AviaAM Leasing Service Centre, a part of the AviaAM Leasing group, is progressing toward the final stages of a B777-300ER Passenger-to-Freighter (P2F) conversion project in collaboration with Mammoth Freighters (US). This strategic initiative is expected to be completed by the end of 2025, marking a significant milestone in the company’s ongoing efforts to expand its freighter portfolio and respond to growing…
Flair Airlines, a Canadian ultra-low-cost carrier, is facing a $30.9 million countersuit in Ontario from four Irish lessors— Columbia Lights Aviation, Corvus Lights Aviation, Mam Aircraft Leasing, and Airborne Capital. The legal action stems from alleged financial damages tied to lease terminations and the repossession of four Boeing 737 MAXaircraft.
Oman Air, the national carrier of the Sultanate of Oman, has received a new Boeing 737-8 aircraft with manufacturer serial number 63370. The aircraft is powered by CFM International LEAP-1B27 engines, known for their efficiency and reduced environmental footprint.
Korean Air, South Korea’s flag carrier, has expanded its widebody fleet with the addition of a Boeing 787-10, carrying manufacturer serial number 66881. The aircraft is powered by General Electric GEnx-1B engines, known for their high efficiency and lower emissions on long-haul operations.
Alaska Air Group, one of the largest carriers in the United States, has announced plans to exercise options for five additional Boeing 787-9s, expanding its long-haul capabilities. Simultaneously, the airline will firm up additional options for Boeing 737-10s, reinforcing its narrowbody growth strategy.
Africa Charter Airline, based in South Africa, has expanded its freighter operations by placing a second Boeing 737-400F into ACMI service for BidAir Cargo, also based in South Africa. The aircraft, bearing manufacturer serial number 24446, further strengthens the partnership between the two companies in the fast-growing African cargo market.
AirExplore, a Slovakian ACMI and cargo operator, has announced the sublease of one Boeing 737-800F freighter to ASL Airlines Belgium. The move marks another step in the regional redistribution of freighter capacity across Europe as cargo operators continue to optimize their fleets for evolving demand patterns.
Fitch Ratings has upgraded its Outlook on Boeing’s Long-Term Issuer Default Rating (IDR) to Stable, reversing its previous Negative stance. The agency has simultaneously affirmed Boeing’s Long-Term IDR at ‘BBB-’, maintaining its investment-grade status. This change reflects increased confidence in Boeing’s medium-term financial stability and operational recovery following several years of setbacks tied to production delays, safety scrutiny, and supply chain challenges.
Boeing has announced a leadership transition in its finance division with the appointment of Jesus Malave as Executive Vice President and Chief Financial Officer (CFO), effective 15 August 2025. He will succeed Brian West, who will take on a new role as Senior Advisor to Boeing President and CEO Kelly Ortberg.
Singapore Airlines continues its narrowbody fleet modernization with the delivery of a Boeing 737-8, bearing serial number 44266, and equipped with LEAP-1B27 engines from CFM International. This aircraft joins the airline’s growing 737 MAX fleet, supporting regional growth and operational efficiency.
