Allegiant Air, the ultra-low-cost carrier based in the United States, has amended its 2021 agreement with Boeing for the acquisition of 50 new B737 MAX aircraft. Under the revised terms, fewer deliveries will occur in 2024 and 2025, with the adjusted timeline scheduling the completion of all deliveries by the end of 2027.
Avation, a Singapore-based aircraft leasing company, has entered into a term sheet agreement with a major international bank for a $85 million portfolio financing facility. This facility will be utilized primarily for the refinancing of existing aircraft within Avation’s fleet and for the acquisition of additional aircraft, subject to specific conditions.
IAT Leasing, an Ireland-based leasing company, has announced the acquisition of a 2013 Airbus A330-300, serial number 789, from Castlelake, a U.S. private investment firm. The aircraft is currently leased to Aer Lingus, a leading Irish carrier, and was acquired on behalf of a U.S. investor partner.
Genesis, an Ireland-based aircraft leasing company, has completed a transaction with BOC Aviation of Singapore, acquiring three of the most sought-after narrowbody aircraft in the aviation market. This acquisition includes a Boeing 737-8 currently on lease to TUI in Germany, an Airbus A320 with Volaris in Mexico, and an Airbus A320neo leased to TAP Air Portugal. These aircraft are among the most liquid models in the narrowbody segment, reflecting Genesis’s…
Crestone Air Partners, a U.S.-based aviation investment firm, has announced the acquisition of a Boeing 737-800, currently on lease with MIAT Mongolian Airlines. The aircraft, obtained from a securitization managed by Castlelake, underscores Crestone’s strategy to invest in high-demand aircraft assets that support regional and international airlines.
