Azorra Secures $190M Financing for E2 Jets

ByAdmin 15/01/202517/01/2025

Azorra, a US-based aircraft lessor, has successfully closed a US$190 million financing agreement with Banco Nacional de Desenvolvimento Econômico e Social (BNDES) of Brazil. This significant facility will fund the acquisition of up to eight Embraer E2 jets, further solidifying Azorra’s commitment to fleet expansion and modernization.

This financing marks the first-ever collaboration between BNDES and ITASCA MGA, a UK-based financial advisory firm. The partnership underscores the growing interest in Embraer’s advanced E2 jets, known for their fuel efficiency and operational flexibility.

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ACMI | Airlines

Zela Aviation Secures ACMI Deal for Air Peace and AirExplore

ByAdmin 27/11/202401/12/2024

Zela Aviation (Cyprus) has successfully facilitated an ACMI partnership between Air Peace (Nigeria) and AirExplore(Slovakia). The agreement will see the lease of four aircraft from AirExplore to Air Peace for operations during the winter 2024/25 season.

Airlines | Financial | Low Cost Carrier | Quarterly Performance

Air Arabia’s 3Q 2024 Profit Rises 8% to $153.5 Million Amid 10% Revenue Growth

ByAdmin 12/11/202414/11/2024

Air Arabia, a leading low-cost airline based in the UAE, has posted strong financial results for the third quarter of 2024, with net profit rising by 8% to $153.5 million. This growth was supported by a 10% increase in turnover, which reached $484 million. The airline’s financial performance reflects its resilience and effective management in a competitive aviation market. Additionally, Air Arabia reported…

Airlines | Embraer | General Electric | Transactions

American Eagle Adds New Embraer E170 to Fleet

ByAdmin 16/10/202416/10/2024

American Eagle, a regional carrier operating in the US, has added a new Embraer E170 aircraft to its fleet.

Airbus | Airlines | Fleet | Leasing | Wet Lease

Fly2Sky Signs Three-Year Wet Lease Agreement with SkyUp Airlines

ByAdmin 17/11/202419/11/2024

Fly2Sky, a Bulgarian charter airline, has signed a three-year wet lease agreement with SkyUp Airlines of Ukraine, providing aircraft to support SkyUp’s growing operations. The deal includes the wet lease of two Airbus A320s for the full three years and two Airbus A321s, which will remain in service until October 31, 2025.

Airlines | Corporation | Embraer | MRO | Partnership

CommuteAir Partners with AeroVision for ERJ145 Parts Consignment

ByAdmin 10/11/202410/11/2024

CommuteAir, a regional carrier based in the United States, has entered into a strategic consignment partnership with AeroVision International to manage and distribute ERJ145 aircraft parts. Under this agreement, AeroVision will oversee the repair and resale of parts sourced from CommuteAir’s ERJ145 aircraft following teardown, enabling both companies to leverage valuable components from retired aircraft in the aftermarket. This collaboration…

Airlines | Corporation | MRO | Partnership

Lufthansa Technik AERO Alzey Welcomes Rheinland Air Service as New Customer

ByAdmin 27/10/202428/10/2024

Lufthansa Technik AERO Alzey (LTAA), a leading German provider of engine maintenance and repair services, has announced the addition of Rheinland Air Service (RAS) as a new customer in its expanding network.

ACMI | Airlines

Airbus | Airlines | Fleet | Leasing | Wet Lease

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