Turkish Airlines has become the first airline globally to utilize the Sompo AXIS Aviation Finance Insurance product to finance its new aircraft, signaling a unique innovation in aviation financing. The carrier applied the solution to the acquisition of two aircraft: one Airbus A350-900 and one Airbus A321neo.
SkyUp Europe, based in Malta, has expanded its operations with the delivery of one Airbus A321neo, serial 8008, via a wet lease agreement with PLAY Europe. The aircraft is powered by LEAP-1A32 engines manufactured by CFM International.
British Airways, the flag carrier of the United Kingdom, has expanded its narrowbody fleet with the delivery of one Airbus A321neo, bearing manufacturer serial number (MSN) 12481. The aircraft is equipped with LEAP-1A32 engines, a high-efficiency turbofan model from CFM International.
Cebu Pacific, the leading low-cost carrier in the Philippines, reported a steep decline in profitability for the first quarter of 2025, despite strong revenue growth. The airline’s net profit plunged by 79.2% year-over-year, dropping to $8.4 million, even as total revenue rose by 20.2% to $549 million.
Frontier Airlines, a major U.S. ultra-low-cost carrier, has expanded its narrowbody fleet with the delivery of an Airbus A321neo, serial number 12486, powered by PW1133G-JM engines. This latest addition reflects the airline’s ongoing strategy of fleet modernization and capacity growth across its domestic and international routes.
MUFG, a leading Japanese financial group, has completed a $106 million finance lease transaction with IndiGo, India’s largest airline by market share. The agreement spans 12 years and is secured by two brand-new Airbus A321neoaircraft. This long-term lease reflects continued confidence in IndiGo’s growth trajectory and underscores the strategic role of finance leasing in supporting fleet modernization.
Jetstar, the low-cost subsidiary of Qantas Group, has taken delivery of a new Airbus A321neo, serial number 12159, equipped with CFM International LEAP-1A32 engines. This aircraft enhances the carrier’s capacity on high-density domestic and short-haul international routes from Australia.
Frontier Airlines, a major U.S.-based low-cost carrier, continued to strengthen its fleet strategy during the first quarter of 2025 by extending 14 aircraft leases that were originally scheduled to end in 2026 and 2027. This strategic move reflects the airline’s focus on maintaining operational continuity and avoiding short-term capacity gaps amid increasing demand projections.
Frontier Airlines, the U.S.-based ultra-low-cost carrier, has bolstered its fleet with the delivery of four Airbus A321neo aircraft and two spare engines during the first quarter of 2025. These new additions are part of the airline’s ongoing fleet expansion strategy aimed at increasing capacity while maintaining cost efficiency.
United Airlines has strengthened its narrowbody fleet with the recent delivery of two next-generation aircraft: a Boeing 737-9, serial number 43448, powered by CFM LEAP-1B28 engines, and an Airbus A321neo, serial number 12424, equipped with Pratt & Whitney PW1133G-JM engines. These additions reflect United’s strategic fleet renewal plan as it focuses on operating a modern, fuel-efficient single-aisle fleet.
