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Electra Airways Adds Two B737-800s To Air 001

Electra Airways (Bulgaria) has expanded its Air 001 brand fleet with the addition of two Boeing 737-800 aircraft, serial numbers 1571 and 1144. This fleet enhancement underscores Electra Airways’ commitment to growth and increased capacity for its operations under the Air 001 brand.

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Compass Cargo Eyes B777F, CMI Arrangement

Compass Cargo Airlines (Bulgaria) is evaluating options to either enter into a CMI (Crew, Maintenance, and Insurance) arrangement on behalf of a customer or to acquire its own Boeing 777 Freighter (B777F) aircraft. This move underscores the airline’s ambitions to expand its capabilities and meet growing demand in the air cargo market.

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BOC Aviation Orders Nine A320neo For Avianca

BOC Aviation (Singapore) has entered into an agreement with Airbus to purchase nine A320neo aircraft, demonstrating continued demand for efficient narrowbody aircraft in the global market. The lessor has committed all nine aircraft on long-term leases to avianca (Colombia), bolstering the South American carrier’s fleet renewal and expansion plans.

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Andes Takes Delivery Of First B737-700

Andes (Argentina) has recently taken delivery of the first of two Boeing 737-700 aircraft, serial number 38125, as part of its ongoing fleet expansion plan. The second aircraft, serial 38126, is expected to join the fleet next week. Both aircraft are leased and will play a crucial role in enhancing the airline’s operational capacity. The addition of these two B737-700s comes at…

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Air Montenegro Wet Leases A320 From DAT

Air Montenegro has announced that it has wet leased one Airbus A320 (serial number 4973) from Danish Air Transport (DAT). The lease agreement is in place until at least 10 June 2025, highlighting the airline’s efforts to maintain operational flexibility and meet passenger demand during the busy summer season.

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Aeroflot Nears Insurance Settlement With Lessors

Aeroflot Group (Russia) has announced that it expects to complete insurance settlements with foreign lessors covering 36 aircraft in its fleet. According to CEO Sergei Aleksandrovsky, all commercial terms of these settlements have already been finalized, paving the way for a resolution to long-standing issues stemming from the grounding of foreign-leased aircraft in Russia.

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Wizz Air Reports 2025 Revenue Up, Profit Down

Wizz Air Holdings (Hungary) has reported its financial results for the fiscal year ending 31 March 2025. The company’s total revenue increased by 3.8%, reaching US$6.0 billion. Despite this rise in revenue, Wizz Air’s net profit experienced a significant decline of 41.5%, dropping to $243.8 million. The carrier also reported a total cash position of $1.97 billionat the end of the period.