AerSale has reported a net loss of $5.3 million for the first quarter of 2025, on total revenue of $65.8 million, according to its latest financial disclosure. While the company recorded modest income from asset sales, including the transaction of a single engine during the period, the quarter was marked by significant investments in its future inventory and operations.
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MTU Aero Engines (Germany) has released its 2024 financial results, showing an 18% increase in adjusted revenue to $7.8 billion, fueled by robust demand in commercial and military aviation sectors. The company also reported a 29% rise in net income, reaching $798 million, reflecting higher engine deliveries and aftermarket services growth.
Norwegian Group has posted a net loss of $73.4 million for the first quarter of 2025, based on operating revenue of $639 million. The report reflects ongoing cost pressures and seasonal demand fluctuations typical of the first quarter, particularly in Europe’s low-cost air travel sector.
JetBlue reported its Q3 2024 financials, highlighting steady progress under the JetForward strategy, which aims to enhance operational reliability, expand services, and optimize costs. Despite a net loss of $60 million (or $0.17 per share), JetBlue achieved $2.4 billion in revenue, marking a 0.5% year-over-year increase.
Azorra, a US-based aircraft lessor, has delivered the first of four Airbus A220-300s to Animawings, a Romanian airline. The aircraft, identified by serial number 55316, is powered by Pratt & Whitney PW1500G engines, and it marks the first A220 to operate from Romania.
SMBC Aviation Capital, a leading aircraft leasing company based in Ireland, has entered into lease agreements with Breeze Airways, a U.S.-based airline, for three Airbus A220-300 aircraft. The delivery schedule is set to commence with the first two aircraft arriving in November and December 2024, followed by the final aircraft in early 2025.
Phoenix Aviation Capital (Ireland) and AIP Capital (US) have announced the closing of a Pre-Delivery Payment (PDP) financing facility to support Phoenix’s order of 30 Boeing 737-8 aircraft. The facility will provide up to US$300 million in total commitments and will be used to fund required down payments prior to aircraft delivery.
