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Falko Reports 3Q 2024: Portfolio Grows to 266 Aircraft with Active Leasing and Sales

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Falko, a UK-based aircraft leasing and asset management company, reported a dynamic third quarter in 2024, showcasing significant portfolio activity. The company added 13 aircraft to its holdings, sold seven aircraft and one engine, and entered into Letters of Intent (LOIs) for the sale of two additional aircraft. Falko also demonstrated strong leasing activity, having leased out three aircraft and extended leases for 14…

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Falko Acquires Two E170 Aircraft on Lease to American Airlines

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Falko Regional Aircraft Limited, a UK-based aircraft asset management company, has announced the acquisition of two Embraer E170 aircraft from Azorra Aviation. These aircraft are currently leased to American Airlines and are subleased to its regional subsidiary, Envoy Air. This acquisition highlights Falko’s continued expansion in the regional jet market, reinforcing its commitment to maintaining a diverse portfolio of assets serving…

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Doric Nimrod Air Two Completes A380 Sale to Emirates for $39.6M

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Doric Nimrod Air Two, based in the UK, has announced the successful sale of an Airbus A380 aircraft, serial 109, to Emirates for a total of US$39.6 million. The transaction marks the completion of the lease period for this specific A380, with the title transfer successfully finalized. This deal represents a significant milestone in Doric Nimrod’s portfolio management, as the proceeds from…

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Aerolíneas Argentinas Considers Acquisition by Delta and Avianca Consortium

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Rumors have surfaced regarding Aerolíneas Argentinas potentially being acquired by a consortium involving Delta Air Lines from the United States and Avianca of Colombia. The Argentine government, which holds a stake in Aerolíneas Argentinas, is reportedly weighing a purchase proposal put forth by the two airlines, suggesting potential international expansion for the Argentine carrier under new ownership. This rumored deal,…

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Lufthansa CEO to Meet Italian Economy Minister Over ITA Airways Stake Sale

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Lufthansa CEO Carsten Spohr and Italian Economy Minister Giancarlo Giorgetti are scheduled to meet this weekend to address a price dispute regarding the sale of a minority stake in ITA Airways, Italy’s national airline. This high-level meeting aims to overcome differences in valuation that have stalled Lufthansa’s acquisition of a stake in the airline, which the German carrier views as a…

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Boeing Considers Selling Jeppesen Navigation Unit to Reduce Debt

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Boeing is reportedly exploring the potential sale of its Jeppesen navigation unit as part of a broader strategy to alleviate its significant $58 billion debt load. Jeppesen, known for its comprehensive navigational and flight planning solutions, has been a part of Boeing since 2000, providing services essential to pilots, airlines, and flight operators worldwide. This prospective sale underscores Boeing’s commitment…

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3TOP Aviation Acquires Four Ex-Alitalia CF34-8E Engines

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3TOP Aviation Services has acquired four ex-Alitalia CF34-8E engines to enhance its support capabilities for designated customers. The engines, with serial numbers 193835, 193838, 193846, and 193847, will be utilized to meet the specific needs of 3TOP’s clientele, offering essential components for regional aircraft powered by these engines. This acquisition strengthens 3TOP’s inventory and positions the company to provide faster and more…

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AvAir Expands Aftermarket Sales Agreement with Lufthansa Technik

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AvAir, a US-based leader in aviation aftermarket inventory solutions, has expanded its long-term aftermarket sales agreement with Lufthansa Technik Component Services (Germany). This enhanced partnership includes an inventory acquisition of over 1,600 overhauled wheels and brakes, which will be added to AvAir’s extensive stock for distribution and sale.

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Iraero Purchases Six Aircraft Engines from Tambov Airport Auction

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Iraero, a regional airline based in Russia, has successfully acquired six aircraft engines through an auction held by Tambov Airport. The starting bid for these engines was set at US$600,000, reflecting a strategic acquisition aimed at bolstering Iraero’s operational capacity and maintaining fleet reliability. The transaction highlights Iraero’s efforts to secure essential assets to support its operations amid fluctuating…

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Genesis Acquires Three Narrowbody Aircraft from BOC Aviation

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Genesis, an Ireland-based aircraft leasing company, has completed a transaction with BOC Aviation of Singapore, acquiring three of the most sought-after narrowbody aircraft in the aviation market. This acquisition includes a Boeing 737-8 currently on lease to TUI in Germany, an Airbus A320 with Volaris in Mexico, and an Airbus A320neo leased to TAP Air Portugal. These aircraft are among the most liquid models in the narrowbody segment, reflecting Genesis’s…