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Jet Airways Liquidation May Transfer Aircraft to Challenge Group

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The liquidation process for Jet Airways (India) is gaining momentum, with auctioned planes potentially being transferred to the Challenge Group, based in Malta. This development reflects a positive approach from both the lendersand the liquidator, who are working towards a resolution that maximizes asset recovery.

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Yakutia Ordered to Pay $2.6M to VTK-Avia for SSJ100 Lease Debt

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The Moscow Arbitration Court has issued an order requiring Yakutia Airlines, a Russian carrier, to pay $2.6 million to VTK-Avia as part of a partial settlement in a debt recovery case. The case centers on a 2017 lease agreement for two SSJ100 aircraft, with VTK-Avia seeking compensation for unpaid dues under the lease terms. This ruling marks a significant step in resolving a longstanding financial dispute, with…

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Lufthansa Technik to Open New Facility in Portugal by 2027

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Lufthansa Technik (Germany) has announced plans to invest significantly in a new facility near Porto, Portugal, as part of its global expansion strategy. The project, slated for completion by the end of 2027, underscores Lufthansa Technik’s commitment to enhancing its maintenance, repair, and overhaul (MRO) capabilities in Europe.

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Riyadh Air Orders 60 Airbus A321neos Ahead of 2025 Launch

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Riyadh Air, Saudi Arabia’s emerging premium airline, has signed a deal to purchase 60 Airbus A321neo aircraft, bolstering its fleet as it prepares for its inaugural flights in 2025. The announcement, made during the 8th Edition of the Future Investment Initiative (FII) in Riyadh, marks the airline’s second major aircraft order and reflects its commitment…

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Fly2Sky Signs Three-Year Wet Lease Agreement with SkyUp Airlines

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Fly2Sky, a Bulgarian charter airline, has signed a three-year wet lease agreement with SkyUp Airlines of Ukraine, providing aircraft to support SkyUp’s growing operations. The deal includes the wet lease of two Airbus A320s for the full three years and two Airbus A321s, which will remain in service until October 31, 2025.

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IAT Leasing Acquires 2006 Airbus A330-300 Leased to Aer Lingus

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IAT Leasing, an Ireland-based aircraft leasing company, has announced the acquisition of a 2006 Airbus A330-300, which is currently leased to Irish flag carrier Aer Lingus. This transaction was facilitated by Castlelake, a U.S.-based investment firm, on behalf of one of its American investor partners. This acquisition reflects IAT Leasing’s commitment to expanding its fleet…