Air Canada has revealed Palma de Mallorca as the inaugural new destination for its Airbus A321XLR fleet, with flights from Montréal–Trudeau (YUL) set to begin on June 17, 2026. This marks the airline’s first use of the highly anticipated extra-long-range narrowbody and the first time a Canadian carrier will serve the Spanish island directly.
Sumitomo Corporation, SMBC Aviation Capital, Apollo, and Brookfield have reached a definitive agreement to acquire Air Lease Corporation in a transformational all-cash transaction valued at approximately $28.2 billion including debt. Once the deal closes, Air Lease will be renamed Sumisho Air Lease Corporation, with its aircraft orderbook transferred to SMBC Aviation Capital, which will also act as the servicer for the portfolio.
Air Lease Corporation (ALC), a major U.S.-based aircraft leasing company, has canceled its outstanding order for seven Airbus A350F freighters, significantly altering the leasing landscape for Airbus’s next-generation cargo aircraft. The cancellation leaves AviLease, a Saudi Arabia-based leasing firm, as the sole lessor on Airbus’s A350F order book.
Air Lease Corporation (ALC) and several of its subsidiaries have successfully entered into settlement agreements with unnamed insurance providers, resulting in a total recovery of $112.4 million in cash proceeds. The settlements bring closure to a protracted claims process that had been ongoing, likely related to aircraft detained or affected by geopolitical or operational incidents.
EgyptAir has finalized a deal with AerCap (Ireland) to extend leases on five B777-300ERs by 18 months. These aircraft will remain in the fleet until the arrival of the first of ten A350-900s, which are not expected until late 2025. In parallel, the first of 18 B737-8s leased from Air Lease Corporation (US) is scheduled to arrive in early 2026.
Aircraft Leasing & Management (ALM), based in the United Kingdom, has confirmed the acquisition of an Airbus A220-300 by its parent company, Fuyo General Lease of Japan, from Air Lease Corporation (ALC) of the United States. The aircraft, bearing manufacturer serial number (MSN) 55168, remains under an existing operating lease with ITA Airways, the flag carrier of Italy.
Air Lease Corporation (ALC) and several of its subsidiaries have successfully negotiated settlement agreements with a number of insurers, resulting in a substantial cash inflow of $328.5 million. These settlements are a significant part of ALC’s efforts to recuperate losses stemming from its $791.0 million write-off related to its aircraft interests that were detained in Russia.
US-based Air Lease Corporation has appointed Grant Newman as its new Senior Vice President and Treasurer, effective March 17, 2025. Newman’s appointment is part of Air Lease’s strategic initiative to strengthen its financial management and executive leadership team.
Malaysia Airlines has expanded its fleet with the addition of a new Boeing 737-8, serial number 66368, powered by LEAP-1B27 engines. This aircraft, registered as 9M-MVA, marks a significant milestone in the airline’s fleet modernization efforts.
Air Lease Corporation (ALC), a leading aircraft leasing company based in the United States, has announced the establishment of its commercial paper program. The program enables ALC to issue Notes with an aggregate face or principal amount outstanding under the program capped at US$2.0 billion.
