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Aircraft Engine Lease Finance Completes B737-800 Financing with Nedbank CIB

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Aircraft Engine Lease Finance (AELF), a US-based leasing company, has successfully completed the financing of a Boeing 737-800 in partnership with Nedbank CIB, a prominent South African financial institution. This transaction highlights AELF’s strategic focus on expanding its leasing portfolio while leveraging global partnerships to support aviation operations worldwide.

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Aegean Reports 9M 2024 Revenue Growth Despite Profit Decline

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Aegean Airlines, Greece’s flagship carrier, has announced its financial results for the first nine months (9M) of 2024, showing mixed performance. The airline reported a 4% increase in consolidated revenue, reaching $1.46 billion, compared to the same period last year. However, its profit after tax fell by 23%, amounting to $139.9 million. Additionally, the company disclosed $807 million in cash, cash equivalents, and other financial…

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Airbus Sees 5% Revenue Growth in 9M 2024, Despite Lower Net Income

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Airbus has released its financial results for the first nine months of 2024, reporting consolidated revenues of $48.1 billion, a 5% year-on-year increase driven by strong commercial aircraft demand. This growth reflects continued recovery in the global aviation market, where Airbus recorded gross commercial orders totaling 667 aircraft, underscoring sustained demand from airlines looking to…

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Xiamen Airlines Signs TrueChoice Agreement with GE Aerospace for GEnx Engine MRO

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GE Aerospace has announced that Xiamen Airlines, a leading carrier in China, has signed a TrueChoice service agreement to cover maintenance, repair, and overhaul (MRO) services for 35 GEnx engines. These engines power Xiamen Airlines’ fleet of Boeing 787 aircraft, which are instrumental in the airline’s long-haul operations. The TrueChoice agreement reflects both companies’ commitment to enhancing engine performance and maximizing operational efficiency for…

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Norwegian Converts State Loan Into Equity, Cuts Debt Load

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Norwegian, the low-cost carrier based in Norway, has confirmed that it will repay half of the $115 million convertible loan previously granted by the Norwegian government. The remaining balance of the loan will be converted into equity, effectively leaving the State with a 6.37% ownership stake in the airline.

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Lufthansa To Acquire Three Undelivered B787-9 Aircraft

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Lufthansa has reached an agreement to acquire three Boeing B787-9 Dreamliners that were originally manufactured for Norwegian but remained undelivered. The aircraft, identified by serial numbers 63350, 63348, and 63349, have been stored for several years after Norwegian underwent a restructuring and cancelled several aircraft orders.

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Republic Airways Takes Delivery of E175, Serial 17000990

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Republic Airways, a prominent U.S. regional carrier, has taken delivery of a new Embraer E175 aircraft, carrying serial number 17000990. The aircraft is powered by CF34-8E5 engines, produced by GE Aerospace, and will serve routes under its existing capacity purchase agreements with major U.S. network airlines.