Avolon, a leading global aircraft lessor, has reported strong financial results for 2024, highlighting significant growth in revenue and profitability.
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Parata Air (South Korea) has commenced its repayment process to Yangyang County, issuing an initial $68,700 payment as part of a $1.3 million financial support settlement. The repayment is part of a court-approved rehabilitation plan following the financial restructuring of Fly Gangwon.
Mitsubishi UFJ Financial Group, Japan’s largest financial institution, has announced the successful closing of a $52.3 million upsize in financing for Viva, a prominent low-cost carrier based in Mexico. The expanded credit line is intended to fund the acquisition of two additional Airbus A321 aircraft, further enhancing Viva’s fleet modernization and growth strategy.
Southwest Airlines, the largest low-cost carrier in the United States, has announced a sale-leaseback transactioninvolving 36 Boeing B737-800s. The deal, conducted with aircraft management firm BBAM, aligns with Southwest’s strategy to monetize the surplus value of its exclusively all-B737 fleet.
GOL Linhas Aéreas Inteligentes, Brazil’s largest airline, has issued a clarification regarding its Chapter 11 restructuring process.
Asia Aviation, the Thai parent company of Thai AirAsia, recorded a strong financial performance in the third quarter of 2024 with a net profit of $100.1 million. This impressive result was fueled by a 55% increase in revenue, reaching $445.3 million. The significant revenue growth reflects Asia Aviation’s successful recovery in the post-pandemic travel environment and the rising demand for air travel…
Air Transport Services Group (US) (ATSG) has announced plans to increase its Airbus freighter leasing portfolio in 2025, preparing to introduce up to four A330-300P2Fs (Passenger-to-Freighter conversions) and five A321-200PCFs into its leasing program. This move underscores ATSG’s commitment to expanding its cargo aircraft offerings amid growing demand for converted narrowbody and widebody freighters.
