Lufthansa Technik reported a 49.5% increase in adjusted EBIT to US$183 million during the first quarter of 2025, supported by a robust 18.4% growth in revenue to US$2.2 billion. The results reflect sustained recovery in global MRO (maintenance, repair, and overhaul) demand.
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The Reykjanes District Court has ruled in favor of Air Berlin’s insolvency administrator in a legal case against Isavia, Iceland’s airport operator. The decision allows the administrator to confiscate assets worth over $1.1 million, stemming from a dispute over an aircraft impounded at Keflavík Airport in 2017. The ruling represents a significant victory for Air Berlin’s creditors, as the funds recovered will contribute to…
Dubai Aerospace Enterprise (DAE), a leading global aircraft leasing company based in the UAE, has announced the signing of lease agreements with South Korea’s Eastar Jet for three Boeing 737-8 aircraft. These aircraft are scheduled for delivery in mid-2025 and the first quarter of 2026, enabling Eastar Jet to expand its fleet with the latest…
China Southern Airlines recently took delivery of an Airbus A321neo with serial number 12322, further expanding its fleet with modern and efficient aircraft. The aircraft is powered by advanced LEAP-1A32 engines, manufactured by CFM International, known for their fuel efficiency and reduced emissions.
Falko, a UK-based specialist in regional aircraft leasing, has provided a comprehensive summary of its 4Q 2024 and full-year 2024 portfolio activity, showcasing significant achievements in transactions and portfolio management.
Madagascar Airlines is enhancing its operational fleet this week with the addition of three aircraft, boosting its capacity to serve domestic and regional routes. The first of these additions is a repaired ATR with serial number 1248, which is now back in service. Joining this aircraft is a Q400 leased from CemAir, a South African airline, which will serve as a…
Arajet, the Dominican Republic’s low-cost carrier, is set to launch its inaugural flight to New York City on April 16, 2025, departing from Santo Domingo. This milestone marks Arajet’s first direct service to the United States, a significant expansion of its international network.
