Air Lease Corporation (ALC), a leading aircraft leasing company based in the United States, has successfully closed a $966.5 million unsecured term loan facility. The loan, which matures in December 2027, will provide financial flexibility to address the company’s working capital needs and support general corporate purposes.
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Aircastle, a global aircraft leasing company headquartered in the United States, has announced its financial results for the fiscal year ending 28 February 2025, highlighting strong performance metrics and substantial liquidity reserves.
Air Seoul, a South Korean low-cost carrier, has announced yet another postponement of its loan repayment to its parent company, Asiana Airlines. This marks the 18th extension of the loan’s maturity date since the airline first borrowed US$20.6 million in June 2020.
Boeing has commenced the process of issuing layoff notices to 17,000 of its employees, a move set to reduce its workforce by 10%. This reduction comes as part of Boeing’s strategic efforts to stabilize its finances amid significant challenges impacting the aviation industry, particularly due to the reduced demand for air travel and aircraft orders…
KlasJet, a Lithuania-based provider of ACMI (Aircraft, Crew, Maintenance, and Insurance) services, reported a significant increase in its operations from May through October 2024. During this period, KlasJet operated almost 5,000 flights, marking a 134% year-over-year (YoY) growth compared to the same months in 2023. This surge in flights reflects record demand for ACMI services over the summer season,…
Boeing has announced that Chief Aerospace Safety Officer Mike Delaney will retire later this year, concluding a distinguished career spanning nearly 40 years with the aerospace giant. The company plans to appoint a successor in the coming weeks to ensure a seamless transition in this critical role.
Air Lease (US) has announced long-term lease agreements with Qanot Sharq Airlines (Uzbekistan) for the delivery of five Airbus A321neo aircraft, including three A321XLRs and two A321LRs. These aircraft will be delivered in 2026 and 2027 from Air Lease’s existing orderbook with Airbus.
