Ilyushin Finance Transferred to Rostec’s Avia Capital Services

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Ilyushin Finance Co. (IFC), a prominent aircraft leasing company in Russia, has officially transitioned under the control of Avia Capital Services, another leasing entity managed by Rostec, the Russian state corporation. This strategic move consolidates Rostec’s influence in the aviation leasing market, streamlining operations within its ecosystem.

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IAG (International Airlines Group), the UK-based parent company of British Airways and Iberia, is considered significantly undervalued by financial firm Panmure Liberum. According to Panmure Liberum, IAG’s share price should be trading at more than double its current value due to the company’s high return on capital and profit margins that outperform its industry peers. This assessment suggests that…

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Dubai Aerospace Enterprise (DAE) Reports 2024 Nine-Month Financial Performance

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Grupo Aeromexico Reports Slight Decline in October 2024 Passenger Numbers

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Grupo Aeromexico has released its October 2024 operational results, showing a 0.9% decrease in passengers to 2.0 million. Despite the slight drop in passenger numbers, the airline saw growth in other key performance indicators, including an 8.9% increase in Available Seat Kilometers (ASKs) and a 9.1% rise in Revenue Passenger Kilometers (RPKs). The airline’s load factor (LF) also saw a slight improvement, up 0.1 points to 85.4% for…

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Portugal Plans to Retain 51% Stake in TAP Amid Reduced Interest from IAG

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EFW and MRO Japan Partner for Airbus P2F Conversions in Japan

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EFW (Elbe Flugzeugwerke GmbH), a German aerospace company specializing in freighter conversions, has partnered with MRO Japan to establish Japan’s first conversion site for Airbus narrowbody passenger-to-freighter (P2F) aircraft. This collaboration marks a significant milestone in the expansion of freighter conversion services in Asia, with MRO Japan set to handle the next generation of Airbus P2F conversions.