CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd., has announced the signing of lease agreements with Ethiopian Airlines for two Boeing 737 MAX 8 aircraft, further strengthening the African flag carrier’s position as a regional leader in fleet modernization and connectivity.
Afrijet Business Service, operating under the brand FLYGABON, has officially taken delivery of its first brand-new ATR 42-600, becoming the operator of the youngest ATR fleet in Africa. This delivery marks a pivotal step in the airline’s fleet modernization strategy, enabling it to fully transition away from its older ATR 42-500 units in favor of a next-generation ATR-600 fleet.
Ethiopian Airlines has confirmed it will receive two electric vertical takeoff and landing (eVTOL) aircraft in 2026, as part of a strategic partnership established with Archer Aviation in March 2025. The deal marks a significant step forward in the airline’s commitment to embracing cutting-edge aviation technologies and exploring sustainable transportation options.
SMBC Aviation Capital, one of the world’s leading aircraft leasing firms based in Ireland, has finalized an agreement to lease one Airbus A320neo to Air Cairo, an Egyptian low-cost and charter carrier. The aircraft is scheduled for delivery in 2026, further supporting Air Cairo’s ongoing strategy to modernize and expand its fleet.
Boeing, a global leader in aerospace manufacturing, has announced its projected financial results for the fourth quarter of 2024, highlighting revenue of $15.2 billion. Despite significant revenue generation, the company anticipates a GAAP loss per share of ($5.46) and a negative operating cash flow of ($3.5) billion.
Avolon (Ireland) and Air New Zealand have signed a Memorandum of Understanding (MOU) to collaborate on research aimed at advancing the commercialization of electric aircraft and other novel propulsion technologies, including battery hybrid and hydrogen systems. This partnership underscores both companies’ commitment to driving innovation and sustainability in the aviation sector.
Bangkok Airways, a regional airline based in Thailand, is evaluating options to replace its aging fleet of 11 Airbus A319s and two A320s with either the Airbus A220 or the Embraer E2. A final decision is expected by the end of 2024, with aircraft deliveries anticipated to begin in 2026 at the earliest. This move reflects Bangkok Airways’ commitment to modernizing its fleet and enhancing operational…
