German Airways has announced plans to purchase outright the Embraer E190 aircraft it currently leases from Azorra, a US-based leasing company.
Please SUBSCRIBE to view the full content.
Free trial available — 7 days on Monthly, 30 days on Annual!
Air France-KLM reported solid financial results for the third quarter of 2024, with a 3.7% increase in Group revenues reaching $9.0 billion. The company posted a net income of $824 million, reflecting ongoing efforts to strengthen its position amidst global travel demand fluctuations.
BOC Aviation (Singapore) has expanded the responsibilities of Paul Kent, its Chief Commercial Officer (CCO), to include oversight of the company’s global airline leasing and sales teams. This expansion consolidates the leasing and sales functions in the Asia-Pacific and Middle East regions under his leadership, integrating them with his existing responsibilities.
Singapore Airlines has reported a sharp 59% decline in net profit for its first fiscal quarter, citing heavy losses from its equity stake in Air India, which has recently faced multiple challenges, including a fatal crash and broader operational turbulence. Net profit dropped to $404 million from $986 million during the same period last year.
Jeju Air, a prominent South Korean airline, is at the center of an ongoing investigation following the recent crash of one of its Boeing 737-800 aircraft. A preliminary report has revealed the presence of duck DNA in both engines, raising questions about bird strikes as a potential contributing factor.
Global Crossing Airlines Group (GlobalX), a U.S.-based charter and ACMI operator, has completed the acquisition of one Airbus A320, bearing manufacturer serial number 3101, marking its first direct aircraft purchase. In addition, GlobalX has signed definitive lease agreements for four Airbus A319s with serials 2477, 2481, 2492, and 2503, with scheduled deliveries spanning from August to November 2025.
Jet2 has expanded its fleet with the delivery of a new Airbus A321neo, bearing serial 12355. The aircraft is powered by LEAP-1A32 engines, offering greater fuel efficiency and lower emissions, aligning with the airline’s growth and sustainability strategy.
