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.
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AV AirFinance, a global commercial aviation loan servicer headquartered in Dublin, Ireland, has announced the appointment of Jonathan O’Dowd as Senior Vice President of Investments. Based in Singapore, O’Dowd will oversee global credit underwriting and manage strategic airline relationships, contributing to the company’s expansion in the Asia-Pacific region.
Avation, a Singapore-based aircraft leasing company, has entered into a term sheet agreement with a major international bank for a $85 million portfolio financing facility. This facility will be utilized primarily for the refinancing of existing aircraft within Avation’s fleet and for the acquisition of additional aircraft, subject to specific conditions.
FlyKhiva (Uzbekistan) has expanded its fleet with the delivery of a Boeing B757-300, identified by serial 29434. The aircraft is provided on a wet lease from Icelandair and is powered by RB211-535E4B engines.
SAMCO Aircraft Maintenance has signed a four-year contract extension with CityJet, an Ireland-based wet-lease airline, to provide comprehensive maintenance services for CityJet’s CRJ 900 and CRJ 1000 fleet operating throughout Europe. This extended agreement covers all line maintenance needs, including regular hangar maintenance visits, which will be conducted from SAMCO’s Scandinavian Hub in Copenhagen and…
Thai AirAsia, one of Thailand’s leading low-cost carriers, has taken delivery of a new A321neo, serial number 12135, powered by LEAP-1A32 engines. This latest addition aligns with Thai AirAsia’s fleet expansion strategy, aimed at increasing operational capacity and enhancing fuel efficiency. The A321neo, known for its extended range and reduced emissions, is ideally suited for high-demand routes, offering greater…
Total Linhas Aereas, a Brazilian airline, faced a critical incident when its Boeing 737-400F, identified by serial 26299, landed at Sao Paulo with an active fire in its cargo hold. Fortunately, the crew was able to escape the aircraft without injury. However, the aircraft sustained significant structural damage due to the blaze. This incident highlights the risks associated with…
