Itasca MGA, a UK-based insurance provider, has structured a comprehensive aircraft non-payment credit insurance policy for JLPS Ireland. The policy covers three Airbus A321neos, built in 2023, which are leased to an ultra-low-cost carrier (ULCC). The financing for these aircraft was provided by the Commonwealth Bank of Australia’s Tokyo branch.
Dan Air, a Romanian carrier, has entered into a wet lease agreement for a Boeing 737-700, identified by serial number 29346, from Smartwings, a Czech airline. The aircraft will be used for short-term operations, supporting Dan Air’s network requirements.
BNDES (Brazilian Development Bank) has approved $182 million in financing for the export of eight Embraer E2 jets to Azorra, a US-based leasing company. Deliveries are scheduled to take place between December 2024 and 2025, showcasing the ongoing collaboration between Brazilian manufacturers and global operators.
Asiana Airlines, based in South Korea, has announced plans to repay $976 million in loans from creditor banks earlier than initially scheduled. This significant financial move is expected to reduce the airline’s debt ratio by more than 1000%, marking a major step in its financial restructuring efforts.
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.
Air Europa Holdings, a leading Spanish carrier, anticipates closing 2024 with a turnover of nearly $3 billion, reflecting a 6.3% year-on-year increase. The growth comes as the airline focuses on reducing its leverage while continuing to expand and modernize its fleet. As part of its fleet expansion strategy, Air Europa plans to add three Boeing 787 Dreamliners and its first Boeing 737…
Pratt & Whitney, a leading aerospace engine manufacturer based in the United States, has received FAA certificationfor its GTF (Geared Turbofan) engine to power the Airbus A321XLR. The updated engine type certificate, granted on 12 December 2024, applies to the PW1100G-JM engine and now includes its use for the A321XLR, Airbus’s latest long-range narrow-body aircraft.
United Airlines, a major US carrier, has announced adjustments to its route network, including the discontinuation of its Los Angeles–Tulum route and the suspension of flights from Newark and Chicago during summer 2025. These changes reflect the airline’s efforts to streamline operations and optimize its network amid evolving market conditions.
Pakistan International Airlines (PIA) has announced the resumption of flights to the United States after a seven-year suspension. The decision follows the signing of a Memorandum of Understanding (MoU) with the Federal Aviation Administration (FAA) to address pending financial obligations. This milestone marks a significant step in PIA’s efforts to rebuild its international network and regain access to one of the world’s…
Eurowings, the low-cost subsidiary of Lufthansa, has announced that it will no longer proceed with plans to launch flights between Berlin and Ljubljana, which were initially set to begin on 12 April 2025. The cancellation marks a change in the airline’s route development strategy and reflects shifting priorities within its network planning. No specific reasons for the decision have been…
