BOC Aviation, a leading aircraft leasing company headquartered in Singapore, has entered into an agreement with Airbus for the purchase of nine new aircraft: six A320neo and three A321neo. All nine aircraft will be leased to Gulf Air, the national carrier of Bahrain, under long-term lease agreements.
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WestJet Group has officially concluded its integration of Sunwing Airlines, bringing all jet operations under one air operator certificate (AOC). This move marks a significant milestone in the Canadian airline group’s consolidation strategy and paves the way for operational streamlining across its fleet and network.
Jetstar, the low-cost carrier based in Australia, has taken delivery of a new Airbus A320neo, identified by serial number 12229. The aircraft is powered by LEAP-1A26 engines, produced by CFM International, enhancing Jetstar’s fuel efficiency and operational performance.
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…
BOC Aviation (Singapore) has announced its 2024 financial results, reporting total revenues and other income of $2.6 billion, reflecting a 4% year-on-year increase. The company’s net profit after tax surged 20.9% to $924 million, demonstrating strong financial performance and leasing demand. Additionally, BOC Aviation maintained a robust liquidity position of $6.5 billion, reinforcing its financial stability and investment capacity.
Azul (Brazil) has had its credit rating downgraded to ‘SD’ (Selective Default) by S&P Global Ratings (US) after completing a distressed debt exchange. The downgrade reflects S&P’s classification of Azul’s recent debt restructuring as distressed, rather than a conventional market transaction.
LOT Polish Airlines, the national carrier of Poland, has temporarily suspended its lease contract for a Boeing 737-800aircraft with HelloJets, a Romanian carrier. The lease, originally due to terminate in October 2025, was cut short as part of operational adjustments following the suspension of LOT’s Tel Aviv route, where the aircraft had been operating.
