China Southern Airlines (China) has taken delivery of one Airbus A321neo, further enhancing its modern fleet. The aircraft, bearing the serial number 12281, is powered by LEAP-1A32 engines, renowned for their fuel efficiency and performance.
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CemAir, a South African regional carrier, has been directed by the South Gauteng High Court to return equipment leased from Swissport South Africa within five days. The court ruling follows the carrier’s failure to extend its existing leasing contract with Swissport.
Air Transport Services Group (ATSG), a prominent U.S.-based provider of air cargo and leasing services, has entered into a definitive agreement to be acquired by investment firm Stonepeak in an all-cash transaction valued at approximately $3.1 billion. The deal, which is expected to close in the first half of 2025, will result in ATSG transitioning…
GOL Linhas Aéreas, Brazil’s largest low-cost airline, has reached a significant agreement to reduce its liabilities to the Brazilian government by $750 million, cutting the total amount owed to $250 million. This development marks a crucial step in the airline’s efforts to secure a stable financial future and emerge successfully from bankruptcy proceedings.
Cebu Air, the Philippines’ largest airline, has reported its 9M 2024 financial results, highlighting an 11% increase in total revenue to $1.26 billion compared to the same period in the previous year. However, the airline’s net income fell by 33%, settling at $57.8 million. This mixed performance reflects both the recovery in travel demand and ongoing operational cost pressures impacting profitability.
Crestone Air Partners has a 1993 vintage 737-400SF available for purchase or lease at the end of October.
