|

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.
First month of membership is free!

Similar Posts

|

Nok Air Reports 9M 2024 Net Loss of $36.7 Million Amid Revenue Decline

ByAdmin

Nok Air, a Thailand-based airline, has reported its 9M 2024 financial results, posting a net loss of $36.7 million. The airline’s revenue also saw a decline, falling 12.4% to $156.9 million for the nine-month period. These figures highlight the financial pressures Nok Air continues to face amid challenging market conditions and fluctuations in travel demand.

|

AerSale to Repurchase 6.428 Million Shares from Leonard Green & Partners

ByAdmin

AerSale (US) has entered into a definitive agreement to repurchase 6.428 million shares of its stock from Leonard Green & Partners, its long-term private equity sponsor, at a negotiated price of $7.00 per share. This strategic move aligns with AerSale’s capital allocation plan, reinforcing shareholder value and ownership concentration.

| | | | | | |

Deucalion Aviation Leases A321 to Turkish Airlines

ByAdmin

Deucalion Aviation (UK) has successfully delivered an Airbus A321 to Turkish Airlines on a long-term operating lease, further strengthening its collaboration with the Turkish flag carrier. The aircraft, manufactured in 2012, is equipped with V2527-A5 engines, known for their reliability and efficiency in medium-haul operations.