Fitch Ratings (US) has announced that the Chapter 11 bankruptcy filing of Spirit Airlines (US) will not have a material impact on Aircraft Lease ABS (Asset-Backed Securities). The credit rating agency attributes this stability to the limited exposure of ABS pools to aircraft leased by Spirit Airlines.
Please SUBSCRIBE to view the full content.
First month of membership is free!
Lilium N.V., a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), has announced that it received a written notice from the Nasdaq Listing Qualifications Department on October 28, 2024. This notice follows the insolvency applications of Lilium GmbH and Lilium eAircraft GmbH, the company’s principal operating wholly-owned German subsidiaries, filed in the…
Global Crossing Airlines has released its preliminary financial projections for the fourth quarter and fiscal year ending December 31, 2024. The company anticipates Q4 2024 revenue to be between $55 million and $61 million, with an EBITDA ranging from $2 million to $5 million.
Jet2, the UK-based leisure airline, has bid farewell to its Boeing 757 fleet, operating its final flight with serial number 27973. The historic flight departed from Geneva and landed at Manchester, symbolizing the end of an era for Jet2 as it retires the iconic aircraft.
United Airlines, a leading carrier in the US, has further strengthened its fleet by taking delivery of a leased B737-9, serial number 67741, which is powered by LEAP-1B28 engines. This strategic enhancement is part of United’s ongoing efforts to modernize its fleet with more fuel-efficient and environmentally friendly aircraft.
Japan Airlines (JAL) has expanded its fleet with the delivery of its first Airbus A350-1000, bearing serial number 683. The aircraft is powered by Rolls-Royce Trent XWB-97 engines, known for their fuel efficiency and advanced performance capabilities. This delivery is part of a larger order for 13 A350-1000 aircraft, scheduled to arrive within the current fiscal year.
Frontier Group Holdings, the parent of ultra-low-cost carrier Frontier Airlines, has announced its financial performance for the first quarter of 2025, reporting total operating revenues of $912 million, a 5% increase year-over-year. However, despite the revenue growth, the company posted a net loss of $43 million for the quarter.
