Dubai Aerospace Enterprise (DAE), based in the UAE, has announced cash proceeds of approximately US$201 millionfrom settlements with selected insurance companies. The settlements relate to aircraft previously leased to airline carriers in Russia. In order to view the full content as well as having access to our archives and receiving the daily newsletter, please REGISTER .
The Pakistani government is set to hold the final auction for Pakistan International Airlines (PIA) on October 30, 2024, marking a significant step in its broader economic reform agenda. This privatization move, supported by the International Monetary Fund (IMF), aims to alleviate the national carrier’s financial struggles while addressing broader economic challenges through structural reforms….
ITA Airways (Italy) chairman Antonino Turicchi has expressed optimism that the airline will secure final approval for its acquisition by Lufthansa Group (Germany) from the European Commission (EC) before the end of 2024. This approval marks a critical step in solidifying Lufthansa’s stake in the Italian national carrier.
China Aircraft Leasing Group Holdings Limited (CALC), a prominent lessor based in Hong Kong, has entered into sale and purchase agreements with WWTAI Airopco 1 Bermuda for the divestment of six aircraft. The transaction, facilitated through six of CALC’s Special Purpose Vehicles (SPVs), is expected to be finalized by March 2025.
In September 2024, China Southern Airlines continued to expand and optimize its fleet with the addition of four new aircraft.
In October 2024, Air New Zealand reported a 2.1% reduction in capacity compared to the same period in 2023. This decline is attributed to significant engine maintenance challenges, including delays affecting Pratt & Whitney PW1100G-JM engines and Rolls-Royce Trent 1000 engines.
Moody’s Investors Service recently affirmed a Baa1 senior unsecured debt rating for Southwest Airlines, reflecting the airline’s robust balance sheet and leading position in the U.S. domestic market.
