Korean Air has expanded its fleet by taking delivery of a new Boeing 787-10, registered as HL8573. This latest addition, powered by GEnx-1B engines, supports the airline’s commitment to operational efficiency and sustainability.
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Phoenix Aviation Capital (Ireland), AIP Capital (US), and LuminArx Capital Management (US) have completed the joint acquisition of a portfolio of three Airbus A330-300s, enhancing their investment in the widebody aircraft leasing market. The transaction includes two A330-300s, serials 1346 and 1367, both powered by CF6 engines and leased to China Airlines (Taiwan), along with another A330-300, serial 1690, also powered by CF6 engines…
Serhan Ulga, one of Turkey’s most prominent finance executives, has been appointed Chief Financial Officer (CFO) of Saudia Airlines, marking a significant step in his international career. Ulga, who previously served as CFO of Pegasus Airlines, will now lead the financial strategies of Saudi Arabia’s national carrier, bringing his extensive expertise to a global aviation stage.
Aviation Capital Group (ACG), a prominent U.S.-based aircraft lessor, has announced the signing of a definitive agreement with Avolon Aerospace Leasing of Ireland to acquire a portfolio of 20 aircraft. The deal includes 16 narrowbody and 4 widebody aircraft currently on lease to 17 airlines across 16 countries, further diversifying ACG’s global leasing footprint.
Uganda Airlines has received official approval from the government to proceed with its proposal to acquire two dedicated cargo freighters, a Boeing 777F and a Boeing 737-800BCF. The acquisition is part of the airline’s strategic plan to expand its services into the air cargo sector, leveraging the growing demand for freight transportation in Africa and globally.
Turkish Airlines has officially approved a capital ceiling increase, doubling its previous limit to $276 million for the 2025-2029 period. This decision replaces the previous ceiling, which was set to expire on December 31, 2024.
Embraer has reached a historic milestone in its executive aviation business, surpassing 2,000 business jet deliverieswith the handover of a Praetor 500 to an undisclosed corporate customer. The delivery ceremony took place at the company’s Global Customer Center in Melbourne, Florida, highlighting the importance of the U.S. market for Embraer’s growth in business aviation.
