7 Air, a U.S.-based cargo carrier, has announced plans to expand its freighter fleet by acquiring three additional B737-800F aircraft by the end of 2025. The move aligns with the airline’s strategy to scale operations in response to rising demand for e-commerce and regional cargo logistics.
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GOL Linhas Aéreas, the Brazilian low-cost carrier currently undergoing restructuring proceedings, has submitted a request to the court to approve entry into a lease agreement for one Boeing 737-800BCF, bearing serial number 33551. The lease arrangement is with UMBF (Ireland) as lessor, under terms defined in a Letter of Intent (LOI). BBAM Aviation Services (Ireland) is designated as the servicer of the aircraft.
Air Astana Group, the national airline group of Kazakhstan, has reported strong financial results for the third quarter of 2024, achieving a 10.4% increase in total revenue and other income, reaching $410 million. The group’s adjusted EBITDAR rose by 12.6% to $128.8 million, reflecting operational efficiency and growing demand across its network. With a robust…
Sichuan Airlines (China) has taken delivery of a new Airbus A320neo, identified by serial number 12317. The aircraft is powered by advanced PW1127G-JM engines, enhancing fuel efficiency and operational performance.
Crestone Air Partners, a U.S.-based aviation investment firm, has announced the acquisition of a Boeing 737-800, currently on lease with MIAT Mongolian Airlines. The aircraft, obtained from a securitization managed by Castlelake, underscores Crestone’s strategy to invest in high-demand aircraft assets that support regional and international airlines.
SriLankan Airlines reported a $6.6 million net loss for the seven months ending October 2024, as net traffic revenue fell 14.9% to $517.3 million. The decline reflects weaker demand and financial struggles, continuing the airline’s challenging financial trajectory.
Alaska Air Group, a leading U.S. airline group, has announced impressive financial results for 2024, showcasing strong growth across key metrics. The company reported a 13% increase in total revenue, reaching $11.7 billion, and achieved a net income of $395 million for the year.
