, we continue to innovate with cutting-edge technology through aircraft that allow us to continue leading the way in terms of sustainability and efficiency. It is also a model that contributes to reducing operating costs, including maintenance costs, helping us continue to meet our long-term profitability objectives,” says Juan José Hidalgo, President of Air Europa.\r\n\r\nRicardo Cavero, Boeing's vice president of Commercial Sales \u0026 Marketing Europe \u0026 Israel, said: \"Today's delivery of Air Europa's first 737 MAX represents another step in positioning the airline for the future, with investment in the most advanced aeronautical technology that will support Air Europa's growth plans and the decarbonization of its fleet. In addition to reducing overall fuel consumption and emissions, the 737 MAX will contribute to a 50% reduction in noise footprint by reducing the noise generated during takeoffs and landings at Air Europa's hubs at Madrid and Palma de Mallorca airports.\"\r\n\r\n“The delivery of the first 737 MAX marks an important milestone for Air Europa, becoming the first Boeing 737 MAX operator in Spain. AerCap is proud to support Air Europa’s commitment to modernizing its fleet with the most fuel-efficient and sustainable aircraft in the industry. We thank Juan José Hidalgo, Richard Clark, and the entire Air Europa team for their continued collaboration and look forward to continuing to support their success over the coming years,” said Aengus Kelly, CEO of AerCap.","title":"Air Europa adds the first Boeing 737 MAX to its fleet","slug":"air-europa-adds-the-first-boeing-737-max-to-its-fleet","date":"2025-05-22","company":{"image_url":"/uploads/companies/707/air_europa","name":"Air Europa","id":707},"formatted_date":"22MAY2025"},{"id":56416,"article":"BBAM Limited Partnership (\"BBAM\") announced the acquisition of six new Pratt \u0026 Whitney GTF™ engines through a newly signed agreement with the engine manufacturer. The engines were delivered to Incline Aviation III, BBAM's third flagship aviation investment fund. Pratt \u0026 Whitney is an RTX business.\r\n\r\nBBAM's dedicated engine program pairs BBAM's industry-leading origination, leasing and disposition capabilities with deep technical knowledge and experience in engine asset management. Led by a team with over 30 years of experience and supported by the resources of BBAM's full-scale global platform, BBAM manages engines across all vintages and asset types, with upwards of 45 engines / $550M under management.\r\n\r\n\"This transaction marks an exciting milestone for BBAM as we complete our first direct deal with Pratt \u0026 Whitney, a global leader in aircraft engine technology,\" said Steve Zissis, President and Chief Executive Officer of BBAM. \"We're pleased to acquire six new GTF engines directly from the source and see strong demand from our airline customers. We look forward to building a long and successful relationship with the Pratt \u0026 Whitney team.\"\r\n\r\nNick Tomassetti, Vice President, Sales \u0026 Marketing at Pratt \u0026 Whitney, added, \"This deal for six GTF engines marks a new relationship for Pratt \u0026 Whitney and BBAM, one of the world's largest aircraft lessors. The GTF is the most efficient engine for single-aisle aircraft, and will deliver economic and efficiency benefits for BBAM's airline clients worldwide.\"","title":"BBAM Acquires Six New GTF Engines from RTX's Pratt \u0026 Whitney","slug":"bbam-acquires-six-new-gtf-engines-from-rtx-s-pratt---whitney","date":"2025-05-22","company":{"image_url":"/uploads/companies/688/bbam","name":"BBAM","id":688},"formatted_date":"22MAY2025"},{"id":56415,"article":"Zero-emission aviation leader will launch a Hydrogen Centre of Excellence and major manufacturing facility close to Glasgow Airport\r\n\r\nScottish Enterprise have awarded ZeroAvia a £9m Regional Selective Assistance grant to help realise the project alongside company investment, creating hundreds of jobs\r\n\r\nThe manufacturing plans build on UK Government R\u0026D funding and equity investment into ZeroAvia\r\n\r\nScotland’s First Minister John Swinney and UK Government Secretary of State for Scotland Ian Murray launches the new project alongside ZeroAvia CEO Val Miftakhov\r\n\r\n[Everett, WA and Kemble, UK: May 21, 2025] — ZeroAvia today announced that it will build a major manufacturing facility for production of its hydrogen-electric powertrains at the Advanced Manufacturing Innovation District Scotland, close to Glasgow Airport in Renfrewshire.  \r\n \r\nZeroAvia’s Hydrogen Centre of Excellence will support the company in a range of manufacturing operations relating to powertrain production and testing and will also be the company’s primary location for production of advanced high temperature PEM (HTPEM) fuel cell stacks and supporting systems. With nearly 3,000 full engine and component pre-orders agreed with airlines and OEMs – corresponding to over $10 billion in future revenues – ZeroAvia is advancing its production operations to meet demand.  \r\n \r\nThe new facility will complement ZeroAvia’s Propulsion Center of Excellence in Washington State which is focusing primarily on electric motors and power electronics. The company also has plans to expand its R\u0026D and aircraft testing centre at Cotswold Airport in Gloucestershire. \r\n \r\nThe project in Scotland, which will unlock millions in private investment and support hundreds of jobs over the next few years, has been made possible by a £9m Regional Selective Assistance grant from Scottish Enterprise. This follows an equity investment of £20m from the Scottish National Investment Bank into ZeroAvia as part of the company’s Series C funding, with the UK National Wealth Fund investing £32 million as a cornerstone-level investor in the round. The Series C funding round was led by Airbus, Barclays Sustainable Impact Capital and NEOM Investment Fund.\r\n \r\nThe UK Government awarded ZeroAvia and consortium partners £10.5 million to develop the advanced HTPEM fuel cells in 2024 via the Aerospace Technology Institute (ATI) programme in conjunction with the Department for Business and Trade and Innovate UK. The UK Government has awarded ZeroAvia £18.5 million total R\u0026D funding since 2019 to develop their fuel cell and powertrain technology. This support alongside more than $250 million private investment has enabled ZeroAvia to make rapid progress: flying the world’s first hydrogen-electric commercial scale aircraft in 2020, more than doubling the power output to again fly the world’s largest hydrogen-electric aicraft in 2023, manufacturing and shipping fuel cell systems to customers, and securing significant regulatory traction for the certification of its powertrains. \r\n \r\nScotland First Minister John Swinney and Secretary of State for Scotland Ian Murray spoke at an event at Glasgow Airport today (Wednesday 21 May) to launch ZeroAvia’s plans for its manufacturing facility at AMIDS. \r\nJohn Swinney, First Minister of Scotland, said: \r\n \r\n“Scotland has the skills, the talent and the innovation to be at the forefront of efforts to tackle the climate emergency while developing significant new opportunities to grow the economy.”\r\n \r\n“ZeroAvia’s decision to establish a base in Scotland – creating 350 highly-skilled jobs in the process – is the perfect illustration of Scotland’s growing reputation in the global transition to net zero.” \r\n \r\n“By setting out a strategic vision in priority areas such as hydrogen, we are sending a clear statement to investors and businesses that Scotland is at the heart of the green energy revolution. The Hydrogen Centre of Excellence will be at the forefront of fuel cell technology and offers a hugely promising and exciting proposition for sustainable aviation.”\r\n\r\nVal Miftakhov, Founder \u0026 Chief Executive, ZeroAvia, said: \r\n \r\n“Scotland has some unique advantages for ZeroAvia with strong aerospace and engineering skills, a burgeoning hydrogen sector and a clear aviation strategy with potential for early adoption of zero-emission flights. The aviation industry is on the cusp of the biggest transformation since the advent of the jet age, with entirely new propulsion systems set to power the next era of aviation – cleaner flights, better economics and better experiences for all.”  \r\n \r\n“With this new facility, Scotland has a big role to play in driving this transformation. We welcome the grant award from Scottish Enterprise and the support of our equity investors that has enabled us to move into another phase of manufacturing readiness as we progress towards certification of our first engines.” \r\nAdrian Gillespie Chief Executive, Scottish Enterprise, said: \r\n \r\n“It is fantastic that we’ve been able to attract ZeroAvia to Scotland, not only for the jobs they will be creating, but for the hugely important role they can play in ensuring Scotland maintains its reputation for fostering innovative green technologies.” \r\n  \r\n“Making aviation sustainable is crucial to a successful green economy and Scottish Enterprise is fully committed to backing ambitious companies with innovative ideas. ZeroAvia’s decision to come to Scotland is a real boost to our energy transition leadership, as well as being a further example of why Scotland is such a great place for inward investment.” \r\n\r\nScottish Secretary, Ian Murray, said: \r\n \r\n“Crucial investment from the UK Government is helping to develop the fuel cell technology that will be manufactured here in Scotland at this new facility. It will create and sustain hundreds of skilled Scottish jobs, help achieve our net zero goals, and boost the economy. This is a key part of our Plan for Change.”  \r\n \r\n“ZeroAvia’s expansion in Renfrewshire underlined everything that our Brand Scotland campaign champions – promoting Scotland’s goods, services and skilled workforce worldwide. I’m delighted to see this project move forward. It is a perfect example of the UK and Scottish Governments working together to drive innovation and manufacturing in Scotland.” \r\nUK Government Industry Minister, Sarah Jones, said: \r\n \r\n“This is a major vote of confidence from ZeroAvia in both our modern and Industrial Strategy and Scotland’s thriving advanced manufacturing sector, which will create good, well-paid jobs working on the green technologies for the future.” \r\n  \r\n“Made possible with support from the UK Government, this is testament to how industry and government can work together to drive investment, growth and jobs in every corner of the UK, showing our Plan for Change is working.” \r\n\r\nAl Denholm, Chief Executive of Scottish National Investment Bank, said: \r\n \r\n“Decarbonising aviation and developing our hydrogen industry are critical elements in our journey toward a net-zero economy. Having ZeroAvia’s manufacturing base near Glasgow Airport will bring highly skilled jobs to the area, and we’re particularly pleased to see the demand that already exists for this innovative technology.”\r\nThe Advanced Manufacturing Innovation District Scotland (AMIDS) is a collaborative project between Renfrewshire Council and Buccleuch Property which targets establishing Renfrewshire as Scotland’s home for manufacturing innovation. \r\nIain Nicolson Renfrewshire Council Leader,  said: \r\n \r\n“We are delighted to welcome ZeroAvia to AMIDS as they bring cutting-edge technology and expertise to Renfrewshire, and the potential for hundreds of jobs and millions in private investment into the area. Working with Buccleuch Property, we will continue to provide a sector-leading environment for advanced manufacturing and life science businesses to locate and collaborate and we believe ZeroAvia will be the first of many to call AMIDS home in the coming years.” \r\n\r\nGary Elliott, Aerospace Technology Institute, said: \r\n \r\n“ZeroAvia’s new facility in Scotland is fantastic news for the whole of the UK. It shows how investment in aerospace research, made possible by support from the ATI Programme, is delivering jobs and growth right across the country, unlocking private investment and helping address climate change.”\r\n \r\nZeroAvia is advancing certification of a 600kW hydrogen-electric powertrain with the UK CAA, and also working with the regulator as part of its Hydrogen Sandbox Challenge. The company is also developing the next generation of fuel cell aircraft engines with its ZA2000 for 40-80 seat aircraft. Scaling to meet the power and operational requirements for these larger aircraft requires advanced fuel cells with higher power-to-weight ratio. The high temperature fuel cells that ZeroAvia will manufacture in the planned Glasgow facility are key to unlocking fuel cell propulsion for larger aircraft.  \r\n \r\nZeroAvia will advance planning of its facility at AMIDS over the next few months and plans to locate team members at the adjacent National Manufacturing Institute Scotland (NMIS).   ","title":"ZeroAvia to Build Manufacturing Hub in Scotland ","slug":"zeroavia-to-build-manufacturing-hub-in-scotland-","date":"2025-05-21","company":{"image_url":"/uploads/companies/4845/zeroavia","name":"ZeroAvia","id":4845},"formatted_date":"21MAY2025"},{"id":56414,"article":"PHOENIX – Mayor Kate Gallego today announced that STARLUX Airlines intends to begin new nonstop flights between Phoenix Sky Harbor International Airport and Taipei’s Taoyuan Airport.\r\n\r\nThe service, pending final government approvals, would begin early next year, with three to four flights a week.\r\n\r\nThis is the first nonstop air service to Asia for Phoenix and Arizona. Gallego shared the news in her annual State of the City Address. This announcement comes on the heels of the United States largest foreign direct investment ever with Taiwan Semiconductor Manufacturing Company’s plans to invest $165 billion into its Phoenix facilities.\r\n\r\n“Phoenix’s first non-stop flight to Asia reflects the incredible strides we’ve made with our local economy, and our emergence as an international city,” Gallego said. “TSMC’s historic investment in Phoenix has brought thousands of high wage jobs and boosted our reputation as a semiconductor hub, and now it’s helping increase air service demand.”\r\n\r\nSTARLUX Airlines was founded by legendary visionary Captain Kuo-Wei (K.W.) Chang who was the former chairman of EVA Air. In 2018, he launched STARLUX Airlines, his ultimate vision of a five-star airline rivaling the best in the world. With handpicked aircraft and a relentless focus on luxury, STARLUX took off in 2020 and has been redefining premium air travel ever since.\r\n\r\n“I knew from the moment I set foot in Phoenix that STARLUX should make the investment to fly here. Not only is the growth of business between Taipei and Phoenix staggering, it’s a perfect match for our level of service. We are proud and honored to be the first carrier to provide nonstop Asia service for the Phoenix community,” Chairman K.W. Chang said.\r\n\r\nPhoenix international flights add more than $3 billion to the local economy each year per the Airport’s most recent economic impact study. This service alone is estimated to have a $100 million plus economic impact each year.\r\n\r\n\"I am thrilled that STARLUX Airlines has chosen Phoenix Sky Harbor as its newest destination,\" Aviation Director Chad Makovsky said. \"This significant win for Phoenix and our entire region is a testament to the vision and dedication of Mayor Gallego and our City Council as they support the continued growth and modernization of our airport to serve as a top-tier international gateway.\"\r\n\r\nService will initially begin with an A350-900 aircraft that has 306 seats. Tickets will go on sale once government approval is formalized.\r\n\r\nFor more information on all the destinations available to travel to from Phoenix, visit https://www.skyharbor.com/flights/where-we-fly/\r\n","title":"STARLUX Airlines Announce Phoenix’s First Nonstop Flight to Asia","slug":"starlux-airlines-announce-phoenix-s-first-nonstop-flight-to-asia","date":"2025-05-20","company":{"image_url":"/uploads/companies/4592/starlux_airlines","name":"StarLux Airlines","id":4592},"formatted_date":"20MAY2025"},{"id":56413,"article":"Company to Emerge from United States Chapter 11 Process with Strengthened Competitive Position, Balance Sheet and Operational Performance\r\n\r\nNew US$ 1.9 Billion Exit Financing Facility Provides Ample Cash to Support Strategic Execution Following Emergence\r\n\r\nExpects to Complete Chapter 11 Process in June 2025\r\n\r\nSÃO PAULO, May 20, 2025 -- GOL Linhas Aéreas Inteligentes S.A. (B3: GOLL4) (\"Company\" or \"GOL\"), one of the leading airlines in Brazil, today announced that the U.S. Bankruptcy Court has decided to confirm GOL's Chapter 11 Plan of Reorganization (the \"Plan\"). With confirmation secured, GOL remains on track to emerge from its restructuring process in early June 2025.\r\n\r\nThroughout the course of its United States Chapter 11 process, GOL has made significant strides forward in improving its competitive position, financial foundation and operational performance. Key milestones of the process included:\r\n\r\nSecuring US$ 1 billion in debtor-in-possession (\"DIP\") financing, which bolstered liquidity and allowed GOL to re-invest in its aircraft fleet;\r\nNegotiating concession packages totaling US$ 1.1 billion from lessors covering all aircraft in GOL's fleet, including financial support to clear its maintenance backlog while also providing permanent savings on rent and end of lease obligations;\r\nObtaining support from Brazilian banks, including restructuring approximately US$ 150 million of local debentures and access to approximately US$ 340 million of receivables factoring, a critical working capital tool for Brazilian companies;\r\nIdentifying and beginning implementation of a US$ 181 million annual profit improvement program to solidify GOL as one of the most cost competitive airlines in South America;\r\nNegotiating a Plan Support Agreement with Abra Group Limited (\"Abra\") and the Unsecured Creditors Committee to deleverage GOL through a reduction of up to approximately US$ 1.6 billion of prepetition funded debt and up to US$ 0.8 billion of other obligations;\r\nFinalizing an agreement with the Brazilian governmental authorities to reduce unpaid government taxes, contingencies, and other liabilities by approximately US$ 750 million and to generate approximately US$ 184 million of liquidity through 2029;\r\nReaching an agreement with The Boeing Company on modifications of the purchase contracts to provide US$ 262 million of concessions and incremental liquidity through 2029 and over US$ 0.7 billion of total relief; and\r\nSecuring US$ 1.9 billion in exit financing which provides ample liquidity to repay the Company's DIP maturity in full upon emergence, while also providing additional liquidity to support GOL's execution of its business plan.\r\n\r\nThe Company is now positioned to emerge from the process with:\r\n\r\nMeaningfully strengthened balance sheet: Upon emergence, GOL will move forward with a strong liquidity position of approximately US$ 900M and significantly reduced leverage of 5.4x at exit, and projected net leverage of 2.9x by year-end 2027.\r\nOverhauled all-Boeing 737 fleet on track to return to pre-pandemic domestic capacity: In 2024, GOL overhauled over 50 engines and remains on track to have all aircraft in the air by the first quarter of 2026. The Company also continues to strengthen its fleet, with expected delivery of five additional Boeing 737 MAX in 2025.\r\nPositive business momentum built on recent outperformance: As a result of the fleet overhaul, in the fourth quarter of 2024 and first quarter of 2025, GOL's operational and financial performance has exceeded the expectations previously outlined in its 5-Year Plan, with strong and growing demand translating to 17.4% year-over-year recurring EBITDA growth and 19.4% year-over-year net revenue growth in the first quarter.\r\nGOL is entering its next phase with a strong market position and best-in-class customer offering as it continues to rebuild its network in key markets, serving 30 million passengers across 65 domestic destinations and 16 international destinations in 2024. Driven by its mission of being \"First for All,\" GOL offers passengers the largest number of seats, more space between seats and the greatest onboard experience including internet, movies and live TV. Through its Smiles loyalty program, which is the largest loyalty program in Brazil and the second largest program in Latin America, GOL offers customers access to over 50 partner airlines, three co-branded credit card options and over 550,000 product options to redeem on non-travel partners. As the Company continues to execute its proven network expansion strategy, GOL is well-positioned to deploy its rebuilt capacity both domestically and internationally by leveraging its significant presence in key Brazilian hubs. In particular, its strategic global partnerships allow for adding new service profitably to new or underserved domestic and international routes.\r\n\r\nNext Steps\r\nHaving secured confirmation of its Plan, GOL is now focused on completing the final steps necessary to complete its exit from the Chapter 11 process, including its shareholders' meeting to approve the capital increase contemplated under the Plan, which will take place on May 30, 2025. Following implementation of the Plan, Abra will remain GOL's largest indirect shareholder.\r\n\r\nGOL reiterates that, under the terms of the Plan, it will significantly reduce its indebtedness by converting into equity or extinguishing up to approximately US$ 1.6 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).\r\n\r\nAdvisors\r\nIn the context of its restructuring efforts, GOL is working with Milbank LLP as legal advisor, Seabury Securities, LLC as investment banker, lead placement agent for the US$ 1.9 billion exit notes, financial advisor and sole restructuring advisor, BNP Paribas Securities Corp. as bookrunner (B\u0026D) and placement agent for the exit notes, and AlixPartners, LLP as financial advisor. In addition, Lefosse Advogados acts as GOL's Brazilian legal advisor.","title":"GOL Receives U.S. Court Approval for Plan of Reorganization ","slug":"gol-receives-u-s--court-approval-for-plan-of-reorganization-","date":"2025-05-20","company":{"image_url":"/uploads/companies/153/gol_linhas_aereas","name":"GOL Linhas Aereas","id":153},"formatted_date":"20MAY2025"},{"id":56412,"article":"Hamburg, Germany, 20 May 2025 – Wizz Air has taken delivery of its first of 47 A321XLR aircraft. The airline becomes the first in the world to operate the A321XLR powered by Pratt \u0026 Whitney GTF engines, and the first European low cost operator of the type. \r\n\r\nWizz Air’s A321XLRs have 239 seats in a single class configuration featuring the newly designed Airspace cabin with an innovative lighting system and multiple settings to create a perfect environment at different phases of the flight, including boarding, dining, relaxing, sleeping and waking up. With the A321XLR joining its fleet, Wizz Air is enhancing its capacity to connect Europe and the Middle East.\r\n\r\nWizz Air is an all Airbus operator with a fleet of over 230 A320 Family aircraft in operation and 295 left to be delivered.\r\n\r\nThe A321XLR is the next evolutionary step of the A320neo Family, responding to market needs for more range and payload, creating even more flexibility and value for the airlines. It will deliver an unprecedented Xtra Long Range of up to 4,700nm, 30% lower fuel burn per seat compared with previous generation competitor aircraft, as well as reduced NOx emissions and noise. So far, Airbus has secured more than 500 orders for the type. \r\n\r\nAs with all Airbus aircraft, the A321XLR aircraft is already able to operate with up to 50% Sustainable Aviation Fuel (SAF). Airbus is targeting to have its aircraft capable of flying with  up to 100% SAF by 2030.","title":"Airbus delivers first Pratt \u0026 Whitney powered A321XLR to Wizz Air","slug":"airbus-delivers-first-pratt---whitney-powered-a321xlr-to-wizz-air","date":"2025-05-20","company":{"image_url":"/uploads/companies/484/airbus","name":"Airbus","id":484},"formatted_date":"20MAY2025"},{"id":56411,"article":"BermudAir is excited to announce the delivery of its third aircraft, “Niel Jones,” which arrived at L.F. Wade International Airport in Bermuda on Saturday, May 16, 2025. This new addition to BermudAir’s fleet represents a significant step forward in BermudAir’s commitment to providing dependable, high-quality service to passengers. \r\n\r\nNamed in memory of the late Niel Jones, a great friend, proud Bermudian, and pivotal figure in the establishment of BermudAir, this aircraft will ensure that BermudAir continues to operate with greater efficiency, improving its ability to maintain flight schedules and enhance the overall travel experience for valued customers. \r\n\r\nFurthermore, BermudAir will receive its fourth aircraft next month. \r\n\r\n“We are very proud to be doubling our fleet size to enhance our operational capabilities and providing the greatest level of operational resiliency of any airline with a dedicated spare aircraft always on standby,” said Adam Scott, Founder \u0026 CEO BermudAir. “The addition of both our third and fourth aircraft is not only a key step in mitigating operational challenges and enabling continued operational excellence, but this growth enables us to bolster our flight frequencies and to provide increased flexibility in our flight scheduling.” \r\n\r\nHaving spare aircraft ensures Bermudair is exceptionally well-equipped to respond to any unforeseen circumstances and to minimise disruption. With an expanded fleet, BermudAir continues to prioritise safety and its dedication to maintaining exceptional service and reliability, making travel to and from Bermuda even more seamless for travellers. \r\n\r\nThese latest aircraft deliveries come at an exciting time as BermudAir continues to grow its services, with a strategic focus on the growth of key routes for 2025, including new direct connections to Providence, RI, Richmond, VA and Montreal, QC in the coming weeks. ","title":"BermudAir Announces Delivery of Third Aircraft to Strengthen Operations and Enhance Reliability ","slug":"bermudair-announces-delivery-of-third-aircraft-to-strengthen-operations-and-enhance-reliability-","date":"2025-05-20","company":{"image_url":"/uploads/companies/5056/bermudair","name":"Bermudair","id":5056},"formatted_date":"20MAY2025"},{"id":56410,"article":"StandardAero, a leading independent pure-play provider of aerospace engine aftermarket services, including engine maintenance, repair and overhaul (MRO) and engine component repair, has recently expanded its CFM International LEAP-1A and LEAP-1B service offering to include lease engines. StandardAero has partnered with some of the world's leading engine leasing companies to support the needs of Airbus A320neo (LEAP-1A) and Boeing 737 MAX (LEAP-1B) customers worldwide. Engines have already been contracted and are available to support the global LEAP operator community through short-term leases, helping them avoid unwanted aircraft downtime and maximize asset utilization during LEAP MRO events.\r\n\r\nStandardAero supports the LEAP-1A and LEAP-1B as a CFM LEAP Premier MRO provider, having signed the first non-airline CFM Branded Service Agreement (CBSA) in the Americas for the LEAP-1A and LEAP-1B in March 2023. The company’s 810,000 sq. ft. San Antonio facility provides both LEAP quick-turn shop visit (QTSV) and LEAP performance restoration shop visit (PRSV) services, supported by test cells which have been correlated for both engine variants.\r\n\r\nCommenting on the announcement for StandardAero, Will Pitcher, Senior Vice President – Sales, Marketing and Customers said: “StandardAero is pleased to partner with some of the industry’s foremost engine leasing providers to expand our Total Engine Asset Management (TEAM™) service offering for the global LEAP-1A and LEAP-1B customer base. By facilitating the availability of lease engines during MRO shop visits, StandardAero is able to help customers maximize the operational availability of their aircraft, thereby minimizing the overall cost impact associated with maintenance events.”\r\n\r\nStandardAero provides LEAP-1A and LEAP-1B services directly to a range of airline operators and asset managers across North America, Latin America, Europe, the Middle East, South Asia and the Asia-Pacific region. These services – which include engine repair and overhaul, component repair, workscoping/forecasting, engine testing, program management and lease engine support – are offered in a seamless fashion under StandardAero’s TEAM™ services portfolio.\r\n\r\nIn addition to establishing MRO capability for the LEAP-1A and LEAP-1B at its San Antonio facility, StandardAero also continues to industrialize new engine component repairs for the LEAP family through its Component Repair Services (CRS) segment’s network of locations, and its Repair Development Center of Excellence. To date, StandardAero’s CRS team has industrialized more than 300 component repairs for the LEAP-1A and LEAP-1B.\r\n\r\nStandardAero also continues to grow its team of LEAP technicians through its in-house Aviation Mechanic Training Program, located at its San Antonio site’s Training Academy.\r\n\r\nCFM International, the 50/50 joint company between GE Aerospace and Safran Aircraft Engines founded in 1974, has redefined international cooperation and helped change the course of commercial aviation. Today, CFM is the world's leading supplier of commercial aircraft engines with a product line that sets the industry standard for efficiency, reliability, durability, and optimized cost of ownership for narrowbody aircraft. The company produces the LEAP family of engines and supports both LEAP and CFM56 fleets for more than 600 operators worldwide.\r\n\r\nStandardAero will be attending CFM International’s Leasing Conference, taking place in Budapest, Hungary on May 20th, 2025.","title":"StandardAero Adds Lease Engines To Its CFM International LEAP-1A And LEAP-1B Service Offering, Supporting the Airbus A320neo And Boeing 737 MAX Customer Base","slug":"standardaero-adds-lease-engines-to-its-cfm-international-leap-1a-and-leap-1b-service-offering--supporting-the-airbus-a320neo-and-boeing-737-max-customer-base","date":"2025-05-19","company":{"image_url":"/uploads/companies/1189/standardaero","name":"StandardAero","id":1189},"formatted_date":"19MAY2025"},{"id":56409,"article":"ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Keita Ishii, President \u0026 COO; hereinafter \"ITOCHU\") announced today that it has established a new subsidiary, IC Aero Co., Ltd. (headquartered in Minato-ku, Tokyo; Sen Shimizu, President and Chief Executive Officer; hereinafter \"IC Aero\") to expand its aircraft leasing business.\r\n\r\nHaving overcome the temporary stagnation due to the COVID-19 pandemic, air passenger demand has recovered and now surpasses pre-pandemic levels. The total number of worldwide passenger aircraft is expected to increase to approximately 41,000 in 2043 (about 1.6 times more than in 2023) as passenger demand continues to grow. In this context, airlines are actively procuring more equipment which they will operate through the use of leasing products. Already today, leased aircraft constitute approximately half of all passenger aircraft currently in operation around the world.\r\n\r\nSince the 1970s, ITOCHU has operated an aircraft leasing business covering aircraft procurement, the ownership of aircraft and related assets, aircraft sales and lease management services, targeting domestic and overseas customers who invest in aircraft. In 2024, ITOCHU invested in Killick Aerospace Limited (headquartered in Ireland; Russell Starr, CEO), a supplier of end-of-life aircraft through aircraft teardown and recycling and engine leasing, to enhance its position in the aerospace aftermarket.\r\n\r\nITOCHU will, through its newly-established subsidiary IC Aero, provide high quality aircraft leasing products and related services to more customers including airlines in Japan and around the world, reinforcing its procurement, sales and management systems and leveraging its existing expertise in aircraft leasing . In addition, ITOCHU will establish a unique and sustainable aircraft value chain covering the entire aircraft life cycle from new production to end-of-life and retirement.\r\n\r\nOverview of the New Company\r\nCompany name\tIC Aero Co., Ltd.\r\nRepresentative\tSen Shimizu, President and Chief Executive Officer\r\nHeadquarters\t2-5-1 Kita-Aoyama, Minato-ku, Tokyo\r\nDate of incorporation\tApril 1, 2025\r\nCapital\t100 million yen\r\nShareholders\tITOCHU Corporation: 100%","title":"ITOCHU announces the establishment of IC Aero Co., Ltd., a company specialising in aircraft leasing","slug":"itochu-announces-the-establishment-of-ic-aero-co---ltd---a-company-specialising-in-aircraft-leasing","date":"2025-05-19","company":{"image_url":"/uploads/companies/5150/itochu_corporation.png","name":"Itochu Corporation","id":5150},"formatted_date":"19MAY2025"},{"id":56408,"article":"Challenge Group is proud to announce the official launch of its Boeing 777-300ERSF conversion program, marking another major milestone in the Group’s strategic fleet expansion plan.\r\n\r\nAs announced at the start of 2025, Challenge Group will introduce this year the Boeing 777-300ERSF converted freighter into its fleet.\r\n\r\nThis move is set to be a true gamechanger for the organization, strengthening the Group’s existing network and opening up new markets with more efficient and sustainable airfreight and logistics solutions for customers worldwide.\r\n\r\nWith a payload capacity nearing 100 tons, the Boeing 777-300ERSF offers an ideal, competitive solution for high-volume and complex verticals, enabling Challenge Group to further develop strategic trade lanes and better serve global manufacturing hubs.\r\n\r\nIn a historic move, the Group has decided to register the first-ever Boeing 777-300ERSF in the EASA Region under a Maltese AOC (9H), reinforcing Malta’s growing role as a key aviation hub. The Group's teams are already actively working alongside the Maltese Civil Aviation Directorate to integrate the aircraft into the operating certificate, while recruiting and training new pilots for the type rating.\r\n\r\nThis milestone follows the success of Challenge Group’s Boeing 767-300BDSF conversion program, completed in 2024, and is part of a broader fleet modernization and growth strategy.\r\n\r\n\"After the successful completion of the Boeing 767-300BDSF conversion program last year, it’s time for a new challenge!\" said Yossi Shoukroun, CEO of Challenge Group. \"With the purchase of our very first Boeing 777-300ERSF, which has already been successfully relocated from its previous owner to the IAI (Israel Aerospace Industries) conversion plant in Tel Aviv, we are ready to embark on an exciting new journey, giving this passenger aircraft a second life in the world of trade. Additionally, our program foresees the conversion of three further aircraft, with options for an additional four, potentially bringing a total of ten Boeing 777-300ERSFs into our fleet within the next five years...Challenge Accepted!\"\r\n\r\nWith the introduction of the Boeing 777-300ERSF, Challenge Group reinforces its commitment to becoming a key enabler of global trade, delivering tailored, integrated, end-to-end logistics solutions for complex verticals.","title":"Challenge Group embarks on new chapter with launch of Boeing 777-300ERSF conversion program","slug":"challenge-group-embarks-on-new-chapter-with-launch-of-boeing-777-300ersf-conversion-program","date":"2025-05-19","company":{"image_url":"/uploads/companies/2573/challenge_group","name":"Challenge Group","id":2573},"formatted_date":"19MAY2025"},{"id":56407,"article":"(Hanoi, May 16, 2025) – Vietjet and Boeing have announced an agreement to transfer up to 50 Boeing 737 aircraft to Vietjet Thailand—marking a strategic initiative to strengthen aviation and tourism connectivity between Thailand, Vietnam, as well as other countries in the region. The signing ceremony took place in the presence of Vietnam’s Prime Minister Pham Minh Chinh and Thailand’s Prime Minister Paetongtarn Shinawatra during the latter’s first official visit to Vietnam in over a decade.\r\n\r\nUnder the agreement, Vietjet will allocate 50 aircraft from its existing order of 200 Boeing 737s to Vietjet Thailand. The first deliveries are projected to begin in October 2025. This move will significantly expand Vietjet Thailand’s domestic and international flight network, particularly enhancing connections between Vietnam and Thailand.\r\n \r\n“We are pleased to partner with Vietjet and Vietjet Thailand to expand Boeing 737 operations in Vietnam and Thailand,” said Penny Burtt, President of Boeing Southeast Asia. “Together, we aim to connect communities and drive economic development, paving the way for a prosperous future in Vietnam and the dynamic growth region that is Southeast Asia.”\r\n\r\nMadam Nguyen Thi Phuong Thao, Chairwoman of Vietjet, stated at the event: “The transfer of 50 modern and efficient Boeing 737-8 aircraft to Vietjet Thailand demonstrates our long-term commitment to sustainable aviation development in the region. We are determined to implement the ‘Three Connectivity’ strategy between the two countries – encompassing supply chains, businesses, and localities.”\r\n \r\nAs part of the agreement, Boeing will also provide Vietjet Thailand with comprehensive technical support, including pilot, maintenance and engineer training, and product services—ensuring the safe and efficient operation of the new fleet in Thailand.\r\n\r\nThis new agreement marks a new milestone in the deep and effective cooperation between Vietnamese, Thai, and U.S. enterprises, with shared priorities in digital transformation, sustainable development, and narrowing development gaps among member states.\r\n \r\nVietjet Thailand, established in 2014, is a new-age joint venture airline of Vietjet in Thailand, symbolizing the success of ASEAN aviation economic cooperation. Over more than a decade of development, Vietjet Thailand has continuously expanded its fleet and flight network, becoming one of the most dynamic airlines in the Thai market—highly regarded by both local passengers and international travelers in the Land of Smiles. Headquartered at Suvarnabhumi Airport (Bangkok), Vietjet Thailand currently operates 33 domestic and international routes, connecting Thailand’s economic and tourism hubs with Vietnam, Japan, China, India, Cambodia, and other destinations across the region. The airline has served more than 30 million passengers, making significant contributions to tourism, trade, and ASEAN regional cooperation, particularly between Vietnam and Thailand.","title":"Vietnam and Thailand Prime Ministers witness the agreement to transfer 50 Boeing aircraft to Vietjet Thailand","slug":"vietnam-and-thailand-prime-ministers-witness-the-agreement-to-transfer-50-boeing-aircraft-to-vietjet-thailand","date":"2025-05-19","company":{"image_url":"/uploads/companies/2247/vietjet_air","name":"VietJet Air","id":2247},"formatted_date":"19MAY2025"},{"id":56406,"article":"May 19th 2025: Aircraft Leasing \u0026 Management (“ALM”), a wholly owned subsidiary of Fuyo General Lease (“Fuyo”) has announced the purchase by Fuyo of one Airbus A220-300 aircraft from Air Lease Corporation (“ALC”). The aircraft bearing registration EI-HHI (MSN 55168) is subject to an existing lease with ITA Airways, and is the second of its type to join Fuyo’s growing portfolio.\r\n \r\nRoy Webber, Director Asset Management at ALM said: “We are pleased to acquire our second A220-300 on lease with ITA. This acquisition further enhances our position within the market, expanding our portfolio of young, new technology aircraft on lease to a growing and diverse group of airlines”.","title":"Aircraft Leasing \u0026 Management announced the purchase of one A220-300 from Air Lease ","slug":"aircraft-leasing---management-announced-the-purchase-of-one-a220-300-from-air-lease-","date":"2025-05-19","company":{"image_url":"/uploads/companies/2253/alm_aircraft_leasing___management","name":"ALM Aircraft Leasing \u0026 Management","id":2253},"formatted_date":"19MAY2025"},{"id":56405,"article":"Dreamstone Partners, a South Korean aviation finance, investment, and management consulting firm, has formed a consortium with AIP Capital, a U.S.-based global aviation finance and investment management company. The consortium aims to establish an aviation leasing and investment platform to pursue strategic investments in the aviation investment markets of Korea, Asia, and the broader Asia-Pacific region. Recently, AIP Capital participated in Dreamstone Partners’ capital increase, becoming the company’s second-largest shareholder.\r\n\r\nThrough this consortium, Dreamstone Partners has recruited specialists across various fields such as global aviation investment, risk management, legal, and operations. With the establishment of an aviation investment system, the company is now regarded as Korea’s first specialized aviation investment firm, marking a significant upgrade in its business capabilities.\r\n\r\nHeadquartered in Stamford, with offices in New York, Ireland, and Singapore, AIP Capital was founded in 2023 by Mathew Adamo, former CIO of aircraft leasing company Jackson Square Aviation, and Jared Ailstock, a former executive at Goldman Sachs. Since its founding, AIP Capital has recruited numerous investment professionals and, within just two years, has grown its AUM (Assets Under Management) to over KRW 5 trillion. It has also achieved a strategic partnership with aircraft manufacturer Boeing—an uncommon feat in the global aviation investment sector.\r\n\r\nKenneth Kang, CEO of Dreamstone Partners, is recognized as a first-generation expert in Korea’s aircraft investment market. He began his career as a certified public accountant at global consulting firm Deloitte and has led the domestic aviation investment industry since 2013, with a track record of over KRW 3 trillion in aircraft investment and financing advisory.\r\n\r\nThrough the consortium, Dreamstone Partners and AIP Capital will build Korea’s first aviation investment platform to provide investment advisory services. They plan to engage in global aviation finance investments alongside domestic private equity firms and asset management companies through a Co-GP (co-general partner) structure. This investment model, distinct from the traditional single-project structures previously common in Korea, is seen as offering enhanced downside risk protection and more stable returns.\r\n\r\nAccording to sources, the consortium plans to initiate a global M\u0026A RFP process in the second half of 2025 through a leading M\u0026A advisory firm. It also intends to continue acquiring global leasing platforms in cooperation with Korean private equity and asset management firms, with significant interest already expressed by investors. Furthermore, AIP Capital is planning to purchase a large number of Boeing 737 MAX aircraft—considered among the safest aviation assets—through its actively managed KRW 450 billion Pre-Delivery Payment (PDP) financing fund and private debt platform, in partnership with domestic banks and insurance companies. These aircraft will be leased to major global airlines.\r\n\r\nJared Ailstock of AIP Capital stated, “Through the Korea-based consortium aircraft investment platform, we intend to recruit investment professionals and establish a robust investment system, offering integrated services to Korean investors including investment review, execution, and post-management. This represents a strategic approach different from that of traditional foreign aviation investment firms.”\r\n\r\nIn addition, AIP Capital plans to leverage its partnership with Witt Lake Asset Management, a private credit platform with assets under management of approximately KRW 1.5 trillion (USD 1 billion). They aim to collaborate with Korean pension funds and insurance companies. Witt Lake has developed Investment Management Agreements (IMAs) and Separately Managed Accounts (SMAs) for U.S. investors and now plans to expand into the Korean market. In the field of aviation private credit investments, the firm will actively utilize AIP’s expertise in sourcing, structuring, and operations.\r\n\r\nIn 2023, Dreamstone Partners’ subsidiary, Dreamstone Private Equity (PE), raised a KRW 15 billion PEF and completed an LP mezzanine investment for VIG Partners’ acquisition of Eastar Jet. Dreamstone Partners also supported Eastar Jet’s rapid re-entry into the market by leasing three Boeing 737 MAX 8 aircraft received directly from Boeing. Additionally, AIP Capital recently completed the acquisition of four aircraft worth KRW 300 billion that were previously owned by a Korean asset management company.","title":"AIP Capital Enters Korean Market with Partner Dreamstone Global Aircraft Investment Manager","slug":"aip-capital-enters-korean-market-with-partner-dreamstone-global-aircraft-investment-manager","date":"2025-05-18","company":{"image_url":"/uploads/companies/5061/dreamstone_aviation_partners","name":"Dreamstone Aviation Partners","id":5061},"formatted_date":"18MAY2025"},{"id":56404,"article":"GEnx-1B engines chosen for upcoming 787-9 order; reaffirms previous GE9X order for eight 777-9s\r\n\r\n \r\n\r\nADDIS ABABA – May 17, 2025 - Ethiopian Airlines Group and GE Aerospace (NYSE:GE) have signed an agreement confirming Ethiopian’s choice of the GEnx Engine to power 11 new Boeing 787s. This deal increases Ethiopian Airlines’ GEnx-powered fleet from 19 to 30 aircraft, further solidifying the airline’s position as a leader in modern aviation technology. \r\n\r\nEthiopian also signed an agreement with GE Aerospace reaffirming its previous order for GE9X engines to power eight Boeing 777-9 aircraft. The agreement includes options for six additional aircraft powered by GE9X engines.\r\n\r\nThe two deals also include a service agreement to cover the maintenance, repair, and overhaul of the GEnx and GE9X engines underscoring Ethiopian Airlines’ commitment to operational excellence and GE Aerospace’s dedication to supporting the airline’s growth and success.\r\n\r\n“Our partnership with GE Aerospace has been instrumental in enabling us to deliver world-class service to our passengers as Africa’s leading airline,” said Ethiopian Airlines Group CEO Mr. Mesfin Tasew. “These agreements for GE9X and GEnx engines reflect our commitment to fleet modernization, operational efficiency, and sustainability as we continue to connect Africa to the world.”\r\n\r\nGE Aerospace President and CEO, Commercial Engines and Services, Russell Stokes said: “We are honored to deepen our collaboration with Ethiopian Airlines, a valued partner for many years and proud to support their mission to connect the world while advancing the future of sustainable aviation.\"\r\n\r\nThese agreements mark another milestone in the decades-long partnership between Ethiopian Airlines and GE Aerospace that began in 2003. Ethiopian Airlines’ investment in GE Aerospace’s advanced engine technology reflects its commitment to delivering world-class service to passengers while prioritizing sustainability and operational efficiency. \r\n\r\nThe GE9X engine is the world's most powerful commercial aircraft engine and the most fuel-efficient engine in its class. Available only on the Boeing 777X family of 777-9 and 777-8 aircraft, the GE9X offers 10% better specific fuel consumption than its predecessor, the GE90-115B, with emissions that are a generation ahead in technology.\r\n\r\nSince its introduction in 2011, the GEnx engine family has accumulated over 62 million flight hours. It stands as GE Aerospace’s fastest-selling, high-thrust engine to date, with more than 3,600 engines currently in service and backlog, including spare units.  Today, the GEnx engine powers two-thirds of all 787 aircraft currently in operation. Like all GE Aerospace commercial engines, both GEnx and GE9X engines are certified to run on Sustainable Aviation Fuel (SAF) blends today.","title":"Ethiopian Airlines Signs Agreements with GE Aerospace to Power New Widebody Aircraft","slug":"ethiopian-airlines-signs-agreements-with-ge-aerospace-to-power-new-widebody-aircraft","date":"2025-05-17","company":{"image_url":"/uploads/companies/651/ge_aerospace","name":"GE Aerospace","id":651},"formatted_date":"17MAY2025"},{"id":56403,"article":"Brings PK’s Cumulative ABS Issuance to $2 Billion Over the Past Nine Months\r\n\r\nNEW YORK, May 14, 2025 -- PK AirFinance (“PK” or the “Company”), a leading aviation lending platform and affiliate of Apollo (NYSE: APO), has closed its first aircraft loan asset-backed securitization of 2025: PK ALIFT LOAN FUNDING 6 Series 2025-1 (“PKAIR 2025-1”). PKAIR 2025-1 represents PK’s largest ABS transaction to date, issuing approximately $729 million of debt that will be used to acquire the rights to the economics of a portfolio of aviation loans.\r\n\r\nPK ALIFT 2025-1 marks PK’s third commercial aircraft loan ABS issuance since July 2024, with the Company having issued approximately $2 billion of cumulative ABS transactions over the past nine months.\r\n\r\nThe oversubscribed issuance saw broad participation from capital markets participants, including a wide range of institutional investors. Notes are secured by the proceeds of a portfolio of 114 senior-secured aviation loans spanning 50 unique obligors, with first priority liens on over $1.1 billion in underlying metal value.\r\n\r\n“PK is excited to close on 25-1, our largest Loan ABS transaction to date despite turbulent market conditions, with broad investor support that speaks to our track record and strength of our integrated platform,” said Gary Rothschild, CEO of PK AirFinance.\r\n\r\nRothschild continued, “This issuance demonstrates our commitment to the ABS market as a programmatic issuer and the growth of the PKAIR shelf, with over $2 billion of primary-issue ABS since our inaugural transaction in 2024. Ultimately, we view this as a strategic funding advantage, enabling flexible and competitive financing solutions to our airline and lessor clients over the long term.”\r\n\r\nRedding Ridge Asset Management and RBC Capital Markets acted as co-structuring agents on the transaction. RBC Capital Markets, Mizuho Americas, BNP Paribas, SMBC Nikko and Apollo Global Securities served as Joint Bookrunners, with Wells Fargo Securities, PNC Capital Markets LLC, Blackstone Securities Partners L.P. and ATLAS SP acting as Co-Managers.\r\n\r\nMilbank LLP served as issuer counsel and Vedder Price acted as lender counsel.","title":"PK AirFinance Issues $729 Million Aviation Loan ABS","slug":"pk-airfinance-issues--729-million-aviation-loan-abs","date":"2025-05-17","company":{"image_url":"/uploads/companies/2737/pk_airfinance.png","name":"PK AirFinance","id":2737},"formatted_date":"17MAY2025"},{"id":56402,"article":"Capua, Italy – Tecnam Aircraft is proud to announce that Pacific Air Charters Incorporated (PACI) has officially launched on-demand charter services throughout Hawaii, utilizing a dedicated fleet of Tecnam P2012 Travellers. Following recent FAA authorization, PACI is poised to redefine interisland travel with a flexible, safe, and environmentally conscious approach.\r\n\r\nThe Tecnam P2012 Traveller is a state-of-the-art, twin-engine aircraft specifically designed for short-haul operations making it a perfect fit for Hawaii’s neighbor island routes. Manufactured in Capua, Italy, the P2012 offers unmatched versatility with multiple interior configurations and features that ensure comfort, safety, and performance.\r\n\r\n“Our mission at PACI is to offer customizable charter flights designed to meet the unique needs of our clients,” said PACI CEO Marshall Ashley. “We are thrilled to introduce the Tecnam Traveller fleet, which allows us to provide a tailored experience across a wide range of charter needs.”\r\n\r\nPACI’s new services are designed to meet the needs of various groups including business travelers, sporting teams, families, golf groups, sightseeing tourists, DMCs, and tour operators. The nine-passenger P2012 aircraft provides a premium charter experience without the need for TSA screening, enabling faster, more convenient travel.\r\n\r\nFrancesco Sferra, Tecnam’s Sales and Business Development Manager, commented:\r\n“The launch of PACI’s charter operations with our P2012 Travellers is a testament to Tecnam’s commitment to providing modern, efficient, and sustainable air mobility solutions. We’re honored to support PACI’s vision for premium charter services in Hawaii and confident the P2012 will exceed expectations across the board.”\r\n\r\nBeyond passenger comfort, the P2012 also offers capabilities for cargo transport and medevac missions. The aircraft’s advanced avionics and dual-pilot configuration further enhance operational safety and performance.\r\n\r\nPACI is also committed to sustainability, operating its aircraft on G100UL lead-free aviation fuel. The P2012’s advanced Electronic Engine Control system contributes to best-in-class fuel efficiency and reduced environmental impact.\r\n\r\n“We are proud to introduce a fleet that embodies our dedication to safety, reliability, and exceptional customer service,” added Ashley. “Our environmentally friendly aircraft are ready to meet your interisland travel needs, whether for business, leisure, or health-related purposes.”","title":"Tecnam Aircraft Announces Launch Of Pacific Air Charters’ New Hawaiian On Demand Services With P2012 Traveller Fleet","slug":"tecnam-aircraft-announces-launch-of-pacific-air-charters--new-hawaiian-on-demand-services-with-p2012-traveller-fleet","date":"2025-05-16","company":{"image_url":"/uploads/companies/98/aviator","name":"AVIATOR","id":98},"formatted_date":"16MAY2025"},{"id":56401,"article":"São Paulo, May 16, 2025 – GOL Linhas Aéreas Inteligentes S.A. (B3: GOLL4) (“Company” or “GOL”), one of the leading airlines in Brazil, today announced that it has successfully secured binding commitments for US$ 1.90 billion in exit debt financing in connection with the Chapter 11 cases initiated by the Company and its subsidiaries, pursuant to the U.S. Bankruptcy Code, in the U.S. Bankruptcy Court for the Southern District of New York (the \"Exit Financing\").\r\n\r\nDuring the last six months, GOL has conducted a widely marketed process. Following the Bankruptcy Court’s approval of the Company’s backstop agreement with Castlelake, L.P. and Elliott Investment Management, L.P. (the “Anchor Investors”), pursuant to which the Anchor Investors made commitments to purchase up to $1.25 billion of the Company’s exit financing, the Company reached a settlement agreement with an ad hoc group (the “Ad Hoc Group”) of holders of 8.00% Senior Secured Notes due 2026 issued by Gol Finance (Luxembourg), pursuant to which the members of the Ad Hoc Group made commitments to purchase $125 million of the Company’s $1.9 billion of exit financing notes.\r\n\r\nGOL needed to secure US$ 495.5 million in additional commitments to complete the Exit Financing and ultimately received commitments for US$ 796.9 million. Due to this demand, GOL reduced the interest rate of the Exit Financing from 14.625% to 14.375%. Moreover, the Company requested that the Ad Hoc Group agree to reduce its previously disclosed commitment of US$125 million by US$75 million, increasing the total amount available to other investors to US$ 570.5 million. The Ad Hoc Group also agreed to reduce its US$ 10 million “Work Fee” to US$ 4.0 million.\r\n\r\nPursuant to the Exit Financing commitment letters, the participating investors obligated themselves to purchase US$ 1.90 billion (excluding fees and costs paid) in debt instruments to be issued on the effective date of the restructuring plan in the Chapter 11 Cases (the “Plan”). Subject to the Court’s confirmation of the Plan, the Exit Financing will comprise:\r\n US$ 1.250 billion provided by the Anchor Investors;\r\n US$ 50 million provided by the Ad Hoc Group;\r\n US$ 30 million in new money participation in the Company’s 2026 Rights Offering; and\r\n US$ 570 million in commitments by other investors.\r\n\r\nThe Exit Financing will be used to repay the obligations under the debtor-in-possession financing entered into by the Company and its subsidiaries in connection with entry into the Chapter 11 Cases and to pay transaction costs. The financing will also enhance the Company’s liquidity position following its emergence from the Chapter 11 Cases, providing working capital and other support for business operations moving forward.\r\n\r\nAdvisors\r\nIn the context of its restructuring efforts, GOL is working with Milbank LLP as legal advisor, Seabury Securities, LLC as investment banker, lead placement agent for the US$ 1.9 billion exit notes, financial advisor and sole restructuring advisor, BNP Paribas Securities Corp. as bookrunner (B\u0026D) and placement agent for the exit notes, and AlixPartners, LLP as financial advisor. In addition, Lefosse Advogados acts as GOL's Brazilian legal advisor. Special note regarding forward-looking statements","title":"GOL secures $1.9 billion of 5-year exit financing","slug":"gol-secures--1-9-billion-of-5-year-exit-financing","date":"2025-05-16","company":{"image_url":"/uploads/companies/153/gol_linhas_aereas","name":"GOL Linhas Aereas","id":153},"formatted_date":"16MAY2025"},{"id":56400,"article":"London, 16 May 2025 – Etihad Airways, the national airline of the United Arab Emirates, is further expanding its fleet, confirming an order for 28 wide-body Boeing aircraft. Since 2023, the airline has steadily grown its fleet as part of a long-term strategy to double in size by 2030. This reflects Etihad’s ongoing approach to aligning its fleet with evolving network and operational needs.\r\n \r\nThe agreement includes a mix of Boeing 787 and 777X aircraft, powered by GE engines and supported by a services package. These aircraft are expected to join the fleet from 2028 onwards and will support Etihad’s existing plans for growth in connectivity, operational efficiency, and guest experience.\r\n \r\n“This commitment reflects our approach of carefully managing our fleet and expanding in line with demand and our long-term network plans,” said Antonoaldo Neves, Chief Executive Officer, Etihad Airways. “Since 2023, we’ve made consistent additions to our fleet, and this latest step ensures we continue to meet our future requirements.”\r\n \r\nEtihad is currently finalising a detailed plan that will shape the airline’s strategy through to 2035. The additional Boeing aircraft will form part of that evolving roadmap, ensuring the airline is well positioned to deliver extraordinary customer experiences and to remain financially self-sustainable.\r\n \r\n“This addition reflects Abu Dhabi’s ongoing investment in aviation as a key enabler of connectivity, tourism, and trade,” said Neves. “Etihad’s continued growth supports broader economic opportunity in the UAE and beyond.”","title":"Etihad Airways Continues Fleet Expansion with Boeing Agreement","slug":"etihad-airways-continues-fleet-expansion-with-boeing-agreement","date":"2025-05-16","company":{"image_url":"/uploads/companies/445/etihad_airways","name":"Etihad Airways","id":445},"formatted_date":"16MAY2025"},{"id":56399,"article":"Air France-KLM (the “Company”) successfully priced an issuance of €500 million hybrid bonds today, at an annual fixed coupon of 5.75% (yield at 5.875%) until the first reset date (the “Hybrid Bonds”). The Hybrid Bonds, undated and deeply subordinated, will be rated BB by Fitch and B+ by S\u0026P and will qualify for 50% equity credit with both rating agencies. Fitch and S\u0026P reaffirmed Air France-KLM’s long term issuer rating, respectively at BBB- and BB+, with both a Stable outlook.\r\n\r\nThe issue of Hybrid Bonds was very well received by the market with an orderbook of over 1.75 billion euros (representing an oversubscription rate of 3.5 times). This result reflects investors' strong confidence in the Company's strategy and the strength of its credit profile.\r\n\r\nThe estimated net proceeds of the issue of the Hybrid Bonds will be used by the Company for general corporate purposes including the potential refinancing of existing subordinated instruments within the Group. This issue enables the Group to simplify its balance sheet and optimize its cost of financing while maintaining financial flexibility.\r\n\r\nAn application will be made for the Hybrid Bonds to be admitted to trading on Euronext Paris.\r\n","title":"Air France-KLM announces the successful issuance of new hybrid bonds","slug":"air-france-klm-announces-the-successful-issuance-of-new-hybrid-bonds","date":"2025-05-15","company":{"image_url":"/uploads/companies/795/air_france_klm","name":"Air France KLM","id":795},"formatted_date":"15MAY2025"},{"id":56398,"article":"Dallas, Texas – 15 May 2025 – BeauTech Power Systems, LLC (“BeauTech”), a global leader in engine leasing, has completed the acquisition of four Embraer E175 aircraft managed by Altavair L.P. (“Altavair”). All four aircraft remain on lease with LOT Polish Airlines.\r\n\r\nThe transaction marks another aircraft purchase with leases attached and its first collaboration with Altavair—as the company expands its presence in the aircraft leasing sector. The acquisition strengthens BeauTech’s growing portfolio of Embraer E-Jet family aircraft and reflects its increasing focus on mid-life, revenue-generating assets.\r\n\r\nThe aircraft—MSNs 17000125, 17000132, 17000134, and 17000136—are Embraer E175s powered by GE CF34-8E engines. All units are actively operating within LOT’s scheduled European network, supporting the carrier’s regional and short-haul operations.\r\n\r\n“This transaction represents a continued development in BeauTech’s platform evolution,” said Stefanie Jung, SVP – Head of Global Acquisitions at BeauTech. “While our roots are in mid to end-of-life asset management (in particular, engines), the acquisition of leased aircraft demonstrates our ability to access high-quality assets through flexible structures involving in-service aircraft.”\r\n\r\nClive Bowen, Director – Trading at Altavair, commented: “This was a well-structured  transaction with a highly capable counterparty. We appreciated BeauTech’s constructive approach and commitment throughout the process, and we look forward to working together again in the future.”\r\n\r\nAs part of the transaction, BeauTech has assumed all existing lease and servicing responsibilities under the current agreements with LOT. The deal reflects BeauTech’s growing capabilities in structuring and executing complex acquisitions, and highlights the company’s expanding role as a counterparty of choice within the commercial aircraft leasing space.","title":"BeauTech Acquires Four Embraer E175 Aircraft on Lease to LOT Polish Airlines from Altavair","slug":"beautech-acquires-four-embraer-e175-aircraft-on-lease-to-lot-polish-airlines-from-altavair","date":"2025-05-15","company":{"image_url":"/uploads/companies/4350/beautech_power_systems","name":"BeauTech Power Systems","id":4350},"formatted_date":"15MAY2025"},{"id":56397,"article":"Aventure Aviation has acquired its twenty-sixth Boeing 737NG airframe, MSN 30280. This 737-700 aircraft was last operated by Southwest Airlines and will be dismantled by Ascent Aviation Services in Marana, Arizona.\r\n\r\n\"This strategic acquisition underscores Aventure Aviation's ongoing dedication to supporting its global base of 737NG customers,\" said Andrew Crombie, Director of Asset Management.\r\n\r\n\"OEM and supply chain challenges continue to limit the availability of teardown assets. This acquisition significantly re-enforces Aventure’s reputation as a top-tier 737NG parts supplier,\" Crombie added.\r\n\r\n\"Aventure continues to strengthen its unique global aviation investment platform, offering tailored opportunities for investors and leasing companies,\" said Aventure President Talha Faruqi.\r\n\r\n\"Leveraging our teardown management expertise, we provide stakeholders with clear pathways for capital deployment, asset management services, and material consignments,\" Faruqi continued. \"This is increasingly attractive to investors looking for robust options to diversify their portfolios.\"\r\n\r\nAventure is in active discussions with owners, financial institutions, lessors, and airlines to find revenue-generating teardown solutions for idle aircraft.\r\n\r\nAventure Aviation will attend the Air Carriers Purchasing Conference, taking place August 16–19 in Aventure's hometown of Atlanta, Georgia. Representatives will be available to discuss parts supply solutions with airlines, and seek synergies with MRO shops to assist in the significant number of parts Aventure is outsourcing for refurbishment.","title":"Aventure Acquires Former Southwest Boeing 737NG","slug":"aventure-acquires-former-southwest-boeing-737ng","date":"2025-05-15","company":{"image_url":"/uploads/companies/3681/aventure_aviation","name":"Aventure Aviation","id":3681},"formatted_date":"15MAY2025"},{"id":56396,"article":"- The largest widebody engine deal in GE Aerospace history, supporting Qatar Airways’ rapid expansion and driving economic growth in the Middle East \r\n\r\nDOHA - May 14, 2025 - GE Aerospace (NYSE:GE) and Qatar Airways today announced a significant expansion of their long-standing partnership with the signing of multiple deals for new GE9X and GEnx engines during U.S. President Donald J. Trump's visit to Doha. As part of the visit, Qatar Airways has signed an agreement for more than 400 engines, including 60 GE9X and 260 GEnx engines, with additional options and spares, to power its next-generation Boeing 777-9 and Boeing 787 aircraft – the largest widebody engine purchase in the history of GE Aerospace.  \r\n\r\nThe new agreements solidify GE Aerospace’s commitment to Qatar’s thriving aviation industry and build on the previous order for 188 GE9X engines, bringing the total to 248 engines. The addition of GEnx engines for the Boeing 787 fleet supplements their existing 124 engine order, further strengthening the national carrier’s commitment to efficiency and performance.  The two deals also include service agreements to cover the maintenance, repair, and overhaul of the GEnx and GE9X engines. \r\n\r\nQatar Airways Group Chief Executive Officer Engr. Badr Mohammed Al-Meer said: “Our latest agreement with GE Aerospace reflects our confidence in the performance of the GE9X and GEnx engines to power our fleet of Boeing 777-9 and 787 aircraft. These next-generation engines are critical components in our strategy to ensure our fleet remains modern and efficient. Qatar Airways has ambitious plans for the future, and we value our continued partnership with GE Aerospace and their commitment to supporting our operational needs.”  \r\n\r\nGE Aerospace Chairman and CEO H. Lawrence Culp, Jr. said, “We are extremely honored to deepen our relationship with Qatar Airways and grateful to them for placing their trust in us with our largest ever widebody engine deal. Our widebody engines – the GE9X and GEnx – are marvels of modern engineering, with the durability and reliability to power flight across the longest distances. We appreciate President Trump’s support for this historic agreement.”\r\n\r\nThe GE9X engine is the world's most powerful commercial aircraft engine and the most fuel-efficient engine in its class. Available only on the Boeing 777X family of 777-9 and 777-8 aircraft, the GE9X offers 10% better specific fuel consumption than its predecessor, the GE90-115B, with emissions that are a generation ahead in technology.  \r\n\r\nSince its introduction in 2011, the GEnx engine family has accumulated over 62 million flight hours. It stands as GE Aerospace’s fastest-selling, high-thrust engine to date, with more than 3,600 engines currently in service and backlog, including spare units.  Today, the GEnx engine powers two-thirds of all 787 aircraft currently in operation.  \r\n\r\nLike all GE Aerospace commercial engines, both GE9X and GEnx engines are certified to run on Sustainable Aviation Fuel (SAF) blends today.  \r\n\r\nGE Aerospace’s strong partnership with Qatar Airways also extends to providing comprehensive On Wing Support to ensure optimal engine performance and minimize downtime. At the On Wing Support Center in Qatar, GE Aerospace also trains aviation professionals, developing local talent to build a skilled workforce to support the region's aviation ambitions.  ","title":"GE Aerospace and Qatar Airways Strengthen Partnership with Agreement for   400+ GE9X and GEnx engines   ","slug":"ge-aerospace-and-qatar-airways-strengthen-partnership-with-agreement-for---400--ge9x-and-genx-engines---","date":"2025-05-15","company":{"image_url":"/uploads/companies/651/ge_aerospace","name":"GE Aerospace","id":651},"formatted_date":"15MAY2025"},{"id":56395,"article":"Swedish airline renews ATR Global Maintenance Agreement and opts for innovative flight crew training support  \r\n\r\nToulouse, 15 May 2025 – ATR and Braathens Regional Airlines (Braathens) successfully renewed their Global Maintenance Agreement (GMA) for five years. The extension of this comprehensive support package reflects the continued trust that the Swedish operator places in ATR’s unmatched expertise in regional aviation services. \r\n\r\nThe GMA renewal ensures ongoing support for Braathens ATR fleet, including access to a large pool of Line Replaceable Units (LRUs), repair and landing gears overhaul services. This decision underscores ATR’s proven track record in reliability, cost-efficiency, and responsiveness—factors that are vital to the operational success of airlines in today’s competitive landscape.  \r\n\r\nBeyond maintenance services, ATR is also providing tailored training solutions for Braathens flight crews by connecting flight schools’ students with operators looking for motivated young pilots. After a thorough selection, the cadets are now entering a type rating course with the ATR Training Centre before joining Braathens as junior first officers. To support the cadets’ induction, ATR Flight Instructors will provide line training assistance. This collaboration will help Braathens fulfil its need for regional pilots while maintaining high safety and efficiency standards. \r\n\r\nThis renewed partnership highlights the strategic role ATR plays not only as an aircraft manufacturer but also as a long-term partner in operational success. Braathens, which previously offered scheduled and charter services alongside wet leasing, has changed its corporate strategy to focus solely on providing flight capacity to other airlines, like SAS and Austrian Airlines, operating flights on their behalf.  \r\n\r\nTo support this strategic move, Braathens’ ATR fleet will also go from 14 aircraft to 17 by the end of the year, with one of the three ATR 72-600 to be delivered brand new from the ATR final assembly line.  \r\n\r\n“In further strengthening our partnership with ATR, we are reaffirming our confidence in their ability to deliver the consistent, high-quality support our wet-lease operations require,” said Jimmie Bergqvist, deputy Chief Executive Officer of Braathens. “This agreement is not just about parts, logistics and training—it’s about a shared commitment to reliability, safety, and sustainability in regional air transport.” \r\n\r\nStefano Marazzani, ATR’s SVP Customer Support and Services, commented: “Our continued collaboration with Braathens is a testament to the strength of our support and services offering and the confidence our customers place in us. With personalised care, we are able to support our clients’ interests, tailoring our solutions to the needs of their operational environments and business models, beyond typical OEM offers and responsibilities. We are proud to support Braathens in providing essential connectivity for major airlines across Europe, complementing their capacity efficiently and sustainably. We will continue standing by their side, through successes and challenges.”  \r\n\r\nThis collaboration follows a long history between ATR and Braathens, including the successful first ever 100% SAF-powered test flight on a commercial aircraft in June 2022.  \r\n\r\nThe reinforcement of our partnership is yet another token of ATR’s willingness to build mutually beneficial relationships with its customers, broadening the spectrum of what a manufacturer can provide to an airline, and inventing together a sustainable way of thinking regional connections. ","title":"ATR Reinforces Partnership with Braathens to Support Long Term Wet Leasing Activity","slug":"atr-reinforces-partnership-with-braathens-to-support-long-term-wet-leasing-activity","date":"2025-05-15","company":{"image_url":"/uploads/companies/640/atr","name":"ATR","id":640},"formatted_date":"15MAY2025"},{"id":56394,"article":"Boeing Agreement is up to 210 aircraft; 130 787 Dreamliners setting the record as the largest Dreamliner order, and 30 777-9 aircraft, plus 50 option Boeing 787 and 777-9 Aircraft\r\n \r\nGE Aerospace Agreement for more than 400 GE9X and GEnx engines \r\n \r\nDeals announced during President Trump’s visit with His Highness Sheikh Tamim bin Hamad Al Thani Amir of the State of Qatar \r\n\r\nDOHA, Qatar – Qatar Airways today announced that the carrier has placed the largest aircraft order in its history with manufacturing partner Boeing [NYSE: BA].  As part of its strategic fleet growth plan, the landmark order includes up to 210 Boeing widebody jets – 160 firm and 50 option – which is the largest widebody order and the largest 787 Dreamliner order in the American aerospace company’s history.\r\n \r\nQatar Airways has also signed an agreement GE Aerospace (NYSE:GE) for more than 400 engines, including 60 GE9X and 260 GEnx engines, with additional options and spares, to power its next-generation Boeing 777-9 and Boeing 787 aircraft – the largest widebody engine purchase in the history of GE Aerospace. \r\n \r\nAn industry leader, Qatar Airways has been named World’s Best Airline by Skytrax for an unprecedented eight times, and is further investing in its fleet as part of its long-term growth strategy.  \r\n \r\nQatar Airways’ Historic Boeing Widebody Order\r\n \r\nQatar Airways Group Chief Executive Officer Engr. Badr Mohammed Al-Meer said: “We are happy to announce our agreement with Boeing and our partnership in the largest widebody aircraft order in Boeing’s history and the biggest aircraft order in our history. This is a critical next step for Qatar Airways on our path as we invest in the cleanest, youngest and most efficient fleet in global aviation.  This is so we can meet the strong demand in the airline as we seamlessly connect passengers to the world better than anyone.”\r\n \r\nHe continued: “After two consecutive years of record-breaking commercial performance and with this historic Boeing aircraft order – we’re not simply chasing scale; we’re building strength that will allow us to continue to deliver our unmatched products and customer experiences. We thank our partners at Boeing for answering the call and look forward to a future of continued smart growth together.”\r\n \r\nThe order includes:\r\n \r\n130 787 Dreamliners, the long-range, ultra-efficient widebody airplane family that has delivered a 25% fuel-use improvement and superior comfort for passengers.\r\n \r\n30 777-9s, the world’s largest twin-engine airplane that is designed to set new standards in efficiency by reducing fuel use and emissions by 25% compared to the airplanes it replaces, while elevating the passenger flight experience.\r\n \r\nOptions for an additional 50 787 and 777X airplanes.\r\n \r\nBoeing Commercial Airplanes President and CEO, Stephanie Pope, said: “We are deeply honoured that Qatar Airways has placed this record-breaking order with Boeing, one that solidifies their future fleet with our market-leading widebody airplane family at its centre. Our team is looking forward to building 787s and 777s for Qatar Airways into the next decade as they connect more people and businesses around the world with unmatched efficiency and comfort.”\r\n \r\nQatar Airways currently operates more than 150 Boeing airplanes, including 777 and 787 passenger jets and 777 Freighters. With this new purchase, Qatar Airways will become the largest Dreamliner operator in the Middle East.\r\n \r\nQatar Airways’ Largest Widebody Engine Deal in GE Aerospace History\r\n \r\nThe new GE Aerospace agreements solidify the company’s commitment to Qatar’s thriving aviation industry and build on the previous order for 188 GE9X engines, bringing the total to 248 engines. The addition of GEnx engines for the Boeing 787 fleet supplements their existing 124 engine order, further strengthening the national carrier’s commitment to efficiency and performance.  The two deals also include service agreements to cover the maintenance, repair, and overhaul of the GEnx and GE9X engines.\r\n\r\nQatar Airways Group Chief Executive Officer Engr. Badr Mohammed Al-Meer, said: “Our latest agreement with GE Aerospace reflects our confidence in the performance of the GE9X and GEnx engines to power our fleet of Boeing 777-9 and 787 aircraft. These next-generation engines are critical components in our strategy to ensure our fleet remains modern and efficient. Qatar Airways has ambitious plans for the future, and we value our continued partnership with GE Aerospace and their commitment to supporting our operational needs.” \r\n\r\nGE Aerospace Chairman and CEO, H. Lawrence Culp, Jr., said: “We are extremely honoured to deepen our relationship with Qatar Airways and grateful to them for placing their trust in us with our largest ever widebody engine deal. Our widebody engines – the GE9X and GEnx – are marvels of modern engineering, with the durability and reliability to power flight across the longest distances. We appreciate President Trump’s support for this historic agreement.”\r\n \r\nQatar Airways has one of the most modern fleets in the industry and these historic orders with Boeing and GE Aerospace will solidify that leadership for years to come. \r\n","title":"Qatar Airways Makes Historic Deals; Largest Boeing Widebody Order in its History and Largest Widebody Engine Deal in GE Aerospace History","slug":"qatar-airways-makes-historic-deals--largest-boeing-widebody-order-in-its-history-and-largest-widebody-engine-deal-in-ge-aerospace-history","date":"2025-05-14","company":{"image_url":"/uploads/companies/437/qatar_airways","name":"Qatar Airways","id":437},"formatted_date":"14MAY2025"},{"id":56393,"article":"New York, NY (May 14, 2025) — Mitsubishi UFJ Financial Group (MUFG), a global leader in financial services, proudly announces the closing of a $52.3 million upsize for Viva Aerobus, a growing low-cost Mexican airline. This marks the second addition to the existing senior secured portfolio term loan, bringing the total financing to $259.2 million for eight aircraft and four engines.\r\n\r\nMUFG acted as the Sole Structuring Agent and Mandated Lead Arranger. The new round of financing will be used to acquire an additional two A321ceo aircraft by Viva. The total portfolio includes a combination of eight A320/21ceo family aircraft and four PW1133 GTF engines.\r\n\r\nThe deal was recently recognized by Ishka as 2024 Best Commercial Bank Deal of the Year.\r\n\r\nCiprian Rodriguez, Fleet Executive Director of Viva Aerobus, said: “We are excited to deepen our relationship with MUFG, a trusted partner in our long-term fleet strategy. This transaction marks another step forward in optimizing our capital structure through increased aircraft ownership, enabling sustainable growth while strengthening our balance sheet.”\r\n\r\nAqmar Chowdhury, Director, Origination for Americas for MUFG, said: “We are very pleased to continue supporting Viva and finance the acquisiton of these two A321ceos as the airline further increases its share of owned aircraft.”\r\n","title":"MUFG Announces $52 Million Financing to Viva Aerobus","slug":"mufg-announces--52-million-financing-to-viva-aerobus","date":"2025-05-14","company":{"image_url":"/uploads/companies/3656/mitsubishi_ufj_lease___finance","name":"Mitsubishi UFJ Lease \u0026 Finance","id":3656},"formatted_date":"14MAY2025"},{"id":56392,"article":"Aircraft is Leased to Hawaiian Airlines\r\n\r\nCHICAGO, May 14, 2025 – Aircraft Engine Lease Finance, Inc (“AELF”) has acquired an A330-200 aircraft from Avolon. The aircraft, manufacturer’s serial number 1104, is equipped with two Rolls Royce Trent engines and remains on operating lease with Hawaiian Airlines.\r\n\r\n“As we seek to grow our family of high-quality lessees, this acquisition is well in line with our goals. Hawaiian Airlines, with its distinguished history, and now recent acquisition by the Alaska Airlines Group, makes it a strong addition to our portfolio,” said Joe Cirillo, Chief Commercial Officer for AELF. “Our thanks to Avolon on the smooth and successful completion of our first sale transaction.”\r\n\r\nThis is AELF’s first aircraft on lease to Hawaiian Airlines. AELF and Avolon have previously worked together on several engine lease transactions.","title":"AELF Acquires A330-200 From Avolon","slug":"aelf-acquires-a330-200-from-avolon","date":"2025-05-14","company":{"image_url":"/uploads/companies/4696/aelf_aircraft_engine_lease_finance.jpg","name":"AELF Aircraft Engine Lease Finance","id":4696},"formatted_date":"14MAY2025"},{"id":56391,"article":"·        UrbanLink Air Mobility expands its order of REGENT Craft seagliders to 47 Viceroy seagliders.\r\n·        UrbanLink will operate seagliders between key coastal hubs in Southern Florida and Puerto Rico.\r\n·        Seagliders dramatically improve the speed and convenience of regional transportation between coastal cities.\r\n \r\nNorth Kingstown, RI, May 14, 2025 — REGENT Craft, the developer and manufacturer of all-electric seagliders, today announced a major expansion of its partnership with UrbanLink Air Mobility, a pioneering South Florida-based advanced air and maritime mobility company. UrbanLink has increased its order of REGENT Viceroy seagliders to 47, from the 27 announced last fall, positioning Florida as a national leader in next-generation coastal mobility.\r\n \r\nThis milestone marks one of the largest commercial seaglider orders to date and underscores UrbanLink’s confidence in REGENT’s breakthrough maritime technology. The expanded order will support the rapid rollout of UrbanLink’s operations across South Florida and Puerto Rico, with anticipated first deliveries in 2027.\r\n \r\n“UrbanLink’s expanded order is a clear vote of confidence in REGENT’s seaglider technology and is testament to our continued timely execution certification and product development milestones,” said Billy Thalheimer, co-founder and CEO of REGENT. “Together, we’re building a more convenient and connected future for coastal communities.”\r\n \r\nFlorida Seaglider Opportunity\r\nUrbanLink’s order reflects a growing demand for convenient alternatives to short-haul air travel in the U.S. and positions Florida as a hub for innovations in advanced maritime mobility.\r\n \r\n“We’re proud to expand our partnership with REGENT and bring this revolutionary technology to more passengers traveling high-demand routes across Florida and Puerto Rico,” said Ed Wegel, Founder and Chairman of UrbanLink. ““This partnership propels Florida to the forefront of global innovation in advanced, all-electric mobility.”\r\n \r\nWith this expanded fleet, the company will be able to offer high-frequency service across some of the most heavily trafficked short-haul routes in the United States. Seaglider operations based in Miami could serve up to 4.3 million passengers each year.\r\n \r\nSeagliders will provide: \r\n·        Drastically reduced travel times, e.g., Miami to West Palm Beach in 35 minutes\r\n·        Market-driven, all-electric transportation alternatives\r\n·        Congestion relief for overburdened highways and airports\r\n·        Lower operating and infrastructure costs than traditional aircraft or ferries\r\n \r\nThis announcement comes as REGENT’s full-scale Viceroy prototype continues successful sea trials and the company advances toward U.S. Coast Guard certification.","title":"UrbanLink Increases REGENT Seaglider Order, Accelerating Vision for Zero-Emission Coastal Transportation in Florida and Puerto Rico","slug":"urbanlink-increases-regent-seaglider-order--accelerating-vision-for-zero-emission-coastal-transportation-in-florida-and-puerto-rico","date":"2025-05-14","company":{"image_url":"/uploads/companies/5177/urbanlink.png","name":"UrbanLink","id":5177},"formatted_date":"14MAY2025"},{"id":56390,"article":"Toulouse, France, 14 May 2025 – Airbus has delivered the first A321neo to Kuwait Airways, the national carrier of the State of Kuwait. The delivery marks the first of nine A321neo aircraft on order with the airline and is part of Kuwait Airways’ transformation strategy, which includes fleet modernisation to drive growth.\r\n\r\nKuwait Airways’ A321neo features a spacious and modern cabin with 166 seats across two classes - 16 full-flat business class seats offering premium comfort and 150 economy class seats designed for enhanced passenger space. Passengers will enjoy the award-winning Airspace cabin, which offers a quieter and more relaxing atmosphere, with customisable lighting and the latest generation in-flight entertainment and connectivity systems.\r\n\r\nThe A321neo complements Kuwait Airways’ existing A320neo and A330neo fleet, enabling greater flexibility and operational efficiency across its network. The range and capacity of the A321neo makes it ideally suited for regional and medium-haul routes, including seasonal services to South Asian and European destinations.\r\n\r\nKuwait Airways currently operates a fleet of nine Airbus A320neo and six of the latest generation A330neo aircraft. \r\n\r\nAs with all Airbus aircraft, the A321neo 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\nTo date, more than 7,000 A321neo aircraft have been ordered by more than 95 customers across the globe.\r\n","title":"Airbus delivers first A321neo for Kuwait Airways","slug":"airbus-delivers-first-a321neo-for-kuwait-airways","date":"2025-05-14","company":{"image_url":"/uploads/companies/484/airbus","name":"Airbus","id":484},"formatted_date":"14MAY2025"},{"id":56389,"article":"*ZeroAvia will provide ZA600-equipped Cessna Caravan to power initial UK domestic services, likely to be the world’s first hydrogen-electric commercial operations*\r\n\r\n[Kemble, UK \u0026 Everett, WA, USA: May 13th, 2025] — ZeroAvia today announced that it has signed an agreement with RVL Aviation which will see RVL operate Cessna Grand Caravan aircraft retrofitted with ZeroAvia’s hydrogen-electric, zero-emission ZA600 powertrain. Flights within the British Isles will commence once certification for the engine, airframe integration and planned services are obtained and all retrofit and training work is complete.   \r\n \r\nAnalysis performed by RVL and ZeroAvia confirms that the ZA600-enabled Cessna Caravan would meet existing operational requirements while virtually eliminating the climate impact of the operations. There are nearly 1,000 aircraft operating cargo routes around the world today that could in future be powered by ZA600 powertrains.   \r\n \r\nThis current agreement focuses on one type of aircraft, Cessna Caravan 208B, with RVL working with zero-emission specialist MONTE on the aircraft lease. The partners will explore opportunities to launch further small turboprop operations in the growing RVL network based on the success of the initial operations, as well as expand the technology across its other operations when the technology and operating conditions permit.  \r\n \r\nRVL Aviation is a specialist aviation services provider with more than 40 years of experience. The company and its skilled people deliver their expertise to a wide range of Government and private sector organisations, helping to support economic and environmental prosperity agendas. RVL Aviation is headquartered at East Midlands Airport, operating primarily from its hangar and maintenance facility, and its capabilities include airborne survey, aerial surveillance, aerial dispersant services and aircraft charter. \r\n \r\nZeroAvia’s hydrogen-electric engines use hydrogen in fuel cells to generate electricity to power electric motors that turn propulsors, with the only byproduct being water. Analysis suggests that switching to fuel cell propulsion can provide an overall climate impact reduction in the region of 90%.1 Further, hydrogen-electric propulsion can reduce overall operating costs for carriers due to the lower requirement for maintenance and lower fuel costs in the scaled operations.  \r\n\r\nVal Miftakhov, Founder \u0026 CEO, ZeroAvia, said: \r\n“Today is a proud day for all of our team in our pursuit of a clean future of flight as we now have a confirmed launch operator with concrete plans to fly aircraft powered by the ZA600 engine. We have the engine design; we have the integration plans for the launch airframe; we have the solutions to provide the hydrogen fuel; and we have the customers wanting to operate the first routes. We now need to double our attention on the certification testing that will get this route flying and then ramp up production for our other confirmed ZA600 customers.”\r\n\r\nDave Connor, CEO of RVL Aviation, said:  \r\n“This is a genuinely exciting initiative, and it is a crucial step forward for our ambition to be at the heart of the global effort to decarbonise this sector. The team at ZeroAvia has done a remarkable job to lead and progress this technology, and everyone at RVL Aviation is proud to be on this path alongside other forward-thinking businesses. \r\n \r\n“Sustainability is not a single action. Rather it is a series of steps: some small, some large, that add up to the inexorable progress that society demands and we all seek. This zero-emission initiative is a large step, and we look forward to operating the first scheduled commercial flights by this aircraft.” \r\n\r\nZeroAvia has already extensively tested a prototype of its first ZA600-engine aboard a Dornier 228 aircraft at its UK base, with the powertrain currently subject to a certification application with the UK CAA. The company has also performed advanced ground tests in the US and UK for the key building block technologies for the ZA2000 system, including cryogenic tanks for liquid hydrogen fuel storage and proprietary high-temperature PEM fuel cell and electric propulsion systems. ZA2000 will support up to 80 seat regional turboprop aircraft such as the ATR72 or the Dash 8 400.  ","title":"ZeroAvia Launch Operator RVL Aviation to Fly World First Zero-Emission Cargo Services in the UK ","slug":"zeroavia-launch-operator-rvl-aviation-to-fly-world-first-zero-emission-cargo-services-in-the-uk-","date":"2025-05-13","company":{"image_url":"/uploads/companies/4845/zeroavia","name":"ZeroAvia","id":4845},"formatted_date":"13MAY2025"},{"id":56388,"article":"Azorra is today handing over the first of three Airbus A220-300s to Croatia Airlines, the national airline of the Republic of Croatia, marking a new partnership for the lessor and the next step in the airline’s fleet renewal program.   \r\n\r\nDelivered from Azorra’s firm​ order​book with Airbus, the aircraft is performing its ferry flight to ​Croatia today after being assembled at ​the ​​Airbus​ ​​facility ​in Mirabel, Canada. The delivery supports Croatia Airlines as it seeks to replace its existing fleet with 15 Airbus A220s by 2027.\r\n\r\nJohn Evans, CEO and Founder, Azorra, says: “We are thrilled to deliver the first of three new Airbus A220-300s to our friends at Croatia Airlines, an achievement made possible by our strong collaboration with Airbus. This delivery marks the beginning of an exciting new relationship for Azorra, as we work with the airline to enhance operational efficiency and elevate the passenger experience for their customers. We’re proud to support Croatia Airlines’ fleet renewal strategy and are committed to deepening our partnership as they transition to a modern, single-fleet type.”\r\n\r\nBorn from a clean sheet design, the Airbus A220 was ​​purpose-built for efficiency and performance in the 100-160 seat market.  The new technology aircraft offers passengers the widest economy seats in class, large panoramic windows and low noise levels, with a 50% lower noise footprint compared to previous generation aircraft.\r\n\r\n​​Jasmin Bajić, President and CEO, Croatia Airlines, says: “We are delighted to welcome our third new Airbus A220 aircraft, which will bear the name of the heroic Croatian city of Vukovar. We are pleased that today marks another step forward in the biggest project in our company’s history – the renewal of our entire fleet by 2027 – which began last year with the introduction of the first two Airbus A220 aircraft.\r\n\r\n“The arrival of each new aircraft – and we are expecting a total of five this year – enables us to expand our network of destinations, and optimise the flight timetable. We are especially pleased that this season we have introduced five new international routes, further contributing to the development of Croatia’s tourism and the national economy as a whole. I would like to take this opportunity to thank our partners at Azorra, the lessor of the Vukovar aircraft, and the manufacturer Airbus for their excellent collaboration. I believe we share in the collective satisfaction of today’s milestone.”\r\n\r\nCroatia Airlines took delivery of its first two Airbus A220-300s in 2024. Azorra is delivering the airline’s third Airbus A220-300 and has a lease agreement to deliver two further Airbus A220-300s by 2026.\r\n\r\nAs of today, Azorra has delivered six A220-300s from its firm orderbook with Airbus, to airline customers around the world. \r\n","title":"Azorra Delivers First New Airbus A220-300 To Croatia Airlines","slug":"azorra-delivers-first-new-airbus-a220-300-to-croatia-airlines","date":"2025-05-13","company":{"image_url":"/uploads/companies/4627/azorra_aviation","name":"Azorra Aviation","id":4627},"formatted_date":"13MAY2025"},{"id":56387,"article":"- Order supports AviLease's ambition to become a top 10 global aircraft lessor\r\n\r\n- AviLease owns and manages 200 aircraft on lease to 48 airlines\r\n\r\nRIYADH, Saudi Arabia, May 13, 2025 -- Boeing [NYSE: BA] and AviLease, a global aircraft lessor headquartered in Saudi Arabia, announced the lessor has placed its first direct order for Boeing airplanes with a firm purchase for 20 737-8 jets and options for 10 more.\r\n\r\nThe deal enables AviLease to scale up its growing portfolio and provides its customers with the latest generation, fuel-efficient aircraft.\r\n\r\n\"We are pleased to conclude our first direct Original Equipment Manufacturer (OEM) order, complementing our growth strategy towards being at the top of the industry,\" said Edward O'Byrne, CEO of AviLease. \"Building on our recently achieved investment grade ratings, this transaction proves our ability to transact across all market channels, including sale and lease-back, secondary trading, M\u0026A and now direct OEM purchasing. These new aircraft will accelerate our growth and enable us to deliver the industry's latest generation, fuel–efficient fleet solutions. We extend our gratitude to the Boeing team for the strong long-term relationship we have built.\"\r\n\r\nThe single-aisle order aligns with the Kingdom of Saudi Arabia's strategic plan to transform the country into a global aviation hub. The airplanes will support the country's goal of serving 330 million passengers and attracting 150 million visitors annually by 2030.  \r\n\r\n\"We are honored to strengthen our relationship with a key Saudi Arabian commercial aviation partner and expand the global 737 MAX fleet,\" said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing. \"The 737 MAX will diversify AviLease's portfolio by delivering unrivalled fuel efficiency and market-leading versatility. It's a powerful combination that will fuel AviLease's profitable global expansion and support their airline customers' business and sustainability goals.\"\r\n\r\nThe Boeing 737, with a large global customer base and low operating costs, is a cornerstone of the leasing industry, representing approximately 30% of all financed airplanes.","title":"AviLease Places First Direct Boeing Order for up to 30 737 MAX Jets","slug":"avilease-places-first-direct-boeing-order-for-up-to-30-737-max-jets","date":"2025-05-13","company":{"image_url":"/uploads/companies/112/boeing","name":"Boeing","id":112},"formatted_date":"13MAY2025"},{"id":56386,"article":"May 13, 2025 – Fort Lauderdale, Florida; Tokyo, Japan - HALO AirFinance (“HALO”), a joint venture between GA Telesis (“GAT”) and Tokyo Century Corporation (“TC”), recently closed a senior loan for a Crestone Air Partners, Blue Owl Capital investment vehicle. The financing supported the acquisition of a mature Boeing 737-800 currently on lease with a UK-based carrier.\r\n\r\n“This transaction reflects our ongoing strategy to support experienced investors in the mature aircraft space,” said Marc Cho, Co-Head and Managing Director of HALO. “We’re pleased to continue our relationship with the Crestone and Blue Owl teams as they grow their portfolio with high-performing, in-demand assets.”\r\n\r\nThe financing further reinforces HALO’s ability to deliver tailored capital solutions to top-tier aviation investment platforms and underscores its commitment to supporting the secondary market for leased commercial aircraft.","title":"HALO AirFinance Closes Senior Loan for Crestone Air Partners’ Acquisition of Boeing 737-800","slug":"halo-airfinance-closes-senior-loan-for-crestone-air-partners--acquisition-of-boeing-737-800","date":"2025-05-13","company":{"image_url":"/uploads/companies/5003/halo_airfinance","name":"HALO AirFinance","id":5003},"formatted_date":"13MAY2025"},{"id":56385,"article":"Oversubscribed fund highlights strong investor interest in durable, risk-adjusted asset class\r\n\r\nBOCA RATON, Fla.--AE Industrial Partners, LP (“AE Industrial”), a private investment firm specializing in National Security, Aerospace, and Industrial Services, today announced the close of its second aerospace leasing fund, AE Industrial Partners Aerospace Leasing Fund II, LP (“Aerospace Leasing Fund II”), which was oversubscribed with total capital commitments of $418 million, reflecting strong support from both existing and new investors. Commitments came from a diverse mix of institutional investors, including public and private pensions, family offices, and endowments.\r\n\r\nEstablished in 2020, AE Industrial’s aerospace leasing platform leverages its core competencies in sourcing, structuring, and managing late life current technology commercial aircraft and engines, business jets, and special mission aircraft modified for government contracts. To date, Aerospace Leasing Fund II has committed over 35% of its capital to acquire a fleet of 20 assets. With the close of Aerospace Leasing Fund II, AE Industrial broadens its leasing strategy, seeking attractive risk-adjusted returns designed to produce current income and capital appreciation for investors.\r\n\r\n“We are grateful for the strong interest we have seen in our latest fund from both existing and new investors,” said David Rowe, Co-CEO \u0026 Managing Partner at AE Industrial. “This enthusiastic response underscores our team’s deep experience, track record, and global network. It also demonstrates that investors are looking for longer-term opportunities with strong underlying assets that can insulate them from market volatility while providing more predictable returns.”\r\n\r\n“A convergence of industry tailwinds, including production bottlenecks, and airlines becoming more focused on utility and reliability, have continued to drive strong demand for commercial leased aerospace assets. This, coupled with the robust global growth for specialized or modified aircraft, creates unique well-structured investment opportunities,” said Nathan Dickstein, Partner and Head of Aerospace Leasing at AE Industrial. “With our dedicated capital and broader leasing platform, we will continue to provide innovative solutions to our global base of customers.”\r\n","title":"AE Industrial Partners Closes Aerospace Leasing Fund II with $418 Million in Capital Commitments","slug":"ae-industrial-partners-closes-aerospace-leasing-fund-ii-with--418-million-in-capital-commitments","date":"2025-05-13","company":{"image_url":"/uploads/companies/4728/ae_industrial_partners","name":"AE Industrial Partners","id":4728},"formatted_date":"13MAY2025"},{"id":56384,"article":"London, 13 May 2025: Turkish Airlines, a leading global airline, has mandated the first financing structure to use the Sompo AXIS Aviation Finance Insurance (SAAFI), Aviation Non-Payment Insurance (ANPI) product. This transaction, sealed at a signing ceremony in Tokyo, Japan, marks a significant milestone in aviation financing insurance as it is the first time SAAFI has been mandated following its launch earlier this year.\r\n \r\nUnder the terms of the mandate, JP Lease will arrange equity and Sumitomo Mitsui Banking Corporation (SMBC) will provide the debt to Turkish Airlines for the delivery of one A350-900 and one A321-271NX aircraft (both expected in 2026).  SMBC’s loan is supported 100% with an ANPI policy provided by the SAAFI insurers, Sompo and AXIS.  This use of the SAAFI ANPI product in connection with a Japanese Operating Lease with Call Option (JOLCO) structure has allowed Turkish Airlines to significantly lower its all-in cost of financing. The policy was brokered by Willis, a WTW business (NASDAQ: WTW).\r\n \r\n\"We are pleased to be the launching customer of “SAAFI” with the support of our valued insurers Sompo and AXIS, Insurance broker Willis, our long-term business partners SMBC and JP Lease. At Turkish Airlines, we are committed to participating in the development of innovative solutions that support our growth and fleet renewal strategies. With financing models like SAAFI, we not only enhance our financial flexibility and resilience but also reinforce our leadership in the industry,” said Assoc. Prof. Murat Şeker, Turkish Airlines Chief Financial Officer and Member of the Board and the Executive Committee.\r\n \r\nTim Gaul, Financial and Political Risks Underwriter at Sompo said: “Sompo is honoured to have been mandated by our long-term partner Turkish Airlines to launch the SAAFI product on its inaugural financing of two Airbus aircraft. Sompo has extensive experience in the Aviation Non-Payment Insurance market having been involved in the financing of more than 120 aircraft globally over the past eight years. We believe our partnership with AXIS through SAAFI will be a welcome addition to our current suite of aviation financing products available to our customers, with Turkish Airlines the first of many who will benefit from our additional capacity.”  \r\n \r\nRichard Jelf, Senior Underwriter at AXIS said: “AXIS is proud to be bringing the SAAFI product to the aircraft finance market alongside Sompo and thrilled to have Turkish Airlines as our first customer. Building on our extensive experience in the aviation sector, SAAFI is an important addition to our product offerings in the Aircraft Non-Payment Insurance space. Through this initiative, AXIS can partner with new and existing customers, playing an important role in both their growth as well as that of the airline industry.”\r\n \r\nStuart Ashworth, Managing Director of Financial Solutions, Willis, a WTW business, added: \"We are delighted to be able to assist Turkish Airlines and SMBC with this financing. This is also our first SAAFI mandate from Turkish Airlines; an innovative financing solution supporting an innovative, dynamic and forward-thinking airline.\"","title":"Turkish Airlines Announces First Use of the Sompo AXIS Aviation Finance Insurance (SAAFI) Product for New Aircraft Deliveries","slug":"turkish-airlines-announces-first-use-of-the-sompo-axis-aviation-finance-insurance--saafi--product-for-new-aircraft-deliveries","date":"2025-05-13","company":{"image_url":"/uploads/companies/398/turkish_airlines","name":"Turkish Airlines","id":398},"formatted_date":"13MAY2025"},{"id":56383,"article":"13th May 2025:  Aircraft Leasing \u0026 Management (“ALM”), a wholly owned subsidiary of Fuyo General Lease (“Fuyo”), has arranged the lease of two Boeing 737-800 NG aircraft to Garuda Indonesia Airways (“Garuda”).\r\n \r\nThe aircraft bearing registration PK-GUH (MSN 44217) \u0026 PK-GUI (MSN 44218) were previously operated by Regional Express and were transitioned to Garuda in Jakarta.\r\n \r\nHarry Kemp, VP Marketing at ALM, said: “We are delighted to place these B737-800NG aircraft on lease to Garuda, and deepen Fuyo’s relationship with Indonesia’s flag carrier. This transaction also highlights ALM’s ability to successfully market and manage the transition of used aircraft.”\r\n \r\nRahmat Hanafi, Director of Maintenance at Garuda Indonesia, said: “We would like to thank ALM and Fuyo for their support in improving Garuda Indonesia's fleet by delivering two Boeing 737-800NG aircraft.”\r\n \r\nALM acted as transaction arranger and will be the servicer for the duration of the lease.","title":"ALM arranges lease of two B737-800 to Garuda","slug":"alm-arranges-lease-of-two-b737-800-to-garuda","date":"2025-05-13","company":{"image_url":"/uploads/companies/2253/alm_aircraft_leasing___management","name":"ALM Aircraft Leasing \u0026 Management","id":2253},"formatted_date":"13MAY2025"},{"id":56382,"article":"We are proud to announce that Drukair has officially signed a Letter of Intent (LOI) with SMBC Aviation Capital for the lease of a new Airbus A320neo aircraft. \r\n\r\nThe signing took place in Bangkok on May 10, 2025, and marks a major step forward in our fleet renewal and modernization journey. \r\n\r\nThe LOI was signed by the Chairman of Druk Holding and Investments (DHI) in the presence of Drukair’s Chief Executive Officer, underscoring the strategic importance of this acquisition for the future of Bhutanese aviation. \r\n\r\nFollowing a detailed evaluation process, SMBC Aviation Capital was selected as the preferred lessor for offering the most competitive and reliable lease terms. Their proposal aligns with Drukair’s commitment to operational excellence, sustainability, and timely aircraft delivery. \r\n\r\nThe Airbus A320neo is known for its advanced technology, improved fuel efficiency, and lower emissions. \r\n\r\nThis addition strengthens our ability to deliver safer, greener, and more efficient air travel, benefiting both our passengers and the environment. \r\n\r\nWith this new aircraft, Drukair reaffirms its dedication to providing world-class service while connecting Bhutan to the world with greater efficiency and comfort..","title":"Drukair Signs Letter of Intent (LOI) for New Airbus A320neo Lease","slug":"drukair-signs-letter-of-intent--loi--for-new-airbus-a320neo-lease","date":"2025-05-13","company":{"image_url":"/uploads/companies/2064/drukair","name":"Drukair","id":2064},"formatted_date":"13MAY2025"},{"id":56381,"article":"Germany, USA, 12 May 2025 – Elbe Flugzeugwerke GmbH (EFW), center of excellence for Airbus Passenger-to-Freighter (P2F) conversions, today announced the roll out of its first A330P2F aircraft for Air Transport Services Group, Inc. (ATSG). This freighter aircraft is one of 30 Airbus A330P2F conversions that EFW will redeliver to ATSG, a global leader in freighter leasing. ATSG’s commitment to the A330P2F reflects a strategic step, diversifying their existing in-service fleet of 149 aircraft with the addition of next generation wide-body freighters from EFW.\r\n \r\nThe re-delivered A330P2F aircraft is the first freighter aircraft that ATSG is handing over to its customer ULS Airlines Cargo, a Turkish cargo airline. The A330P2F was converted at EFWs facilities in Dresden. In addition to conversions in Dresden, other conversions for ATSG are being carried out at EFW’s partner Turkish Technic in Istanbul and in China.\r\n \r\n“The delivery of our first A330 passenger-to-freighter conversion marks a defining moment in our journey to reshape the future of global air cargo. As the first of 30 conversions, this aircraft represents our commitment to innovation and competitiveness in growing e-commerce markets around the globe. We do not want to just meet demand for capacity - we want to ensure we remain a leading lessor of freighter aircraft,” stated Todd France Chief Commercial Officer of ATSG.\r\n \r\n“We are excited about this first A330 freighter aircraft that ATSG provides to ULS Airlines Cargo. Our next generation widebody freighter solution will be a strong enabler in helping ATSG meet the growing demand for air cargo,” said Lee London, SVP Sales \u0026 Marketing of EFW.\r\n \r\nThe A330P2F program comes in two variants – the A330-200P2F and A330-300P2F – both of which are equipped with advanced technology that offers airlines additional operational and economic benefits. The A330-200P2F can carry a gross payload of up to 60 tons of weight for over 7,700 km, whilst the larger A330-300P2F can carry a gross payload of up to 62 tons with a containerized volume of up to ~18.581ft3 (~526m3).","title":"First A330P2F for EFW customer ATSG enters fleet of operator ULS","slug":"first-a330p2f-for-efw-customer-atsg-enters-fleet-of-operator-uls","date":"2025-05-12","company":{"image_url":"/uploads/companies/734/efw","name":"EFW","id":734},"formatted_date":"12MAY2025"},{"id":56380,"article":"MAPUTO: International consultancy, Knighthood Global, has been appointed by the Mozambique Government to help revitalise the country’s international airline and broader aviation sector.\r\n\r\nThe focus in the first three months will be to stabilise and reposition LAM Mozambique Airlines (Linhas Aéreas de Moçambique SA LAM).\r\n\r\nKnighthood Global’s priority will be to work with the airline’s new shareholders, Hidroeléctrica de Cahora Bassa, SA, Portos e Caminhos de Ferro de Moçambique EP, and Empresa Moçambicana de Seguros SA who have a mandate to procure the appropriate aircraft and re-establish a fleet.\r\n\r\nStakeholder engagement and governance will crucially underpin the advisory process in order to recreate confidence in LAM’s transformation and align all parties behind a single strategy and to address issues of the past.\r\n\r\nIn addition, the right connectivity will support tourism to Mozambique, and importantly, support the development and growth in other key sectors, including mining, oil, and agriculture.\r\n\r\nAbu Dhabi-based Knighthood Global has a history of successfully launching and managing private and government-owned airlines and aviation groups.","title":"Knighthood Global Appointed To Review The Repositioning Of LAM Mozambique Airlines","slug":"knighthood-global-appointed-to-review-the-repositioning-of-lam-mozambique-airlines","date":"2025-05-12","company":{"image_url":"/uploads/companies/5027/knighthood_global","name":"Knighthood Global","id":5027},"formatted_date":"12MAY2025"},{"id":56379,"article":"Boeing 747-400 Freighter Operations to Commence Under Long-Term ACMI Agreement\r\n\r\nWhite Plains, N.Y., May 12, 2025 – Atlas Air Worldwide Holdings, Inc. (“Atlas”), the leading global provider of outsourced aviation logistics, today announced a new long-term ACMI (Aircraft, Crew, Maintenance and Insurance) agreement with Turkish Airlines’ air cargo brand Turkish Cargo, one of the world’s fastest-growing airlines.\r\n\r\nUnder the terms of the agreement, Atlas will operate a Boeing 747-400 freighter on behalf of Turkish Airlines, beginning early May 2025.\r\n\r\nThis new partnership highlights Turkish Cargo’s commitment to expanding its global network and enhancing cargo capacity with flexible, long-range solutions, while leveraging Atlas Air’s widebody expertise and global operating capabilities.\r\n\r\n“We are pleased to partner with Turkish Cargo, a respected leader in the international airfreight sector, and look forward to supporting the company’s ambitious growth plans with our proven track record of performance,” said Michael Steen, Chief Executive Officer, Atlas Air Worldwide. “This long-term agreement demonstrates the continued demand for widebody freighter capacity and underscores the trust airlines place in Atlas to provide safe, reliable, and efficient operations.”\r\n\r\nTurkish Airlines Chairman of the Board and the Executive Committee, Prof. Ahmet Bolat, stated: “Built on mutual trust and a shared vision with Atlas Air, we believe this collaboration will create long-term value and further strengthen our position within the global logistics ecosystem.”\r\n\r\nThe Boeing 747-400 freighter offers a payload capacity of over 110 metric tons and is ideally suited for long-haul cargo operations, providing Turkish Airlines with the ability to serve key trade lanes across its extensive global network.","title":"Atlas Air Worldwide and Turkish Cargo Launch New Strategic Partnership","slug":"atlas-air-worldwide-and-turkish-cargo-launch-new-strategic-partnership","date":"2025-05-12","company":{"image_url":"/uploads/companies/988/atlas_air","name":"Atlas Air","id":988},"formatted_date":"12MAY2025"},{"id":56378,"article":"Dublin, Ireland – May 12, 2025 - ACIA Aero Leasing (“ACIA”), a leading provider of regional aircraft leasing and lease management services and solutions, announced today the delivery of the first of two ATR72-600 passenger aircraft in 72-seat layout on lease to Emerald Airlines, the exclusive operator of Aer Lingus Regional services.\r\n \r\nWith the addition of these two aircraft, Emerald Airlines will operate a total of 20 ATR72-600s.\r\n \r\n“We are continuing to strengthen our customer footprint and are delighted to welcome Emerald Airlines as a new lessee for ACIA.  Emerald Airlines have grown steadily over the last few years and we are proud to add them to the ACIA family,” stated Mick Mooney, ACIA’s Chief Executive Officer.\r\n \r\nCommenting on the announcement, Richard Spencer, Chief Operations Officer at Emerald Airlines said: “The delivery of the first aircraft under this contract, which will join our Dublin-based fleet, will continue to enhance the resilience and reliability of our operations.  As we continue to expand our service offerings across our route network, we look forward to building a strong and successful partnership with ACIA Aero Leasing.”\r\n \r\nBased on data from the UK Civil Aviation Authority’s (CAA) Trends Report for 2024, Emerald Airlines was named the most punctual airline in the UK, 2024.","title":"ACIA Aero Leasing Delivers First of Two ATR72-600s to Emerald Airlines","slug":"acia-aero-leasing-delivers-first-of-two-atr72-600s-to-emerald-airlines","date":"2025-05-12","company":{"image_url":"/uploads/companies/4488/acia_aero_leasing.png","name":"Acia Aero Leasing","id":4488},"formatted_date":"12MAY2025"},{"id":56377,"article":"Beijing, China, May 11, 2025 – Hunnu Air has launched scheduled services with Embraer’s E195-E2 aircraft in Mongolia – the inaugural E2 flight from Ulaanbaatar to Beijing’s Daxing International Airport, also marked the first time the E2 has operated on a scheduled route into mainland China. Today, Hunnu Air, Embraer and Beijing Daxing Airport jointly hosted a ceremony to mark the smooth inauguration of this route, strengthening connectivity between the aviation hubs of Mongolia and China, and fostering closer economic and cultural ties between the two countries.\r\n\r\nThe flight was operated by the first of two new Embraer E195-E2 aircraft delivered to Hunnu Air in April. The airline plans to deploy its E195-E2 aircraft to increase capacity to Haikou, Sanya, Phu Quoc, expanding services to Japan, China, Vietnam, India, South Korea, and to introduce scheduled flights to Tashkent. Hunnu Air’s E195-E2 is configured in a comfortable dual class layout with 136 seats in Embraer’s signature two by two seating; meaning no passenger has to suffer the dreaded middle seat.\r\n\r\n“The launch of this route with our new E195-E2 aircraft reflects Hunnu Air’s determination to expand our international network and symbolizes the deepening friendship and collaboration between Mongolia and China in this new era,” said Munkhjargal Purevjal, CEO of Hunnu Air. “Since 2019, we have operated first-generation E190 aircraft, and the introduction of the E195-E2 serves as the perfect upgrade to meet growing domestic and international travel demands. We expect that E2 will become a backbone of our long-term growth, enabling us to deliver unparalleled connectivity across the region.”\r\n\r\n“Today, we take immense pride in the launch of this route with Hunnu Air’s new E195-E2, the first E2 jet to operate at mainland China. The deployment of the E195-E2 on this key route underscores the depth of our partnership with Hunnu Air and our shared responsibility to ensure safe, efficient, and sustainable operations. We stand firmly with Hunnu Air to support the success of this critical corridor,” said Martyn Holmes, Chief Commercial Officer of Embraer Commercial Aviation. “The rightsized E2 will enable Hunnu Air to profitably grow, unlocking the huge potential of Mongolia and strengthening a growing Asia network.”\r\n\r\nEmbraer has been committed to Mongolia’s aviation market for several years, establishing long-standing partnership with Mongolian airlines in advancing the nation’s aviation capabilities. The first Embraer aircraft – an ERJ 145 entered service in Mongolia in 2018.\r\n\r\nEmbraer’s E-Jets programme is one of the most successful commercial jets in the industry. Collectively, the E-Jets and E-Jets E2 are operated by more than 80 airlines across 50 countries with more than 1,800 units delivered.","title":"Hunnu Air Celebrates Launch of Embraer E2 Services Between Mongolia and China","slug":"hunnu-air-celebrates-launch-of-embraer-e2-services-between-mongolia-and-china","date":"2025-05-11","company":{"image_url":"/uploads/companies/2977/hunnu_air","name":"Hunnu Air","id":2977},"formatted_date":"11MAY2025"},{"id":56376,"article":"Acorn Capital Management announced that Scissortail Aviation International Leasing I Limited (SAIL I Ltd.), an entity managed by Acorn, has successfully completed the acquisition of four Airbus A330-300 aircraft from Altavair L.P. The transaction closed on April 28, 2025. \r\n\r\n\"This represents a significant step forward for Acorn in proving our capability to deliver creative, high-quality structured aviation investments,\" said Justin Chung, Head of Alternative Credit Strategies at Acorn Capital Management. \"We look forward to building on this momentum with our partners at Altavair and appreciate the support from Investec in providing innovative financing solutions.\"\r\n\r\nSenior credit facility was provided by Investec Bank Plc to facilitate the acquisition. Legal counsel was provided by Clifford Chance US LLP, Clyde \u0026 Co LLP, and Milbank.\r\n\r\nThe aircraft are currently on short-term operating leases to a major flag carrier that maintains strong credit fundamentals. EirTrade Aviation, another Acorn portfolio company, will act as servicer and manage the assets beyond the term of the lease, including the disassembly and part out phase of the aircraft's lifecycle.\r\n\r\n\"This is a huge milestone for EirTrade Aviation as we continue to grow our asset management capabilities and further integrate with Acorn's expanding aviation investment strategies,\" said Ken Fitzgibbon, CEO of EirTrade Aviation.\r\n\r\n\"At lease end, EirTrade will support Acorn's efforts to monetize the engines and airframes, drawing on our proven expertise in the A330 segment where market demand for material and greentime engines remains very strong,\" added Lee Carey, Chief Investment Officer of EirTrade Aviation. \"The combination of EirTrade's aftermarket strengths and Acorn's in-house asset financing capabilities will open new avenues for growth and opportunities across the Acorn investment platform.\"\r\n\r\nThis transaction reinforces Acorn's growing presence across the global aviation value chain and highlights the firm's ability to execute complex cross-border lease transactions.","title":"Acorn Capital Management Announces Acquisition of Four A330-300 Aircraft Leased to Major Global Airline","slug":"acorn-capital-management-announces-acquisition-of-four-a330-300-aircraft-leased-to-major-global-airline","date":"2025-05-09","company":{"image_url":"/uploads/companies/98/aviator","name":"AVIATOR","id":98},"formatted_date":"09MAY2025"},{"id":56375,"article":"●\tDelta and Korean to acquire independent equity stakes totaling 25% in WestJet for US$550 million from Onex Partners and its affiliated funds and co-investors (the “Onex Group”)\r\n●\tAgreement will further align airlines’ interests, expand customer benefits and strengthen connectivity between Canada and North America, Europe and Asia and beyond\r\n \r\nDelta Air Lines and Korean Air will strengthen their respective partnerships with WestJet through the purchase of minority equity stakes in the Canadian airline from Onex Partners, the upper middle market private equity platform of Onex, a Canadian investor and alternative asset manager. Affiliated funds and co-investors of the Onex Group intend to participate in the sale alongside Onex Partners. These investments build on each airline’s existing relationship with WestJet to provide further benefits to customers in North America, Europe, Asia and beyond.\r\n \r\nUnder the agreements announced today, Delta and Korean will acquire independent equity stakes totaling 25% in WestJet. Delta will be investing US$330 million and acquiring a 15% stake, and Korean will invest US$220 million in exchange for a 10% stake.\r\n \r\nUpon closing, Delta has the right and intent to sell and transfer a 2.3% stake in WestJet to its Joint Venture partner Air France-KLM, also an existing WestJet partner, in exchange for US$50 million. This separate transaction would remain subject to certain Air France-KLM approvals. The Onex Group will continue to own and control Calgary, Alberta-based WestJet.\r\n \r\nDelta and Korean have each been codeshare partners with WestJet for years. The broader partnerships will support future benefits for travelers, including an elevated, more seamless travel experience for customers worldwide.\r\n \r\n“Investing in a world-class partner like WestJet aligns our interests and ensures that we remain focused on providing a world-class global network and customer experience for travelers in the United States and Canada,” said Delta CEO Ed Bastian. “Together, Delta and our airline partners are connecting the world and transforming the future of travel.”\r\n \r\n“We are pleased to invest in WestJet as part of our continued commitment to enhancing transpacific connectivity,” said Walter Cho, Chairman and CEO of Korean Air and Hanjin Group. “This strategic partnership will enhance our global network and create long-term value for customers through greater choice and convenience.”\r\n \r\n“Delta, Korean and Air France-KLM are among the world’s most prominent and best-managed airlines. Onex is delighted to welcome them as shareholders in WestJet,” said Tawfiq Popatia, Co-Head of Onex Partners.\r\n \r\n“These investments, and the enhanced partnerships they bring, are an endorsement of our people and WestJet’s differentiated performance through an extraordinary period for aviation in recent years,” said WestJet CEO Alexis von Hoensbroech.\r\n \r\nDelta and WestJet have been partners since February 2011, providing an expanded global network and seamless travel options for customers on both sides of the U.S.-Canada border. Delta, which is celebrating its 100th anniversary, has proudly been serving the people of Canada for more than 90 years. In recent years, Delta has made equity investments with several international partners, including Air France-KLM, LATAM, Aeromexico, Virgin Atlantic, China Eastern and Korean Air’s parent company, Hanjin KAL.\r\n \r\nKorean Air and WestJet have partnered since June 2012, steadily expanding their transpacific connectivity. Through their codeshare agreement, travelers on both sides of the Pacific can access flights between Seoul Incheon and Vancouver, Toronto, and Calgary, with onward connections to WestJet’s domestic Canadian and U.S. routes, as well as Korean Air’s extensive Asian network.\r\n \r\nBarclays is acting as financial advisor to WestJet and Onex on the transaction. The agreement is subject to certain regulatory approvals.","title":"Delta, Korean Air to strengthen partnerships with WestJet","slug":"delta--korean-air-to-strengthen-partnerships-with-westjet","date":"2025-05-09","company":{"image_url":"/uploads/companies/399/delta_air_lines","name":"Delta Air Lines","id":399},"formatted_date":"09MAY2025"},{"id":56374,"article":"International Airlines Group (IAG) is ordering 53 new Airbus and Boeing aircraft for its long-haul fleet, comprising 32 Boeing 787-10 aircraft for British Airways and 21 Airbus A330-900neo aircraft, which can be deployed within Aer Lingus, Iberia or LEVEL.\r\n\r\nSubject to shareholder approval at the IAG's Annual General Meeting in June, these new aircraft will enable IAG's airlines to grow and replace their long-haul fleets with modern, fuel-efficient planes. The aircraft will be delivered between 2028 and 2033.\r\n\r\nIn addition, the order with Boeing grants British Airways the rights to elect to purchase up to 10 additional Boeing 787 aircraft and the order with Airbus grants IAG the rights to elect to purchase up to 13 additional Airbus A330-900neo aircraft.\r\n\r\nOf the proposed 53 aircraft, 35 would serve to replace existing aircraft or, in the case of LEVEL, replace short-term leases.\r\n\r\nAs well as the replacements above, the new orders would also allow 18 aircraft for growth in IAG's core markets.\r\n\r\nThe Airbus A330-900neo aircraft will be powered by Rolls-Royce engines. British Airways' Boeing 787-10 aircraft will be powered by General Electric engines. Both engine orders include comprehensive warranty and maintenance packages with Rolls-Royce and General Electric, respectively.\r\n\r\nThese new orders follow orders already placed in March this year, and announced today, for six Airbus A350-900s for Iberia, as well as six Airbus A350-1000s and six Boeing 777-9s for British Airways.\r\n\r\nLuis Gallego, IAG's CEO, said: \"This order marks another milestone in our strategy and transformation programme and underlines our commitment to strengthening our airline brands and enhancing our customer proposition. Looking ahead to the next decade, these new aircraft will enable us to strengthen our core markets and","title":"IAG orders 53 new Airbus and Boeing aircraft for its long-haul fleet","slug":"iag-orders-53-new-airbus-and-boeing-aircraft-for-its-long-haul-fleet","date":"2025-05-09","company":{"image_url":"/uploads/companies/1472/iag_international_airlines_group","name":"IAG International Airlines Group","id":1472},"formatted_date":"09MAY2025"},{"id":56373,"article":"AerFin has successfully completed the teardown of a Boeing 777-300ER, formerly operated by Japan Airlines, marking another major milestone in the company’s growing global operations.  \r\n\r\nThe aircraft is the first in a series of 777s that AerFin will acquire and teardown over the coming 12 months, bringing a supply of high-demand material to the aviation aftermarket. \r\n\r\nThe teardown was completed in New Mexico, with the aircraft’s major components — including nacelles and reverse thrusters — now securely stored in Arizona, and the majority of harvested parts already relocated to AerFin’s Miami warehouse. \r\n\r\nThis strategic acquisition has added high-quality parts to AerFin’s inventory, offering airlines, MROs, and lessors worldwide access to competitively priced, serviceable material for one of the most widely used long-haul aircraft platforms. \r\n\r\nThe completion of this project further demonstrates AerFin’s ability to deliver confident, reliable, and progressive aftermarket solutions for wide-body aircraft — combining deep technical expertise, operational efficiency, and a customer-first approach. \r\n\r\nJacqueline Fernandez, SVP Americas at AerFin, commented: \r\nWe’re proud to bring this B777-300ER material to market at a time when operators are seeking cost-effective, sustainable support for their fleets. With a wide inventory now available from our Miami warehouse, we’re well-positioned to serve customers quickly and efficiently across the Americas and beyond.\r\n\r\nThe Boeing 777-300ER is a cornerstone of many global airline fleets, valued for its range, efficiency, and payload capabilities. By making high-quality used serviceable material (USM) available from this teardown – and a number of teardowns which will be announced in the near future, AerFin is helping operators optimise maintenance costs, minimise downtime, and extend the operational life of their assets — supporting the future of sustainable aviation. \r\n\r\nAerFin continues to invest in expanding its USM offerings across key narrow- and wide-body platforms, ensuring customers have access to the material they need, wherever they are in the world. ","title":"AerFin Expands USM Inventory in the United States Following Completion of B777-300ER Teardown ","slug":"aerfin-expands-usm-inventory-in-the-united-states-following-completion-of-b777-300er-teardown-","date":"2025-05-08","company":{"image_url":"/uploads/companies/2401/aerfin.png","name":"AerFin","id":2401},"formatted_date":"08MAY2025"},{"id":56372,"article":"May 8, 2025 – Fort Lauderdale, Florida; Tokyo, Japan - HALO AirFinance (“HALO”), a joint venture between GA Telesis (“GAT”) and Tokyo Century Corporation (“TC”), recently closed a senior loan for a special purpose entity managed on behalf of Crestone Air Partners and capitalized primarily with funds managed by Blue Owl Capital. The financing supported the acquisition of a Boeing 737-800 currently on lease with a Canadian-based carrier. The loan is the first loan closing of a multi-aircraft and engine portfolio financing.\r\n\r\n“This financing further reflects HALO’s ability to deliver capital solutions that align with the strategic objectives of leading aviation investors,” said Marc Cho, Co-Head and Managing Director of HALO. “We value our continued relationship with Crestone and Blue Owl as they pursue high-quality leased aircraft opportunities.”\r\n\r\n“Financing these aircraft and engines with HALO under a portfolio structure created significant cost and structural efficiencies for us,” states Kevin Milligan, Crestone’s CEO. “Creativity and flexibility are essential in a financing partner, and HALO delivers.”\r\n\r\nThe transaction underscores HALO’s dedication to supporting the global mature aircraft market and providing tailored financing to experienced aviation investment platforms.","title":"HALO AirFinance Closes First Loan of a Multi-Aircraft and Engine Portfolio for Crestone Air Partners","slug":"halo-airfinance-closes-first-loan-of-a-multi-aircraft-and-engine-portfolio-for-crestone-air-partners","date":"2025-05-08","company":{"image_url":"/uploads/companies/5003/halo_airfinance","name":"HALO AirFinance","id":5003},"formatted_date":"08MAY2025"},{"id":56371,"article":"Arendal, Norway, 8 May 2025 - Norse Atlantic Airways has entered into a wet lease agreement with Interglobe Aviation Limited (“IndiGo”) for two more aircraft. This completes the scope of six Boeing\r\n787-9 Dreamliners described in the letter of intent (LOI), published November 29, 2024.\r\n\r\nThe agreement secures additional fixed long-term revenues for Norse Atlantic and reduces the company’s market risk, and is in accordance with Norse Atlantic’s strategy to create strong efficiencies through maximum utilization of the aircraft fleet, combining demand from both ACMI and own scheduled network.\r\n\r\n\"This agreement represents an important milestone in our collaboration with IndiGo and reinforces our partnership with one of the world's leading airlines. The wet lease agreement with a total of six aircraft means that we further strengthen our strategic and financial position in a volatile market\", says Bjørn Tore Larsen, CEO and founder of Norse Atlantic Airways.  \r\n\r\nThe additional two aircraft are expected to start operations by early 2026, serving long haul routes out of India. The initial term of the Agreement is six months, extendable up to 18 months, subject to regulatory approvals. Both parties remain committed to exploring opportunities to further extend this period, subject to regulatory approvals. The first aircraft was delivered in March and is already servicing IndiGo’s Delhi – Bangkok route.\r\n\r\nThe commercial terms of the Agreement for the additional two aircraft are in line with what was communicated by the Company in the announcement of the LOI on 29 November 2024.\r\n\r\nIndiGo is the largest airline in India by passengers carried and fleet size, it is also one of the largest individual airlines in Asia and the world, both in terms of passengers carried, fleet size and market cap. In FY 25 IndiGo carried more than 118 million passengers. Currently, IndiGo operates primarily domestic and regional short to medium haul services out of India but are in the process of expanding its global reach by adding long-haul services. To support its long-haul expansion IndiGo has placed a firm order for 30 Airbus 350-900 wide body aircraft with an option for additional 70 aircraft, with deliveries expected to commence from 2027.","title":"Norse Atlantic completes IndiGo wet-lease agreement with two more aircraft","slug":"norse-atlantic-completes-indigo-wet-lease-agreement-with-two-more-aircraft","date":"2025-05-08","company":{"image_url":"/uploads/companies/4773/norse_atlantic_airways","name":"Norse Atlantic Airways","id":4773},"formatted_date":"08MAY2025"},{"id":56370,"article":"China Airlines Announces Order for Boeing 777X Passenger and Freighter Models\r\n- First 777X customer in Taiwan orders up to 23 of the widebody jets\r\n- Longtime operator of 777 and 747-400, China Airlines will leverage 777X efficiency and capacity to launch long-haul routes\r\n\r\nTAIPEI, May 8, 2025 -- Boeing [NYSE: BA] and China Airlines (CAL) today announced the carrier as the newest 777X customer with an order for 10 777-9 passenger and four 777-8 Freighter airplanes. The first carrier in Taiwan to order the fuel-efficient 777X, China Airlines will leverage the widebody jet's added capacity and range on long-haul routes to North America and Europe.\r\n\r\nIn addition to the firm order, which booked in March 2025 and was posted as unidentified on Boeing's orders and deliveries website, the airline has options to purchase five 777-9s and four 777-8 Freighters. With this order, China Airlines joins an exclusive group of global airlines that have ordered the passenger and freighter variants of the 777X family.\r\n\r\n\"As a long-time operator of the 777-300ER and 777 Freighter, we are excited to welcome Boeing's newest 777X family into our world-class fleet,\" said Kao Shing-Hwang, chairman of China Airlines. \"The advanced technology and features of the 777-9 will provide our customers with the best-in-class flying experience, while the 777-8 Freighter's range and fuel-efficiency will enable us to maintain a leadership position in air cargo. This is a significant investment toward our future, and we will rely on the new 777X family to help realize our long-term sustainability goals.\"\r\n\r\nThe world's largest twin-engine jet, the 777-9 will offer 20% lower fuel use and emissions than the airplanes it replaces, as well as the lowest operating cost per seat of any airplane as it connects far-flung destinations with a range of 7,295 nautical miles (13,510 km). The 777-9 will allow China Airlines to maximize capacity with 426 passengers in a typical two-class configuration while offering exceptional comfort with a more spacious cabin environment.\r\n\r\n\"The 777X will enable us to deliver an enhanced travel experience and greater reliability for our customers,\" added Chen Han-Ming, president of China Airlines.\r\n\r\nGiven the interoperability of the 777X with its current Boeing twin-engine freighters, China Airlines plans to renew its fleet with the new 777-8 Freighter, which offers 747-sized payload capability along with a 30% improvement in fuel efficiency and emissions and up to a 60% smaller noise footprint.\r\n\r\n\"As we welcome China Airlines to the 777X customer family, we are pleased to build on our nearly 60-year partnership that traces back to the 707 and 727,\" said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing. \"We value China Airlines' continued confidence and look forward to delivering the new 777Xs adorned with the beautiful plum blossom livery in the coming years.\"\r\n\r\nCustomers around the world have now ordered more than 520 777X airplanes sustaining thousands of jobs at Boeing's Everett, Wash., site and across the supply chain.  \r\n\r\n\"Operating the 777-9 and 777-8 Freighter will allow China Airlines to add capacity and position the airline for further growth going forward,\" said Dan Schull, Boeing vice president of Commercial Sales, Northeast Asia. \"In addition to these new 777X jets, China Airlines has 787 Dreamliners on order that will further strengthen its world-class fleet for many years to come.\"  \r\n\r\nA leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity.","title":"China Airlines Announces Order for Boeing 777X Passenger and Freighter Models","slug":"china-airlines-announces-order-for-boeing-777x-passenger-and-freighter-models","date":"2025-05-08","company":{"image_url":"/uploads/companies/112/boeing","name":"Boeing","id":112},"formatted_date":"08MAY2025"},{"id":56369,"article":"Phoenix Aviation Capital (\"Phoenix\"), a full-service aircraft lessor, and AIP Capital, an alternative investment manager focused on opportunities in in asset-based finance today announced the acquisition of one Boeing 787-8 aircraft on long-term lease with LOT Polish Airways.\r\n\r\nThe aircraft acquired by Phoenix, bearing manufacturers serial number 35942, is a 2014 vintage Boeing 787-8 powered by Trent 1000 engines. In September 2024, Phoenix had placed four next-generation Boeing 737 MAX 8 aircraft on long-term lease with LOT Polish Airways.\r\n\r\nVinson \u0026 Elkins LLP served as transaction counsel and KPMG acted as tax advisor to AIP Capital.","title":"Phoenix Aviation Capital Acquires one Boeing 787-8 Aircraft on Lease with LOT Polish","slug":"phoenix-aviation-capital-acquires-one-boeing-787-8-aircraft-on-lease-with-lot-polish","date":"2025-05-07","company":{"image_url":"/uploads/companies/5136/phoenix_aviation_capital.png","name":"Phoenix Aviation Capital","id":5136},"formatted_date":"07MAY2025"},{"id":56368,"article":"FL Technics, a global MRO (Maintenance, Repair \u0026 Overhaul) provider and subsidiary of Avia Solutions Group, has successfully received official approval for maintenance services on Boeing 737 MAX aircraft. The approval, granted under EASA Part-145 regulations, covers both the Boeing 737-8 and 737-9 models equipped with CFM LEAP-1B engines.  \r\n\r\nThis development allows FL Technics to perform heavy maintenance operations at its facilities in Kaunas and Vilnius, Lithuania. According to Juozas Lapeika, Deputy CEO for Base Maintenance at FL Technics, this approval reinforces FL Technics’ position as a top-tier MRO partner for next-generation narrow-body aircraft in Europe and beyond.  \r\n\r\n“With the market transitioning toward newer, more sustainable aircraft, this capability helps us stay ahead of fleet evolution and continue delivering high-quality service across the region,” states Juozas Lapeika, Deputy CEO for Base Maintenance at FL Technics.  \r\n\r\n“Our continued investments in infrastructure, technology and talents ensure that FL Technics remains a reliable partner as the industry advances,” adds Zilvinas Lapinskas, CEO of FL Technics. “Approval for Boeing 737 MAX base maintenance is a natural step in our growth, and one that reflects our readiness to meet long-term client and market expectations.”  ","title":"FL Technics expands EASA approval for Boeing 737 MAX base maintenance ","slug":"fl-technics-expands-easa-approval-for-boeing-737-max-base-maintenance-","date":"2025-05-07","company":{"image_url":"/uploads/companies/925/fl_technics","name":"FL Technics","id":925},"formatted_date":"07MAY2025"}],"meta":{"total_count":54916,"current_page":1,"total_pages":1099}}