Aviation Capital Group Reports 9M 2024 Revenues of $923 Million

ByAdmin 13/11/202414/11/2024

Aviation Capital Group (ACG), a leading US-based aircraft leasing company, has reported its 9M 2024 financial results with total revenues reaching $923 million and net income of $113.8 million. The company’s cash and cash equivalents stand at $241.9 million, underscoring ACG’s strong liquidity position and financial resilience in the aviation leasing market. This performance highlights ACG’s consistent revenue growth and profitability amid the recovery of the aviation sector.

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Cargo | Corporation | Freighter Conversion | Lessor

ASL Aviation to Operate DHL’s B737-800BDSF

ByAdmin 02/12/202404/12/2024

ASL Aviation Holdings (Ireland) is set to expand its cargo operations by potentially operating a B737-800BDSF for DHL (Germany). The aircraft, identified by serial 30499, is expected to be flown under CMI (Crew, Maintenance, and Insurance) service, further strengthening the partnership between the two companies.

Corporation | Management

ORIX Promotes James Meyler and Appoints John O’Donoghue

ByAdmin 12/12/202413/12/2024

ORIX Corporation (Japan) has announced significant leadership changes within its aviation group, highlighting its focus on strengthening its global executive team. James Meyler, currently serving as CEO of ORIX Aviation (Ireland) Group, has been promoted to the role of Group Executive, ORIX, Japan, while retaining his CEO position. This strategic move underscores the corporation’s confidence in Meyler’s leadership and…

Airlines | Financial

Fitch Revises United Airlines’ Outlook to Positive, Affirms ‘BB-‘ Rating

ByAdmin 05/11/202407/11/2024

Fitch Ratings has revised its outlook on United Airlines, moving it from Stable to Positive, while affirming the airline’s Long-Term Issuer Default Rating (IDR) at ‘BB-’. This change reflects Fitch’s confidence in United Airlines’ improved financial stability and growth prospects, as the airline continues to recover post-pandemic and strengthen its market position in the competitive…

Corporation | General Electric | MRO

Setna iO Acquires Three CF6-80E1A4B Engines

ByAdmin 20/11/202422/11/2024

Setna iO, a U.S.-based aviation solutions provider, has announced the acquisition of three CF6-80E1A4B engines, bolstering its inventory of high-demand components. This strategic purchase supports Setna iO’s commitment to providing flexible and reliable solutions for the aviation industry.

Corporation

Boeing Considers Selling Parts of Space Business, Excluding NASA’s SLS Unit

ByAdmin 27/10/202428/10/2024

Boeing is reportedly exploring the possibility of selling parts of its space division as part of a strategic evaluation of its portfolio, according to industry sources.

Corporation | Financial | Loan

Phoenix Aviation Capital Secures $240 Million Term Loan

ByAdmin 11/12/202412/12/2024

Phoenix Aviation Capital (Ireland) has announced the successful closing of a $240 million term loan facility, marking a significant milestone in its expansion strategy. The funds will be used to finance the acquisition of six next-generation aircraft, all of which are on long-term leases with five airlines operating across the globe.

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