Lufthansa Technik, a leading MRO provider based in Germany, and LOT Polish Airlines are strengthening their partnership through an expanded cooperation agreement. The latest collaboration focuses on MRO services for LEAP-1B engines, which power LOT’s Boeing 737 MAX fleet.
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Icelandair has released its March 2025 traffic results, showing solid year-over-year growth across key performance indicators as the carrier continues to rebound in both passenger demand and operational output.
Utair, a key player in the Russian aviation sector, has announced a net profit of $10.3 million for the year 2024. The airline also saw a significant increase in its revenue, which rose by 20.9% to reach $941.9 million.
The Stock Exchange of Thailand (SET) has announced that Thai Airways International securities will resume trading from March 12, 2025, marking a significant step in the airline’s financial recovery. As part of the trading resumption process, THAI will be granted a two-year period for continued market participation until March 7, 2027.
Qatar Airways Cargo has officially been announced as the launch customer for the B777-200LRMF (Long Range Mammoth Freighter), a newly converted widebody freighter developed by Mammoth Freighters, a U.S.-based P2F (passenger-to-freighter) conversion specialist. The airline has finalized an agreement to acquire five of these aircraft from Jetran, a U.S.-based aviation services and leasing company.
Willis Lease Finance Corporation has completed a significant transaction, acquiring 12 commercial aircraft and 13 aircraft engines, signaling further expansion of its global leasing portfolio and increased reach across airline and MRO markets.
SMBC Aviation Capital Finance, a subsidiary of SMBC Aviation Capital based in Ireland, has successfully completed the sale of US$500 million in five-year senior unsecured notes, priced at a principal rate of 5.10%. The offering represents a major financing initiative for the aircraft leasing group as it continues to expand and optimize its capital structure.
