IBA Group, a UK-based aviation consultancy, has announced an expansion of its exclusive mandate to remarket Embraer E190AR aircraft, increasing the offering from three to four aircraft. The E190ARs, equipped with CF34-10E6 engines, are currently operational with an East African airline and are available for outright purchase. This expanded mandate reflects IBA Group’s reputation for…
Frontier Airlines is set to expand its fleet with the addition of six Airbus A321neo aircraft and two spare engines in the fourth quarter of 2024, financed through sale/leaseback transactions. This latest delivery round follows the arrival of five A321neos in Q3, bringing the carrier’s total fleet count to 159 by year’s end. Known for…
UK-based Falko Regional Aircraft has completed the acquisition of 11 Embraer E-Jets from Nordic Aviation Capital (NAC) of Ireland. This transaction, part of a sale and purchase agreement initially signed in March 2024, includes E175, E190, and E195 models. These regional jets are currently leased to LOT Polish Airlines, a key operator in Europe’s regional…
Taiwan’s EVA Air has announced that its scheduled deliveries of Boeing 787 aircraft are expected to proceed on time, despite the ongoing strike at Boeing. However, the airline anticipates potential delays in the delivery of its Boeing 777 Freighter (B777F) aircraft due to production slowdowns related to the labor strike. This development reflects EVA Air’s…
CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (CDB Leasing), has announced the successful completion of a mandate to sell eight Airbus A330-200 aircraft. This transaction underscores CDB Aviation’s robust asset management capabilities and its commitment to delivering tailored solutions for its stakeholders.
Breeze Airways, the U.S.-based low-cost carrier, has announced plans to continue operating its Embraer aircraft until 2026, extending their service beyond initial projections. This strategic decision reflects the airline’s commitment to maintaining operational flexibility and meeting evolving market demands.
Avianca, Colombia’s flagship carrier, has recently taken delivery of a new Airbus A320neo, serial number 12100, equipped with advanced LEAP-1A26 engines. This latest addition reflects Avianca’s ongoing commitment to fleet modernization, focusing on operational efficiency and environmental sustainability. The LEAP-1A26 engines, produced by CFM International, are well-regarded for their fuel efficiency and reduced emissions, aligning…
Guatemala’s TAG Airlines recently presented its fleet modernization strategy for 2024 at the Latin American and Caribbean Air Transport Association (ALTA) meeting held in Nassau, Bahamas. The plan includes integrating ATR-72 aircraft, renowned for their efficiency, ecological benefits, and safety, to enhance the airline’s regional service quality and reliability. With an existing fleet of eight…
Aircraft asset manager Stratos has finalized the sale of four aircraft across three separate transactions, enhancing returns for its investors. The sales include two A320 aircraft sold to Avion Express, a 737-300F purchased by a Middle Eastern buyer, and a leased 777-300ER acquired by Altavair-managed investors. The A320s were transferred at lease expiration, while the…
Icelandic low-cost carrier PLAY Airlines has entered an agreement with StandardAero to receive performance restoration shop visit (PRSV) services for its LEAP-1A engines, which power PLAY’s A320neo fleet. StandardAero, operating from its specialized facility in San Antonio, Texas, will provide PRSV and MRO support under the CFM Branded Service Agreement. This maintenance partnership enables PLAY…
