Aeroflot Group (Russia) has announced that it expects to complete insurance settlements with foreign lessors covering 36 aircraft in its fleet. According to CEO Sergei Aleksandrovsky, all commercial terms of these settlements have already been finalized, paving the way for a resolution to long-standing issues stemming from the grounding of foreign-leased aircraft in Russia.
HelloFly (Malta) has secured an ATR72 aircraft from Aeroitalia Regional (Romania) to maintain operations on its routes following the abrupt suspension of all scheduled flights by Universal Air (Malta). The acquisition of this aircraft allows HelloFly to continue providing essential regional connectivity while ensuring minimal disruption for passengers.
Spirit Airlines (US) has reported a net profit of $83.1 million for the first quarter of 2025, with total revenue reaching $1 billion. The airline ended the period with $758.1 million in cash and cash equivalents, reflecting a stable liquidity position.
Aircastle (US) and its subsidiary, Aircastle Ireland, have had their Long-Term Issuer Default Ratings (IDR) affirmed by Fitch Ratings at ‘BBB+’. The outlook for these ratings remains Stable, indicating a steady financial position and outlook for the leasing group.
Azorra (US) has announced that its corporate rating outlook has been revised from stable to positive by Fitch Ratings(US). Fitch Ratings has affirmed Azorra‘s Long-Term Issuer Default Rating (IDR) at ‘BB-’, reflecting the company’s improving business prospects and financial position.
Avolon Holdings (Ireland) has announced the early results of its previously launched debt tender offer, with the offer being upsized by 50% to US$1.2 billion. The decision to increase the tender offer reflects robust investor interest and the strong demand for Avolon’s debt instruments.
ACIA Aero Leasing, based in Ireland, has announced the successful extension and expansion of its syndicated credit facility. The facility is led by Investec Bank (UK) and includes both term loan and revolving credit tranches, along with a newly added subordinated term loan tranche.
Abelo, an Ireland-based aircraft leasing company, has closed a new warehouse financing facility of up to US$750 million. The facility was underwritten by Deutsche Bank and arranged with Deutsche Bank acting as Sole Structuring Agent, while both Deutsche Bank and MUFG (Japan) served as Joint Lead Arrangers.
Heston Airlines (Lithuania) has confirmed that it will resume wet lease operations for Norwegian during the upcoming summer season, with bases in Copenhagen and Palma de Mallorca. This arrangement strengthens the collaborative relationship between the two airlines and supports Norwegian’s summer operations.
Aviation Capital Group (ACG) has announced the delivery of one A321neo to Wizz Air (Hungary), marking the fourth aircraft provided to the carrier under a comprehensive multiple-aircraft sale/leaseback agreement. This transaction underscores the robust partnership between ACG and Wizz Air and highlights the growing demand for next-generation aircraft in Europe’s low-cost carrier market.
