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.
South African Airways (SAA) has expanded its operational capacity by adding a Boeing 737-800 on a wet lease from Turkish carrier SunExpress. The aircraft, serial number 61333, TC-SOC, which first flew in 2017, is equipped with CFM56-7B26E engines, a power choice known for its reliability and efficiency in the single-aisle market. The wet lease arrangement…
Renegade Air, a regional airline based in Kenya, has strengthened its fleet with the addition of a DHC8-100, serial number 392, leased from Avmax Aircraft Leasing, a Canada-based leasing company. Known for its operational reliability and fuel efficiency, the DHC8-100, also called the Dash 8, is well-suited for Renegade Air’s short-haul routes across Kenya and…
Avolon Holdings Limited reported robust third-quarter 2024 financials, with lease revenue reaching $773 million, a testament to strong operational performance and increased demand for aircraft leasing. This quarterly revenue signifies a 5% year-over-year increase, driven by Avolon’s ongoing expansion of its high-utilization fleet. The company also recorded a net income growth for the period, reflecting…
AerCap Holdings N.V. reported a solid Q3 2024, delivering a net income of $375 million and an adjusted net income of $463 million, reflecting its strong market position and operational stability. AerCap increased its 2024 adjusted earnings per share (EPS) guidance to around $10.70, driven by record cash flows and high asset utilization. Over the…
Ireland-based aircraft leasing firms, widely favored by Indian airlines for fleet expansion, are now under scrutiny from India’s tax authorities. The investigation stems from concerns that these lessors might be exploiting favorable tax treaties, specifically by structuring their businesses in Ireland to minimize tax liabilities in India. Leasing companies registered in Ireland benefit from the…
Crestone Air Partners, Inc. (CAP) has welcomed Alan Kehoe as Vice President of Marketing & Trading. Kehoe brings a wealth of experience in aviation leasing and trading, previously holding prominent roles such as Director of Aircraft and Engine Trading at AerSale, Inc., and Vice President of Origination at Aquila Air Capital. His appointment strengthens Crestone’s…
SMBC Aero Engine Lease (SAEL) has celebrated a major milestone with the delivery of its 100th engine—a PW1133GA-JM— to Cebu Pacific Air. This engine delivery is part of a customized sale and leaseback solution tailored to support Cebu Pacific’s fleet growth and operational needs. Cebu Pacific, one of SAEL’s largest airline customers, benefits from SAEL’s…
KlasJet, a private jet charter provider and part of Avia Solutions Group, has entered a six-month ACMI (Aircraft, Crew, Maintenance, and Insurance) agreement with Congo Airways to lease a Boeing 737. Starting in November 2024 and running until April 2025, the aircraft will be based at Kinshasa Ndjili International Airport, focusing on domestic flights to…
Fly2Sky, a Bulgarian ACMI (Aircraft, Crew, Maintenance, and Insurance) provider, has secured a new contract with TUI Group, Germany’s leading tourism company, for the summer 2025 season. Under this agreement, Fly2Sky will operate four aircraft on behalf of TUI, enabling TUI to meet anticipated demand across its European network. This arrangement will support TUI’s strategy…
