Israir Airlines, based in Israel, has announced plans to wet lease two widebody aircraft to operate direct flights between Tel Aviv and Newark for the upcoming winter 2024/25 season. This strategic move will allow Israir to expand its long-haul route offerings and provide an alternative to current transatlantic services from Israel. By leasing widebody aircraft specifically for these routes, Israir aims…
Iraero, a regional airline based in Russia, has successfully acquired six aircraft engines through an auction held by Tambov Airport. The starting bid for these engines was set at US$600,000, reflecting a strategic acquisition aimed at bolstering Iraero’s operational capacity and maintaining fleet reliability. The transaction highlights Iraero’s efforts to secure essential assets to support its operations amid fluctuating…
Genesis, an Ireland-based aircraft leasing company, has completed a transaction with BOC Aviation of Singapore, acquiring three of the most sought-after narrowbody aircraft in the aviation market. This acquisition includes a Boeing 737-8 currently on lease to TUI in Germany, an Airbus A320 with Volaris in Mexico, and an Airbus A320neo leased to TAP Air Portugal. These aircraft are among the most liquid models in the narrowbody segment, reflecting Genesis’s…
Bamboo Airways, a leading airline based in Vietnam, has strengthened its fleet with the recent addition of an Airbus A320 aircraft, designated 4692. This new aircraft arrives just in time for the year-end peak travel season, bolstering Bamboo Airways’ capacity to meet the anticipated surge in passenger demand. The delivery aligns with Bamboo’s strategic growth plan, which envisions…
Air China has expanded its fleet with the addition of a C919 aircraft, serial number 00021, marking a significant milestone for the Chinese aviation sector. This delivery showcases China’s ambitions in aircraft manufacturing and Air China’s commitment to diversifying its fleet with domestically produced models. The C919, manufactured by Commercial Aircraft Corporation of China (COMAC), is poised to compete…
Aerolineas Argentinas has announced plans to retire a significant portion of its Boeing 737-700 fleet starting in January 2025, with the process expected to span 12 months. This decision comes as several leasing contracts for these aircraft approach their expiration. The retirement plan will impact multiple 737-700s, marking a shift in Aerolineas Argentinas’ fleet strategy as the airline looks…
Aergo Capital, a prominent Irish aircraft leasing firm, has acquired an Airbus A321-200 aircraft, with serial number 6976, from an investor customer of FPG Amentum, also based in Ireland. The aircraft, currently leased to Wizz Air, a low-cost airline headquartered in Hungary, marks a strategic addition to Aergo Capital’s growing portfolio. This acquisition aligns with Aergo Capital’s objectives to expand…
SpiceJet, one of India’s low-cost carriers (LCC), has received positive news from Acuite Ratings & Research, an Indian credit rating agency. Acuite has upgraded SpiceJet’s credit outlook to “stable,” a notable improvement given the challenges faced by many airlines in recent years. The credit agency has assigned SpiceJet a long-term rating of B+ and a…
Korean Air reported its 3Q 2024 financial results, showcasing a notable increase in revenue despite a decline in net profit. The airline’s revenue grew by 9.8% year-over-year, reaching $3.0 billion. However, net profit took a downturn, decreasing by 34.8% to $200.7 million, a reflection of various market and operational challenges.
Qantas, Australia’s flagship airline, is set to introduce a new nonstop service connecting Brisbane to Koror, the capital of Palau, with flights commencing on 7 December 2024. This weekly service aims to improve connectivity between Australia and Palau, offering travelers a convenient and direct route to this popular Pacific island destination. Known for its rich…
