Flair Airlines, a Canadian ultra-low-cost carrier, is facing a $30.9 million countersuit in Ontario from four Irish lessors— Columbia Lights Aviation, Corvus Lights Aviation, Mam Aircraft Leasing, and Airborne Capital. The legal action stems from alleged financial damages tied to lease terminations and the repossession of four Boeing 737 MAXaircraft.
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Sunwing Airlines, a Canadian low-cost carrier, has bolstered its fleet with the addition of a Boeing 737-800, serial number 39922, acquired on a wet lease from TUI Airways in the United Kingdom. This aircraft comes equipped with CFM56-7B27E engines, known for their efficiency and reliability, which aligns with Sunwing’s operational goals of providing dependable and cost-effective air travel. The wet…
Madagascar Airlines is set to expand its fleet with the upcoming addition of two ATR72 aircraft—a 500 and a 600 model—expected by the end of 2024. These aircraft are leased and will significantly enhance the airline’s regional capabilities, supporting its strategy to improve connectivity within Madagascar and neighboring regions. While initially scheduled for earlier delivery,…
American Airlines has enhanced its long-haul operations with the recent delivery of a B787-9 aircraft, serial number 66007, powered by GEnx-1B74/75 engines. This delivery underscores the airline’s commitment to modernizing its widebody fleet to meet growing international demand.
Kuwait Airways has taken delivery of its first Airbus A330-900, marking a significant milestone as the first airline in the Middle East to operate this advanced aircraft. The delivery of the A330-900, with serial 2081, represents a major step forward in the airline’s fleet modernization program.
SpiceJet, one of India’s prominent budget airlines, has announced a significant financial turnaround in its fourth quarter of fiscal year 2025, recording a profit after tax of $37.8 million. This figure marks a 173% increase compared to the previous period, underscoring a robust recovery in profitability despite declining revenues.
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…
