Norwegian, one of Europe’s largest low-cost carriers, has announced an agreement to purchase ten Boeing 737-800 aircraft that are currently part of its leased fleet. The airline will fund the transaction using cash on hand, with the deal expected to be finalized in Q1 2025.
LOT Polish Airlines has announced plans to source additional Boeing 787 Dreamliners from the secondary market, as production backlogs and limited delivery slots prevent the airline from receiving new aircraft before the next decade. This move reflects LOT’s strategy to expand its long-haul fleet, ensuring continued growth despite supply chain constraints affecting new aircraft availability.
Aurora Airlines, a Russian regional carrier, is expected to take delivery of its first Baikal aircraft under a contract with Ural Civil Aviation Plant (UZGA) by the end of 2026. This development marks a key milestone in Russia’s efforts to expand its domestic aviation industry, particularly in the regional aircraft segment.
SpiceJet, one of India’s leading low-cost carriers, has reported a net profit of $2.9 million for fiscal Q3 ending December 31, 2024, marking a significant turnaround in its financial performance. The airline saw total revenue surge 35% year-over-year to $188.7 million, reflecting improved operational efficiency and demand recovery.
Silver Airways and Seaborne Virgin Islands, both operating under bankruptcy proceedings, have filed a court request to extend agreements with aircraft lessors beyond the current 60-day period. The airlines seek additional time to finalize the sale of their assets, ensuring a structured transition amid financial restructuring efforts.
Allan Goh Hwan Hua, co-founder of MYAirline (Malaysia), and several related entities have been hit with a lawsuit from 206 investors, alleging a combined financial loss of $15.1 million. The case adds to the growing scrutiny surrounding MYAirline’s business dealings and financial stability.
International Airlines Group (IAG) is exploring the potential launch of a new low-cost carrier (LCC) in Madrid, should salary negotiations with Iberia Express pilots fail to reach a resolution. At the same time, the Group is reconsidering its position in Air Europa, weighing the possibility of maintaining its 20% stake without participating in an upcoming capital increase.
GOL (Brazil), along with Wells Fargo Trust Company (US) and JSA International US Holdings, has entered into a stipulation and agreed order regarding the claim allowance and related matters for an aircraft bearing serial number 35825. This agreement clarifies the ownership, leasing, and financial obligations surrounding the aircraft.
Crestone Air Partners, a U.S.-based aircraft asset management and leasing firm, has expanded its executive leadership team with the appointment of Jason Greenberg as Chief Legal Officer and General Counsel and Bernadette Ryan as Vice President of Contracts. These additions strengthen the company’s legal framework and contractual operations, reinforcing its commitment to structured growth and operational excellence.
Colorful Guizhou Airlines has taken delivery of an Airbus A320neo, marking the introduction of its newly designed cabin layout, which enhances passenger comfort and onboard experience. The aircraft, leased from CDB Aviation, is the second of three A320neos included in a 2024 lease agreement, with the final aircraft scheduled for delivery in 2026.
