Avation, a Singapore-based aircraft lessor, has announced that Philippine Airlines (PAL) has not exercised the early termination option for its leased Boeing B777-300ER. As a result, the lease will continue through its full term, set to expire in December 2029.
Southwest Airlines, the largest low-cost carrier in the United States, has announced a sale-leaseback transactioninvolving 36 Boeing B737-800s. The deal, conducted with aircraft management firm BBAM, aligns with Southwest’s strategy to monetize the surplus value of its exclusively all-B737 fleet.
Challenge Group, a Malta-based aviation company, has achieved a significant milestone by registering Europe’s first B777-300ERSF under its 9H Air Operator Certificate (AOC). This marks the introduction of the B777-300ERSF, a converted freighter, into the European market, with the group planning to receive two units in 2025.
Azorra (US) has announced the appointment of Susan Geitzenauer as Senior Vice President – Operations. This strategic addition to the leadership team highlights Azorra’s commitment to operational excellence and its focus on enhancing efficiency as the company continues to grow.
CDB Aviation, a global leader in aircraft leasing based in Ireland, has released its performance highlights for 2024, showcasing impressive growth and strategic milestones. Over the year, the company executed 36 transactions involving 70 new and used aircraft, reflecting its robust operational activity and commitment to meeting market demand.
Bocomm Leasing, a leading Chinese leasing company, has successfully closed its first offshore RMB aircraft finance leasing deal. This milestone was achieved through its Irish subsidiary, culminating in the delivery of an Airbus A350-900 to Korean Air in late December 2024.
Avolon, a leading aircraft leasing company based in Ireland, has announced its operational and financial highlights for the fourth quarter of 2024, showcasing significant growth and strategic progress. During the quarter, Avolon acquired 12 aircraft and transitioned five aircraft to 10 customers. The company also finalized 17 sale and leaseback agreements, sold 29 aircraft, and signed Letters of Intent (LOIs) for the sale of an…
Air Lease Corporation (US) has revealed its key activities for the fourth quarter of 2024, showcasing significant progress in its operations and financial strategies. The company delivered 18 new aircraft to its customers and successfully completed the sale of 14 aircraft to third-party buyers, generating $540 million in proceeds.
Azorra, a US-based aircraft leasing and finance company, has announced the appointment of Damon D’Agostino as its Chief Business Officer (CBO). This newly created role underscores Azorra’s focus on expanding its business operations and driving strategic growth initiatives.
Southwest Airlines, a leading US carrier, has finalized a sale-leaseback agreement with BBAM, covering 36 Boeing 737-800 aircraft. The deal has already generated $871 million from the sale of the first 35 aircraft, with lease terms ranging from 26 to 37 months.
