Ilyushin Finance Co. (IFC), a prominent aircraft leasing company in Russia, has officially transitioned under the control of Avia Capital Services, another leasing entity managed by Rostec, the Russian state corporation. This strategic move consolidates Rostec’s influence in the aviation leasing market, streamlining operations within its ecosystem.
EgyptAir is making significant strides in its fleet modernization strategy, as it approaches the final stages of firming up A350 options with Airbus. Additionally, the airline is preparing to issue a Request for Proposal (RFP) for approximately 20 leased narrowbody and widebody aircraft to further enhance its operational capabilities.
Phoenix Aviation Capital (Ireland) has announced the successful closing of a $240 million term loan facility, marking a significant milestone in its expansion strategy. The funds will be used to finance the acquisition of six next-generation aircraft, all of which are on long-term leases with five airlines operating across the globe.
GOL Linhas Aéreas Inteligentes (Brazil) has entered into two sale-leaseback agreements with SKY Aero Management (Ireland) for three Boeing 737 MAX 8 aircraft. This strategic move is part of GOL’s fleet optimization and financing strategy, leveraging sale-leaseback arrangements to maintain operational flexibility and liquidity.
Aircastle (US) has completed the delivery of its first Boeing 737-9 MAX to United Airlines (US), marking the start of a series of six planned deliveries in 2024 and 2025. This aircraft is the first of the new MAX 9s that will join United’s growing fleet as part of its ongoing modernization and expansion efforts.
Chorus Aviation (Canada) has finalized the sale of its Regional Aircraft Leasing segment, including Falko (UK), to HPS Investment Partners (US). The transaction represents a significant strategic shift for Chorus as it focuses on its core operations and streamlines its corporate structure.
Berniq Airways, based in Libya, is expanding its fleet with the addition of its first Airbus A330-200, bearing serial number 926. This aircraft, to be leased, marks a strategic move by the airline to strengthen its capabilities in the cargo sector.
Avolon Holdings Limited, a leading global aviation finance company, has announced the pricing of a $1.5 billion private offering by its wholly owned subsidiary, Avolon Holdings Funding Limited. The offering consists of two tranches: $850 million of 4.95% senior unsecured notes due in 2028, and $650 million of 5.15% senior unsecured notes due in 2030.
In October 2024, Air New Zealand reported a 2.1% reduction in capacity compared to the same period in 2023. This decline is attributed to significant engine maintenance challenges, including delays affecting Pratt & Whitney PW1100G-JM engines and Rolls-Royce Trent 1000 engines.
KGAL Group (Germany) has finalized a lease agreement with Porter Airlines (Canada) for three Bombardier Q400 aircraft. The transaction was conducted via KGAL’s subsidiary, GOAL, and the aircraft are part of the KGAL APF 5 fund.
