Spirit Airlines, a prominent low-cost carrier in the United States, has received approval from the US Bankruptcy Courtto complete the sale of 23 Airbus aircraft, comprising A320 and A321 models, to GA Telesis (GAT), a leading aviation solutions company. This transaction marks a significant development in Spirit Airlines’ restructuring efforts.
Mahan Air, based in Iran, has taken delivery of two aircraft: an Airbus A340-600, identified by serial 765, and a Boeing 737-300, serial 28557. These aircraft were previously operated by Azman Air, a Nigerian carrier. The deliveries have drawn scrutiny from the Nigeria Civil Aviation Authority (CAA) over potential violations of international sanctions.
MTU Aero Engines, a leading German aircraft engine manufacturer, has announced the acquisition of 3D.aero, a German company specializing in automation and measurement technology. This strategic move enhances MTU’s capabilities in advanced manufacturing processes and precision measurement, strengthening its position as a technology leader in the aerospace industry.
Aquila Air Capital, a US-based aircraft leasing and financing company, has announced that Wafra, an investment firm headquartered in the US, has completed the acquisition of its platform from private equity firm Warburg Pincus. This transaction marks a significant shift in ownership and highlights continued investor confidence in the aviation finance sector.
Airbus has initiated negotiations with Daher, a French aerospace company, for the potential acquisition of aerostructures subassembly activities related to the A320 family near Nantes, France. This move aligns with Airbus’s strategy to streamline its supply chain and strengthen its position in the aerostructures market.
Nordic Aviation Capital (NAC), a leading lessor based in Ireland, has completed the sale of an ATR42-500 airframe to DAT (Danish Air Transport), a regional airline based in Denmark. This transaction highlights NAC’s ongoing efforts to optimize its portfolio while supporting operators in enhancing their regional capabilities.
The Canadian government has reportedly sold its 6% stake in Air Canada, which it had acquired in 2021 for $350 million as part of a bailout package to support the airline during the COVID-19 pandemic. This move marks a significant development in the relationship between the government and the nation’s flagship carrier.
The Nivelles enterprise court has approved the takeover of Air Belgium by Peso Aviation Management (Netherlands) and Air One Holding International (UK). The new ownership marks a significant shift for the Belgian carrier, which will now focus exclusively on cargo operations. The restructuring will also see the workforce reduced from 401 employees to 197, reflecting the streamlined focus on cargo services.
Korean Air is set to officially finalize its acquisition of a controlling stake in Asiana Airlines (South Korea) today. This strategic move will see Korean Air invest $1.07 billion to purchase a 63.9% stake in Asiana through a third-party share issuance, marking a significant milestone in the consolidation of South Korea’s aviation industry.
Air Canada has finalized the sale of two Boeing 767-300F freighters, identified by serial numbers 67023 and 67024, to Ethiopian Airlines, one of Africa’s leading carriers. The aircraft, previously in production storage, have now been delivered to Addis Ababa, marking a notable transaction in the global air cargo sector.
