Camair-Co (Cameroon) has strengthened its fleet by adding a Boeing 737-700, serial 29346, on wet lease from Smartwings (Czechia). This aircraft will help the airline enhance operational flexibility and meet growing demand across its network.
airBaltic (Latvia) has entered a strategic partnership with SUA Lineas Aereas (Uruguay), expanding its leasing operations into South America. As part of the agreement, airBaltic plans to wet lease up to five Airbus A220-300 aircraft to SUA starting October 2025, marking an important step in its ACMI (Aircraft, Crew, Maintenance, and Insurance) leasing strategy.
Air Astana (Kazakhstan) has expanded its fleet with the delivery of a new Airbus A320neo, bearing serial number 12360. The aircraft is powered by Pratt & Whitney PW1127G-JM engines, enhancing fuel efficiency and reducing emissions.
United Aircraft (Russia) has announced plans to issue more than 2 trillion shares, aiming to raise approximately $5.5 billion in capital. This move is intended to strengthen the company’s financial position and support ongoing aircraft development and production programs.
Pratt & Whitney (US) has reported a strong fourth quarter (4Q) 2024 performance, with sales increasing by 18% to $7.5 billion and operating profit rising 32% to $504 million. The results reflect higher demand for commercial and military engines, as well as robust aftermarket services growth.
Fitch Ratings (US) has assigned A-1 Notes ‘Asf (EXP)’ and B-1 Notes ‘A-sf (EXP)’ ratings to AASET 2025-1, a securitization backed by lease payments and disposition proceeds from a pool of 23 passenger aircraft. These aircraft are operated by third-party lessees, ensuring diversified exposure across multiple carriers.
Azul (Brazil) has successfully completed the restructuring of its financial obligations, reaching agreements with bondholders, lessors, and OEMs. The carrier also closed its $525 million Floating Rate Superpriority Notes offering, due 2030, significantly improving its financial stability.
Aircastle (Ireland) has successfully priced $500 million in 5.250% Senior Notes due 2030, issued at 99.171%. This move strengthens the aircraft lessor’s financial position and provides long-term capital for its global leasing operations.
Royal Jordanian (RJ) has increased its ownership stake in Jordan Flight Catering Company to 51%, securing a majority share in the airline catering provider. This move strengthens RJ’s strategic control over its in-flight meal services and enhances its operational efficiency within Jordan’s aviation industry.
Philippine Airlines (PAL) has announced a codeshare partnership with Saudia, enhancing connectivity for passengers traveling between the Philippines and Saudi Arabia. The agreement covers select routes operated by Saudia, allowing Philippine Airlines customers to book flights on Saudia’s network under PAL’s flight code.
