Avolon (Ireland) CEO Andy Cronin has highlighted a persistent production shortfall by aircraft manufacturers as a key factor shaping the aviation industry. Cronin asserts that this imbalance in supply and demand will continue to drive robust profits for airlines and lessors for at least the next decade.
AFI KLM E&M (France) has announced a significant extension to its Power By the Hour (PBH) contract with Air China Cargo. The expanded agreement now includes additional Boeing 777 Freighters (B777F), each equipped with GE90-110B engines. This development highlights the strong partnership between the two companies and AFI KLM E&M’s commitment to delivering comprehensive and reliable maintenance solutions.
Vietnam Airlines has announced plans to wet lease three additional A320 aircraft to meet the surge in passenger demand during the 2025 Lunar New Year period, which runs from 13 January to 12 February 2025. This strategic move ensures the airline can maintain seamless operations and provide sufficient capacity for travelers during one of the busiest times of the year.
Qatar Airways has expanded its fleet with the delivery of a Boeing 787-8, bearing serial number 42378, on wet lease from Oman Air. The aircraft is equipped with GEnx-1B engines, known for their fuel efficiency and high performance, making it an ideal addition to Qatar Airways’ long-haul operations.
PAL Airlines (Canada) has expanded its fleet with the delivery of a Q400 aircraft, bearing serial number 4240. The aircraft is powered by PW150A engines, which are renowned for their reliability and fuel efficiency, making them ideal for regional operations.
Connect Airlines (US) has officially transferred its final aircraft, a DHC8-400, bearing serial number 4327, to Air Niugini (Papua New Guinea). With this transfer, Connect Airlines is now left without any aircraft in its fleet, marking a significant shift in its operational status.
Air India has finalized its comprehensive aircraft order with Airbus, comprising a total of 350 aircraft. The order includes 210 A321neo, 90 A320neo, 25 A350-900, and 25 A350-1000 models. As part of this agreement, six A350-900s have already been delivered, marking a significant milestone in Air India’s ongoing fleet modernization strategy.
AerFin (Ireland) has successfully completed the purchase and teardown of a Boeing 777-300ER previously operated by Japan Airlines (JAL). This acquisition marks another significant step in AerFin’s efforts to bolster its aftermarket inventory for widebody aircraft parts.
Abelo (Ireland) has modified its initial order with ATR for 10 ATR42 STOL aircraft, converting it into a combination of five ATR42-600 and five ATR72-600 models. This strategic adjustment reflects Abelo’s efforts to optimize its fleet for diverse operational requirements.
Vietjet (Vietnam) has successfully issued seven bonds in 2024, amounting to a total face value of $433 million. Each bond carries a 60-month term and offers an 11% annual interest rate, reflecting the company’s strategic move to bolster its financial foundation and support future growth initiatives.
