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MMAG Aviation Consortium Establishes MMAG Skyfleet Aircraft Leasing Unit in Labuan

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MMAG Aviation Consortium has secured regulatory approval from Labuan, Malaysia, to establish a subsidiary, MMAG Skyfleet, which will operate as an aircraft leasing unit. This strategic move marks MMAG’s entry into the aircraft leasing industry, allowing the consortium to diversify its aviation operations and cater to the growing demand for leasing services within the region….

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Genesis Promotes Denise Byrne to Lead New SVP Portfolio Services Department

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Genesis, an Ireland-based aircraft lessor, has announced the promotion of Denise Byrne from her role as VP of Pricing to Senior Vice President (SVP) of Portfolio Services. This new department will consolidate Genesis’s pricing and risk management activities under a single umbrella, enhancing the company’s focus on effective asset management and strategic financial oversight. Byrne’s…

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Spirit Airlines to Sell 23 Airbus A320/A321 Aircraft to GA Telesis

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Spirit Airlines, a prominent U.S.-based low-cost carrier, has announced a significant fleet adjustment with the sale of 23 Airbus A320 and A321 aircraft to GA Telesis. The agreement, valued at approximately $519 million, outlines the planned delivery of these aircraft through February 2025. This transaction is part of Spirit’s fleet optimization strategy, allowing the airline…

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IndiGo Secures Approval to Extend Wet Lease of 11 A320s from SmartLynx Airlines

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IndiGo, India’s largest airline, has received approval from the Indian government to renew the wet lease of 11 Airbus A320 aircraft from Latvia-based SmartLynx Airlines. This renewal aims to support IndiGo’s operational needs as the carrier addresses an Aircraft on Ground (AOG) issue caused by recurring engine snags affecting its fleet. The wet lease agreement…

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Geosky Acquires Boeing 767-300BCF from NAS Aircraft Leasing

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Geosky, a cargo airline based in Georgia, has expanded its fleet with the addition of a Boeing 767-300BCF. This aircraft, identified by serial number 30564, is leased from NAS Aircraft Leasing, a U.S.-based leasing company. Powered by Pratt & Whitney PW4062 engines, the Boeing 767-300BCF offers Geosky enhanced cargo capacity and operational flexibility, supporting the…

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Dubai Aerospace Enterprise Leases Three Boeing 737-8 Aircraft to Eastar Jet

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Dubai Aerospace Enterprise (DAE), a leading global aircraft leasing company based in the UAE, has announced the signing of lease agreements with South Korea’s Eastar Jet for three Boeing 737-8 aircraft. These aircraft are scheduled for delivery in mid-2025 and the first quarter of 2026, enabling Eastar Jet to expand its fleet with the latest…

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Willis Lease Finance Secures $1 Billion Revolving Credit Facility

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Willis Lease Finance Corporation (WLFC), a leading U.S.-based provider of aviation leasing and asset management services, has entered into a new five-year revolving credit facility totaling $1 billion. This significant agreement, which includes WLFC’s wholly-owned subsidiaries as guarantors, replaces the company’s previous $500 million credit facility, enhancing its financial flexibility and supporting its long-term growth…

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Dubai Aerospace Enterprise Leases Four Boeing 737-8 Aircraft to Hainan Airlines

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Dubai Aerospace Enterprise (DAE), a prominent aircraft leasing company based in the UAE, has announced lease agreements with Hainan Airlines, one of China’s leading carriers, for four new Boeing 737-8 aircraft. This strategic agreement aligns with Hainan Airlines’ growth plans and DAE’s objective to support its clients with modern, fuel-efficient aircraft. The deliveries are scheduled…

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Swiftair Expands Fleet with Leased Airbus A321P2F Equipped with V2533-A5 Engines

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Swiftair, a Spanish airline known for its cargo and charter services, has enhanced its fleet with the addition of an Airbus A321P2F, serial number 3964. This freighter aircraft, leased and powered by V2533-A5 engines, will support Swiftair’s expanding cargo operations across Europe.

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IAT Leasing Acquires 2006 Airbus A330-300 Leased to Aer Lingus

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IAT Leasing, an Ireland-based aircraft leasing company, has announced the acquisition of a 2006 Airbus A330-300, which is currently leased to Irish flag carrier Aer Lingus. This transaction was facilitated by Castlelake, a U.S.-based investment firm, on behalf of one of its American investor partners. This acquisition reflects IAT Leasing’s commitment to expanding its fleet…