Ascend Airways, a UK-based carrier, has taken delivery of a Boeing 737-8, bearing serial number 43001, marking a new addition to its narrowbody fleet. The aircraft has been acquired on lease and is powered by LEAP-1B27 engines, which are part of the advanced CFM International LEAP family.
Investec Aviation, a UK-based aviation finance specialist, has successfully completed a senior debt facility on behalf of Barings, a global investment management firm headquartered in the United States. The financing is tied to a portfolio of 12 end-of-life narrowbody aircraft, all of which are leased to multiple airline operators worldwide.
Avolon Holdings, a leading Irish aircraft leasing company, has had its credit outlook revised from stable to positive by S&P Global Ratings. The change applies to both the company’s issuer credit rating and its senior unsecured debt rating, which remain at BBB- but now carry a more optimistic future projection.
AirAsia X reported a net profit of $11.8 million for the first quarter of 2025, supported by a modest 3% increase in revenue to $222.3 million. The Malaysia-based long-haul low-cost carrier continues its post-pandemic recovery and has made key progress toward restoring full operations.
CDB Aviation Lease Finance, through its CDBL FUNDING 1 subsidiary, has successfully completed a dual-tranche offering of senior unsecured notes totaling $700 million. The transaction, finalized on 20 May 2025, is part of the company’s broader $3.0 billion Medium-Term Note (MTN) Program, which enables it to flexibly access capital markets and support ongoing fleet growth and lease portfolio expansion.
CDB Aviation, through its wholly owned Irish subsidiary CDBL FUNDING 1, has successfully priced a $700 million dual-tranche offering of senior unsecured notes under its $3.0 billion Medium Term Note (MTN) Program. The issuance, completed on May 20, 2025, marks CDB Aviation’s return to the international bond market after a four-year absence and supports its long-term funding diversification strategy.
Nok Air, a Thai low-cost carrier, is preparing to raise $221 million in new capital as part of its recovery strategy aimed at exiting its rehabilitation plan within the next three years. The capital increase will serve multiple operational and strategic needs, including purchasing engines, repairing existing aircraft, leasing new aircraft, enhancing passenger services, and funding working capital.
Jambojet, a regional low-cost airline based in Kenya, has obtained a $13.4 million loan from NCBA Group for the financial year ending December 2024. The funding is part of a strategic move to restructure aircraft leases and cover engine maintenance costs, reflecting the airline’s ongoing focus on operational stability and fleet reliability.
Abelo, the Irish aircraft leasing company, has undergone a change in ownership as an affiliate of Cerberus Capital Management has acquired the business from funds managed by Oaktree Capital Management. The transaction signifies a strategic realignment in Abelo’s financial backing, potentially signaling new directions or growth plans under Cerberus’s stewardship.
Aquila Air Capital, a U.S.-based aviation asset manager, has announced the appointment of Gary Lew as its new Chief Financial Officer (CFO). The move comes as the company continues to expand its aircraft leasing and trading operations amid sustained demand for efficient mid-life aircraft solutions.
