Qazaq Air, a regional airline based in Kazakhstan, has announced the arrival of new ownership following the sale of a 51% stake by the national welfare fund Samruk-Kazyna. The new majority stakeholders include Sovico Group from Vietnam and Kazasia Holdings from Kazakhstan. This pivotal move marks a significant milestone in the airline’s growth and expansion strategy.
FTAI Aviation, based in the Cayman Islands, has announced the launch of its Strategic Capital initiative, a groundbreaking collaboration with third-party institutional investors. This initiative is poised to leverage substantial market opportunities in the B737NG and A320ceo segments, with an annual deployment target exceeding $3 billion in capital.
CALC (Hong Kong) has taken another significant step in its strategic expansion, with its Special Purpose Vehicles (SPVs) entering into Aircraft Sale and Purchase Agreements with a subsidiary of Aircraft Recycling International(Cayman Islands). The agreements cover the acquisition of two A320 aircraft, with the transactions expected to be finalized by the end of December 2024.
CALC (Hong Kong) has announced that its Special Purpose Vehicle (SPV) has signed an Aircraft Sale and Purchase Agreement with Moutai Leasing (China). This agreement pertains to the sale of one lease-attached A320neo, marking a significant transaction in the aviation leasing sector. The sale is expected to conclude in January 2025, further strengthening CALC’s asset management strategy and Moutai Leasing’s aircraft…
MJets Air, a Malaysian-based charter airline, is set to expand its operational capacity with the acquisition of its seventh aircraft, a Boeing 737-400SF. The aircraft is being purchased from JPA No.161 Co., a Japanese entity, for US$4.6 million in cash. This strategic move aligns with MJets Air’s ambitious plan to increase its fleet size to 13 aircraft by the end…
Azman Air, a Nigerian airline, has firmly denied allegations that it sold two of its aircraft—a Boeing 737-300 and an Airbus A340-600—to Mahan Air in Iran. The airline clarified that these aircraft were dispatched to Iran solely for C-check maintenance, a routine procedure mandated every 18 months by the Nigeria Civil Aviation Authority (NCAA).
Adani Defence Systems & Technologies, a prominent player in India’s defense and aerospace sectors, has acquired an 85.8% stake in Air Works India for an enterprise value of $47 million. This acquisition marks a significant step in Adani Defence’s efforts to expand its footprint in the aerospace maintenance, repair, and overhaul (MRO) industry.
Aerolinee Siciliane, a new carrier based in Italy, has announced the acquisition of a 49% stake in Southern Aerotech, an Italian maintenance company. The strategic investment comes as the airline prepares for its first scheduled flight in May 2025.
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.
