Aircastle (US) and its subsidiary, Aircastle Ireland, have had their Long-Term Issuer Default Ratings (IDR) affirmed by Fitch Ratings at ‘BBB+’. The outlook for these ratings remains Stable, indicating a steady financial position and outlook for the leasing group.
CDB Aviation, a global aircraft leasing platform based in Ireland and a wholly owned subsidiary of China Development Bank Financial Leasing, has completed the delivery of an Airbus A320neo to Volaris, one of Mexico’s leading low-cost airlines. This transaction reflects Volaris’s continued strategy of expanding and modernizing its all-Airbus fleet with fuel-efficient and environmentally progressive aircraft.
Avion Express, a leading Lithuanian ACMI and charter operator, has entered into a strategic partnership with PLAY, the low-cost Icelandic airline, for the summer 2025 season. This collaboration signals PLAY’s intent to scale up seasonal capacity while leveraging Avion Express’s operational flexibility and aircraft availability. Although specific terms and fleet assignments have not been publicly disclosed, the…
Avolon, the Dublin-based aircraft leasing company, has initiated a debt tender offer for several series of its outstanding notes. The offer, which commenced on 19 May 2025, seeks to repurchase up to $800 million in aggregate principal amount of these notes. The strategic move is aimed at optimizing the company’s capital structure and reducing outstanding debt obligations under favorable market…
Willis Lease Finance Corporation, a U.S.-based leader in aviation leasing and asset management, has announced the appointment of Z. Clifton Dameron as Senior Vice President, General Counsel, and Corporate Secretary, effective immediately. Dameron succeeds Dean Poulakidas, who has stepped down from the role to pursue other opportunities.
HALO AirFinance, a U.S.-based aviation lender, has successfully completed a senior loan transaction supporting the acquisition of a Boeing B737-800 by Crestone Air Partners, an investment platform backed by Blue Owl Capital. The financed aircraft is currently on lease to a UK-based airline, marking another strategic asset-based lending move for HALO in the secondary aircraft market.
Croatia Airlines has taken delivery of a new Airbus A220-300, serial number 55350, from U.S.-based lessor Azorra, marking the sixth A220 aircraft to join its fleet. This delivery is the first of three aircraft the airline is scheduled to receive from Azorra by 2026, as part of a comprehensive plan to overhaul and modernize its narrowbody fleet.
AviLease, the Saudi Arabian aircraft leasing company, has announced its first direct order with Boeing, marking a significant milestone in its growth strategy. The deal includes a firm commitment for 20 Boeing B737-8 aircraft, along with options for an additional 10 units. This order signals AviLease’s long-term confidence in the demand for narrowbody jets and its ambition to…
Avolon, the Dublin-based aircraft lessor, has received credit rating upgrades from two leading international agencies, signaling enhanced confidence in the company’s financial strength and operational resilience. Fitch Ratings has raised Avolon’s long-term issuer default rating from BBB- to BBB, while Moody’s Investors Service upgraded its senior unsecured debt rating from Baa3 to Baa2. Both agencies assigned a stable outlook to the updated ratings.
Drukair, the national airline of Bhutan, has officially signed a Letter of Intent (LOI) with SMBC Aviation Capital, a leading aircraft leasing firm based in Ireland, to lease a brand new Airbus A320neo. This agreement signals Drukair’s ongoing commitment to fleet renewal and network modernization.
