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MJets Air Acquires Seventh Aircraft, Targets Fleet Expansion by 2025

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MJets Air, a Malaysian-based charter airline, is set to expand its operational capacity with the acquisition of its seventh aircraft, a Boeing 737-400SF. The aircraft is being purchased from JPA No.161 Co., a Japanese entity, for US$4.6 million in cash. This strategic move aligns with MJets Air’s ambitious plan to increase its fleet size to 13 aircraft by the end of 2025, in response to escalating demand in the aviation sector.

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Fly Jinnah to Launch Lahore-Dammam Nonstop Route in November 2024

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Fly Jinnah, Pakistan’s emerging low-cost carrier, has announced the launch of a new nonstop route connecting Lahore and Dammam, set to commence on November 16, 2024. This new service will be operated by the Airbus A320, adding to Fly Jinnah’s expanding network and offering travelers in Pakistan a direct link to Saudi Arabia.

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Lufthansa Completes $400M Sale-Leaseback for Eurowings A321neo and A320neo Fleet

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Lufthansa has entered into a $400 million sale-leaseback agreement with an undisclosed lessor, covering three Airbus A321neo and five A320neo aircraft currently operated by Eurowings, its subsidiary in Germany. This strategic move provides Lufthansa with increased flexibility and liquidity while retaining operational control of these modern, fuel-efficient aircraft within the Eurowings fleet.

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MMAG Aviation Consortium Establishes MMAG Skyfleet Aircraft Leasing Unit in Labuan

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MMAG Aviation Consortium has secured regulatory approval from Labuan, Malaysia, to establish a subsidiary, MMAG Skyfleet, which will operate as an aircraft leasing unit. This strategic move marks MMAG’s entry into the aircraft leasing industry, allowing the consortium to diversify its aviation operations and cater to the growing demand for leasing services within the region….

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Air Canada Announces 2028 Financial Targets

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Air Canada has unveiled its 2028 financial targets, outlining ambitious goals that include achieving US$21 billion in operating revenues, a minimum adjusted EBITDA margin of 17%, and approximately 5% free cash flow margin. These targets highlight the airline’s focus on long-term profitability and sustained financial growth.

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Boeing to Support Nigeria’s Airlines with Aircraft Leasing Solutions

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Boeing is set to meet with Nigeria’s Minister of Aviation, Festus Keyamo, in January 2025 in Dublin to explore options for supporting Nigeria’s domestic airline sector through tailored aircraft leasing solutions. With the country’s air travel demand steadily rising, this collaboration aims to provide Nigerian carriers with improved access to modern fleets, essential for efficiency…