Spectre Cargo Solutions (US), through its Irish affiliates, has accused SpiceJet (India) of removing engines from leased Boeing 737 freighters (B737Fs) in what it claims is a breach of lease agreements. The allegations add to the ongoing challenges faced by SpiceJet regarding its leased aircraft management and operational practices.
Willis Lease Finance, a leading aircraft leasing and engine solutions provider based in the United States, has announced the appointment of Stephen Jones to its Board of Directors, effective 01 January 2025.
Spirit Airlines, a prominent low-cost carrier in the United States, has received approval from the US Bankruptcy Courtto complete the sale of 23 Airbus aircraft, comprising A320 and A321 models, to GA Telesis (GAT), a leading aviation solutions company. This transaction marks a significant development in Spirit Airlines’ restructuring efforts.
BBAM, a leading aircraft leasing company based in the United States, has leased a Boeing 737-800BCF (Boeing Converted Freighter), identified by serial 30696, to GOL (Brazil). This freighter will be used by GOL to support logistics operations for Mercado Libre, one of Brazil’s largest e-commerce platforms.
Aircastle, a US-based aircraft leasing company, has delivered the second of five planned A321neo aircraft to IndiGo, India’s largest airline by market share. The aircraft, identified as serial 12329, is powered by LEAP-1A32 engines, known for their efficiency and environmental benefits.
Aeroitalia, the Italian airline, has announced plans to wet lease an Embraer E175 from Marathon Airlines (France). The aircraft will be utilized for domestic routes in Italy, with operations scheduled between 30 March and 25 October 2025. This partnership enhances Aeroitalia’s fleet capabilities during a high-demand period, ensuring reliable service across its network.
Dubai Aerospace Enterprise (DAE), based in the UAE, has announced cash proceeds of approximately US$201 millionfrom settlements with selected insurance companies. The settlements relate to aircraft previously leased to airline carriers in Russia.
Avation, the Singapore-based leasing company, has successfully completed the repurchase of 7.8 million shares through the market. This accounts for 10.45% of the company’s 74.6 million ordinary shares in issue. The repurchased shares will be held in treasury, reflecting the company’s strategic approach to managing its equity structure.
Air Austral, the airline based in Reunion, has announced plans to operate a leased Hi-Fly Malta Airbus A330-200 on its Dzaoudzi – Nairobi – Paris Charles de Gaulle – Dzaoudzi route. The aircraft will be deployed during the peak travel period between 14 December 2024 and 23 January 2025 to accommodate increased passenger demand.
Itasca MGA, a UK-based insurance provider, has structured a comprehensive aircraft non-payment credit insurance policy for JLPS Ireland. The policy covers three Airbus A321neos, built in 2023, which are leased to an ultra-low-cost carrier (ULCC). The financing for these aircraft was provided by the Commonwealth Bank of Australia’s Tokyo branch.
