Avolon Reports 79% Increase in Net Income for 2024
Avolon, a leading global aircraft lessor, has reported strong financial results for 2024, highlighting significant growth in revenue and profitability.
Dubai Aerospace Enterprise Reports Strong 2024 Financial Performance
Dubai Aerospace Enterprise (DAE) has reported its full-year 2024 financial results, showing solid revenue growth and increased profitability. The company posted total revenue of $1.42 billion, while profit before tax reached $532.3 million, demonstrating strong financial resilience. As of December 31, 2024, DAE’s available liquidity stood at $3.78 billion, reinforcing its financial stability and investment capacity.
Airlines | Boeing | CFM International | Delivery | Flag Carrier | Fleet
Aeromexico Expands Fleet with New Boeing 737-9 Delivery
Aeromexico has strengthened its fleet with the addition of a Boeing 737-9, serial 66372, which has been acquired on lease and is powered by LEAP-1B28 engines. This latest addition aligns with the airline’s commitment to modernizing its narrowbody operations with next-generation aircraft designed for improved fuel efficiency and lower operational costs.
Airlines | Boeing | CFM International | Fleet
Somon Air Partners With DAE Capital To Acquire Two Boeing 737-8 Aircraft
Somon Air, Tajikistan’s leading airline, has entered into an agreement with DAE Capital, a prominent leasing company based in the United Arab Emirates, to acquire two new Boeing 737-8 aircraft. These aircraft are slated for delivery in 2026, marking a significant step in Somon Air’s fleet modernization and expansion strategy.
FlyCAA Becomes First African Operator of A321-200PCF
FlyCAA (Congo) is set to become the first African airline to operate an A321-200PCF, as serial 808 is scheduled for delivery soon. The aircraft is being leased from Cargo Aircraft Management (US), marking a significant milestone in the African cargo aviation sector.
Camair-Co Adds Wet-Leased Boeing 737-700 from Smartwings
Camair-Co (Cameroon) has strengthened its fleet by adding a Boeing 737-700, serial 29346, on wet lease from Smartwings (Czechia). This aircraft will help the airline enhance operational flexibility and meet growing demand across its network.
Fitch Assigns Ratings to AASET 2025-1 Aircraft-Backed Notes
Fitch Ratings (US) has assigned A-1 Notes ‘Asf (EXP)’ and B-1 Notes ‘A-sf (EXP)’ ratings to AASET 2025-1, a securitization backed by lease payments and disposition proceeds from a pool of 23 passenger aircraft. These aircraft are operated by third-party lessees, ensuring diversified exposure across multiple carriers.
Azul Completes Debt Restructuring and $525M Notes Offering
Azul (Brazil) has successfully completed the restructuring of its financial obligations, reaching agreements with bondholders, lessors, and OEMs. The carrier also closed its $525 million Floating Rate Superpriority Notes offering, due 2030, significantly improving its financial stability.
Aircastle Prices $500M Senior Notes Due 2030
Aircastle (Ireland) has successfully priced $500 million in 5.250% Senior Notes due 2030, issued at 99.171%. This move strengthens the aircraft lessor’s financial position and provides long-term capital for its global leasing operations.
LXA Leasing Signs APU Agreement with Amelia
LXA Leasing, a leading Irish leasing company, has entered into a five-year General Terms Agreement (GTA) with Amelia, a French regional airline. The agreement covers Auxiliary Power Units (APUs) for Amelia’s A320 fleet, strengthening the partnership between the two entities and supporting Amelia’s operational reliability.