SKY Leasing, a U.S.-based aircraft leasing platform, has successfully completed the final close of its flagship investment vehicle, SKY Fund VI, with over $1.35 billion in total capital commitments. The fund significantly exceeded its original fundraising target, underlining strong institutional investor confidence in SKY’s strategy and track record.
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FL Technics, a Lithuanian-based MRO provider, has announced the appointment of Donatas Dockus as the new CEO of Wright International, its Canadian subsidiary. The leadership change is part of FL Technics’ strategic expansion into the North American aviation market, reinforcing its global presence in the aircraft maintenance, repair, and overhaul (MRO) industry.
Southwest Airlines, one of the largest low-cost carriers in the United States, has revised its financial outlook for the fourth quarter of 2024, increasing its guidance for unit revenues. The airline now expects unit revenues to rise between 5.5% and 7%, a significant improvement driven by strong demand and optimized capacity.
Boeing is set to face a shareholder class action lawsuit following a mid-air incident involving a 737 MAX 9. The lawsuit alleges that Boeing prioritized profits over safety and misrepresented its commitment to safe aircraft. A federal judge ruled that shareholders who held Boeing stock between January 7, 2021, and January 8, 2024, can sue for damages, citing misleading statements that artificially inflated…
Aircastle (US) has completed the delivery of its first Boeing 737-9 MAX to United Airlines (US), marking the start of a series of six planned deliveries in 2024 and 2025. This aircraft is the first of the new MAX 9s that will join United’s growing fleet as part of its ongoing modernization and expansion efforts.
Six West Aviation, an Ireland-based global provider of flight operations and leasing solutions, has appointed Donal Young as its new Chief Development and Strategy Officer. This key leadership position underscores Six West’s commitment to expanding its market presence and driving strategic growth initiatives.
