SMBC Aero Engine Lease Reaches 100-Engine Milestone with Delivery to Cebu Pacific

ByAdmin 29/10/202431/10/2024

SMBC Aero Engine Lease (SAEL) has celebrated a major milestone with the delivery of its 100th engine—a PW1133GA-JM— to Cebu Pacific Air. This engine delivery is part of a customized sale and leaseback solution tailored to support Cebu Pacific’s fleet growth and operational needs. Cebu Pacific, one of SAEL’s largest airline customers, benefits from SAEL’s customer-focused approach to engine financing, strengthening its capacity for consistent, reliable service across its expanding network.

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Turkish Airlines Adds A320 with V2527-A5 Engines to Fleet

ByAdmin 12/11/202414/11/2024

Turkish Airlines has expanded its fleet with the recent delivery of a leased Airbus A320, identified by serial number 5073. This A320 is powered by V2527-A5 engines from IAE, known for their reliability and efficiency on short- to medium-haul routes. The addition supports Turkish Airlines’ strategy to strengthen its fleet and enhance its operational capabilities across various regional routes.

Airbus | Airlines | Leasing

Aeroflot to Lease Three A330s from I Fly

ByAdmin 01/12/202404/12/2024

Aeroflot (Russia) has signed a preliminary agreement with I Fly (Russia) to lease three Airbus A330 aircraft. This strategic move is part of Aeroflot’s plan to expand its route network to the Far East, enhancing connectivity and capacity on long-haul routes.

Airlines | Crisis | Financial | Quarterly Performance

Russia’s State Transport Leasing Company Sees 9M 2024 Net Profit Drop Amid Revenue Surge

ByAdmin 31/10/202403/11/2024

The State Transport Leasing Company (STLC) of Russia reported a sharp decline in net profit for the first nine months of 2024, despite significant revenue growth. According to the company’s latest financial statement, net profit dropped by 2,750%, amounting to just $4.5 million, a steep fall from previous periods. However, revenue increased by an impressive…

Sunwing Airlines Receives B737-800 on Wet Lease

ByAdmin 03/12/202405/12/2024

Sunwing Airlines (Canada) has expanded its fleet with the addition of a Boeing B737-800, identified by serial 29351. The aircraft is provided on a wet lease from Smartwings (Czechia) and is powered by CFM56-7B26 engines.

Airlines | Crisis | Management

Thai Airways Faces Opposition Over Amendment to Add Government Officials as Administrators

ByAdmin 06/11/202408/11/2024

Thai Airways International faces strong opposition from its labor union and creditors regarding a proposed amendment to its business rehabilitation plan. The amendment seeks to add two government officials as administrators of the airline’s rehabilitation process, a move that has stirred concerns among stakeholders. Both the labor union and creditors argue that appointing government officials as administrators could influence the airline’s management and…

Airlines | Flag Carrier | Network

American Airlines Cancels Planned Chicago-Venice Service for June 2025

ByAdmin 06/11/202408/11/2024

American Airlines has announced the cancellation of its previously planned service resumption between Chicago O’Hare (ORD) and Venice Marco Polo (VCE), which was scheduled to commence on June 4, 2025. This decision reflects ongoing adjustments in American Airlines’ network planning as the carrier evaluates demand and resource allocation for its transatlantic routes. The Chicago-Venice route has been popular with leisure…

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