|

Air Lease Receives $112.4M In Insurance Settlements

ByAdmin

Air Lease Corporation (ALC) and several of its subsidiaries have successfully entered into settlement agreements with unnamed insurance providers, resulting in a total recovery of $112.4 million in cash proceeds. The settlements bring closure to a protracted claims process that had been ongoing, likely related to aircraft detained or affected by geopolitical or operational incidents.

Please SUBSCRIBE to view the full content.
Free trial available — 7 days on Monthly, 30 days on Annual!

Similar Posts

|

Triumph Group Posts 1% Sales Increase, $11.9M Net Income for 2Q Fiscal 2025

ByAdmin

Triumph Group, a US-based aerospace systems and components provider, has reported its financial results for the second quarter of fiscal 2025, which ended September 30, 2024. The company achieved a 1% increase in net sales, totaling $287.5 million, and posted net income from continuing operations of $11.9 million. These results reflect Triumph Group’s steady progress in its fiscal strategy, focusing on enhancing…

| | |

Jambojet To Add Three Leased Q400s For Growth

ByAdmin

Jambojet, the low-cost carrier based in Kenya, has announced plans to add three leased De Havilland Canada Q400turboprop aircraft in the coming months to support its growing route network. The additional capacity will help the airline meet increasing demand across both domestic and regional African routes.

| | |

Jackson Square Aviation Supports Cebu Pacific with Sale-Leaseback

ByAdmin

Jackson Square Aviation (JSA), a leading US-based aircraft lessor, has announced the completion of a sale and leaseback agreement with Cebu Pacific Air, the Philippines’ largest low-cost carrier. The deal includes one A330neo and seven A321 aircraft, finalized in December 2024. Additionally, a second A330neo is scheduled for delivery in the first half of 2025.

| | |

Vietnam Airlines Posts $138M Q1 2025 Pre-Tax Profit

ByAdmin

Vietnam Airlines has reported a significant financial rebound for the first quarter of 2025, registering a consolidated pre-tax profit of approximately $138 million. The achievement is further supported by an 11% increase in consolidated revenue, reaching $1.2 billion, signaling a sustained recovery from the post-pandemic period and effective strategic implementation by the airline.

| | | |

Cambodia Airways Seeks to Expand Fleet with A320s

ByAdmin

Cambodia Airways is actively expanding its fleet as part of its growth strategy by seeking Airbus A320 aircraft for inclusion. The airline plans to acquire these aircraft through dry leasing agreements, allowing it to scale operations efficiently while maintaining flexibility in its fleet composition.

|

AFG Aviation Acquires A320 MSN 5050 From Royal Air Charter

ByAdmin

AFG Aviation Ireland Limited, a wholly owned subsidiary of Aircraft Finance Germany GmbH, has announced the successful acquisition of a used Airbus A320 aircraft, identified by manufacturer serial number (MSN) 5050, from Royal Air Charter Service Inc. The transaction highlights AFG’s continued commitment to asset growth and active portfolio management within the commercial aircraft leasing sector.