China Aircraft Leasing Group Holdings Limited (CALC), based in Hong Kong, has announced the successful upsizing of its inaugural warehouse facility to US$700 million. This significant financial enhancement is supported by the participation of 20 leading banks from around the world.
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Juneyao Air, a private Chinese carrier, has posted strong financial results for 2024, reporting a net profit of $125.3 million, up 17.5% compared to the previous year. The airline also recorded a 9.9% increase in revenue, reaching $3.0 billion, marking a year of resilient growth and operational efficiency.
LATAM Airlines Group, based in Chile, announced a 7.6% increase in total operating revenues for the third quarter of 2024, reaching $3.28 billion. The airline also reported a net income of $301 million and maintained a liquidity position of approximately $3.6 billion, reflecting a stable financial standing in an evolving aviation landscape.
Ashland Place Finance, a U.S.-based aviation finance provider, has completed two new aircraft leasing facilities for Sirius Aviation Capital Holdings, headquartered in the UAE. The transaction includes two Airbus A320 aircraft now on operating lease with Peach Aviation of Japan and Volaris of Mexico, enhancing both carriers’ narrowbody fleets.
SpiceJet is once again under legal scrutiny as it faces fresh insolvency proceedings initiated by BBN Airlines Indonesia. The dispute centers on unpaid lease rentals amounting to US$5.9 million, marking another financial challenge for the Indian low-cost carrier.
Spirit Airlines, based in the United States, has cautioned that its shareholders could see their equity wiped out as the airline negotiates a restructuring deal with creditors. This announcement underscores the financial difficulties Spirit faces as it seeks to stabilize its operations through a comprehensive restructuring plan, which could impact current shareholder value significantly.
Norse Atlantic Airways has completed the redelivery of three Boeing 787-8 aircraft, marking the end of their dry lease sublease arrangement with another airline. The move is part of the airline’s strategy to operate a standardized fleet of 12 Boeing 787-9s, enhancing efficiency, operational flexibility, and cost-effectiveness.
