Fitch Ratings has assigned the following expected ratings to the notes issued by Castlelake Aircraft Structured Trust 2025-1: These notes are secured by lease payments and disposition proceeds from a pool of 36 passenger aircraft operated by various third-party lessees. The assigned ratings reflect Fitch’s assessment of the credit quality of the underlying lessees, the diversification and age of…
Chorus Aviation, a Canadian aviation company, has announced the successful completion of its previously announced offers to purchase all outstanding 6.00% Convertible Senior Unsecured Debentures due June 30, 2026, and 5.75% Senior Unsecured Debentures due December 31, 2024. The total repurchase amounts to approximately US$55.9 million.
ANA Holdings, Japan’s largest airline group, has announced its financial results for the nine-month period ending December 31, 2023. The company reported a 10% increase in revenue, reaching $10.9 billion, while net income experienced a slight decline, totaling $863 million.
SR Technics, a leading maintenance, repair, and overhaul (MRO) service provider based in Switzerland, has announced the renewal of its engine maintenance contract with Allegiant Air, a prominent low-cost carrier in the United States. This five-year extension continues the collaboration that began in 2019, focusing on the maintenance and support of Allegiant’s CFM56-5B engines.
Triumph Group, a leading aerospace and defense systems and components company, has announced a definitive agreement to be acquired by affiliates of Warburg Pincus and Berkshire Partners. The transaction is valued at approximately $3 billion and will result in Triumph becoming a privately held company.
LATAM Airlines Group, based in Chile, has announced its financial results for fiscal year 2024, reporting a 10.6% increase in total revenues, reaching $13.0 billion. The company also achieved a 67.9% rise in net income, totaling $977 million, and ended the year with liquidity of $3.5 billion.
Malaysia Airlines has expanded its fleet with the addition of a new Boeing 737-8, serial number 66368, powered by LEAP-1B27 engines. This aircraft, registered as 9M-MVA, marks a significant milestone in the airline’s fleet modernization efforts.
Six West Aviation (Ireland) has announced the acquisition of Kleos Aero (Ireland), a specialist in flight planning, trip management, and concierge services. This move strengthens Six West’s operational capabilities and enhances its ability to provide comprehensive aviation support services globally.
Frank Wulf, the Global Head of Aviation at Nord/LB (Germany), has announced his decision to step down from his role and exit the aviation finance sector, effective January 31, 2025. Citing personal reasons, Wulf will conclude his tenure after a long-standing career in aviation finance.
MTU Maintenance (Germany) has appointed Gernot Sell as the new General Manager of MTU Maintenance Dallas, effective February 1, 2025. He takes over from Nezam Moghadassian, who is retiring after years of leadership within the company.
