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AerCap Holdings N.V. Reports Strong Q3 2024 Financial Results

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AerCap Holdings N.V. reported a solid Q3 2024, delivering a net income of $375 million and an adjusted net income of $463 million, reflecting its strong market position and operational stability. AerCap increased its 2024 adjusted earnings per share (EPS) guidance to around $10.70, driven by record cash flows and high asset utilization. Over the past year, AerCap achieved $5.6 billion in cash flow, thanks to a 99% fleet utilization rate, underlining robust demand across its leasing portfolio.

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Cargojet Reports Strong 4Q and Full-Year 2024 Financial Results

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Cargojet (Canada) reported a strong financial performance for 4Q 2024, with total revenue rising 32.1% to $206.7 million and net earnings reaching $50.2 million. The company’s full-year 2024 revenue grew 14.1% to $705 million, with net earnings of $108.4 million and net cash reserves of $231.7 million.

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Ibom Air Posts $62.1M Revenue and $4.4M Profit in 2024

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Aviation Capital Group Delivers Third B737-9 to United Airlines

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Aviation Capital Group (ACG), a major US-based aircraft leasing company, has delivered a B737-9 to United Airlines, featuring LEAP-1B engines. This aircraft marks the third delivery in a multi-aircraft sale/leaseback agreementbetween ACG and United, supporting United’s fleet expansion with efficient and modern aircraft.

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Wafra Completes Acquisition of Aquila Air Capital Platform

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Aquila Air Capital, a US-based aircraft leasing and financing company, has announced that Wafra, an investment firm headquartered in the US, has completed the acquisition of its platform from private equity firm Warburg Pincus. This transaction marks a significant shift in ownership and highlights continued investor confidence in the aviation finance sector.

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Singapore Airlines Sees 59% Profit Drop Due to Air India Losses

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Singapore Airlines has reported a sharp 59% decline in net profit for its first fiscal quarter, citing heavy losses from its equity stake in Air India, which has recently faced multiple challenges, including a fatal crash and broader operational turbulence. Net profit dropped to $404 million from $986 million during the same period last year.

AE Industrial Partners Closes $418M Aerospace Fund II

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AE Industrial Partners has announced the successful closing of its second aerospace leasing fund, AE Industrial Partners Aerospace Leasing Fund II, with total capital commitments reaching $418 million. This figure exceeded initial expectations, marking the fund as oversubscribed, and indicating strong investor interest in aviation-related assets despite ongoing volatility in global financial markets.