Avolon has successfully completed a new US$1.1 billion senior unsecured facility, structured evenly between a drawn loan and a revolving credit facility, with a tenor of five years. The move bolsters Avolon’s already significant liquidity position and underlines continued strong access to the capital markets.
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Jazeera Airways, Kuwait’s leading low-cost carrier, has reported a substantial increase in its financial performance for the year 2024. The airline achieved a net profit of US$33.1 million, marking a 66.2% rise compared to the previous year. Operating revenue also saw an uptick, growing by 5.3% to reach US$677.7 million.
Air Canada has released its financial results for the third quarter of 2024, reporting operating revenues of $6.1 billion, a 4% decrease compared to the same period in 2023. The airline achieved an operating income of $1.04 billion and an adjusted EBITDA of $1.523 billion, reflecting year-over-year declines of $375 million and $307 million, respectively.
SMBC Aviation Capital, a leading aircraft leasing company based in Ireland, has announced the delivery of the first Airbus A220-300, serial 55318, to Breeze Airways, a rapidly expanding US-based airline. This aircraft is the first of three A220-300s scheduled for delivery under their leasing agreement.
Volofin Capital Management (UK) has announced the successful structuring and closing of a spares inventory financing facility for Virgin Atlantic (UK). The facility, valued at up to $100 million, will support Virgin Atlantic in managing and optimizing its aircraft spare parts inventory.
KlasJet, a Lithuania-based charter and ACMI operator, has announced the seasonal relocation of one of its Boeing B737 aircraft from Dubai to Europe, beginning in April and continuing through the end of summer 2025. The move responds to rising demand for bespoke charter operations across the European market during the peak travel season.
AerCap CEO Aengus Kelly has raised concerns over potential tariff implications that could lead to a significant price hike in Boeing 787 aircraft costs. In a worst-case scenario, the price of a B787 could increase by up to $40 million per unit, creating challenges for airlines and lessors managing fleet expansion and replacement plans.
