Textron Aviation, headquartered in the United States, has achieved a significant milestone with the Cessna SkyCourierreceiving type certification from Transport Canada Civil Aviation. This certification paves the way for the aircraft’s entry into the Canadian market, solidifying its presence in North America.
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Pakistan’s government, in its bid to privatize Pakistan International Airlines (PIA), received only one bid from a shortlist of six potential bidders. Blue World City, a major real estate consortium with diversified interests, has emerged as the sole bidder for a 60% stake in PIA. This privatization aligns with Prime Minister Shehbaz Sharif‘s commitments to…
Crestone Air Partners, a U.S.-based aviation investment firm, has announced the acquisition of a Boeing 737-800, currently on lease with MIAT Mongolian Airlines. The aircraft, obtained from a securitization managed by Castlelake, underscores Crestone’s strategy to invest in high-demand aircraft assets that support regional and international airlines.
Allegiant, a U.S.-based low-cost carrier, has initiated a significant shift in its fleet composition. During the third quarter of 2024, Allegiant retired four Airbus A320s, marking the beginning of a phased transition to the Boeing 737 MAX. The airline recently took delivery of its first 737 MAX, with plans to receive an additional 11 MAX…
Cargojet (Canada) has announced its intent to secure federal funding for the development of a new aircraft Maintenance, Repair, and Overhaul (MRO) facility in Ontario. The facility is designed to support Cargojet’s fleet of 41 Boeing 757 and 767 freighters, while also providing services to other airlines and operators.
Willis Lease Finance Corporation (WLFC), a leading U.S.-based provider of aviation leasing and asset management services, has entered into a new five-year revolving credit facility totaling $1 billion. This significant agreement, which includes WLFC’s wholly-owned subsidiaries as guarantors, replaces the company’s previous $500 million credit facility, enhancing its financial flexibility and supporting its long-term growth…
United Airlines, one of the largest carriers in the United States, has added a new Boeing 737-9 to its fleet. The aircraft, identified by serial 68826, is equipped with advanced LEAP-1B28 engines, known for their fuel efficiency and operational reliability.
