Deutsche Bank, a major global financial institution based in Germany, is currently evaluating interest from various banks and private credit funds regarding the provision of a $200 million loan. This financing is intended to support the bid by Blackstone, a leading US-based investment firm, for the acquisition of Trans Maldivian Airways.
BOC Aviation (Singapore) has announced its 2024 financial results, reporting total revenues and other income of $2.6 billion, reflecting a 4% year-on-year increase. The company’s net profit after tax surged 20.9% to $924 million, demonstrating strong financial performance and leasing demand. Additionally, BOC Aviation maintained a robust liquidity position of $6.5 billion, reinforcing its financial stability and investment capacity.
Spirit Airlines (US) has secured $150 million in compensation from Pratt & Whitney, addressing financial losses stemming from GTF engine removals affecting its Airbus fleet. The airline anticipates further payments, as engine replacement and maintenance challenges are expected to continue through 2026 and beyond.
Air Transport Services Group (ATSG) has reported its 2024 financial results, posting total revenue of $2.0 billionand a net income of $27.4 million. The company also recorded $517 million in revenue for Q4 2024, with a quarterly net income of $14.7 million. The results highlight ATSG’s stable financial position in the air cargo and leasing industry.
AFG Aviation Ireland Limited (AFG) has announced the appointment of Imtiaz Khot as Senior Vice President – Commercial. Khot brings extensive experience in airline marketing, aircraft transactions, and structured leasing agreements, following a distinguished career spanning over two decades in the aviation industry.
Parata Air (South Korea) has commenced its repayment process to Yangyang County, issuing an initial $68,700 payment as part of a $1.3 million financial support settlement. The repayment is part of a court-approved rehabilitation plan following the financial restructuring of Fly Gangwon.
BOC Aviation, a leading Singapore-based global aircraft leasing company, has announced the appointment of Wen Lanas its new Chief Financial Officer (CFO), effective March 1, 2025. She succeeds Wu Jianguang, who is retiring after a tenure overseeing the company’s financial operations.
Allan Goh Hwan Hua, co-founder of MYAirline (Malaysia), and several related entities have been hit with a lawsuit from 206 investors, alleging a combined financial loss of $15.1 million. The case adds to the growing scrutiny surrounding MYAirline’s business dealings and financial stability.
Azul (Brazil) reported strong revenue growth in the fourth quarter of 2024, with total operating revenue increasing 10.2% to $966 million. However, the airline faced significant financial challenges, posting a net loss of $689.2 million in the quarter.
SIA Group (Singapore) has delivered a strong financial performance in Q3 FY2024/25, reporting a net profit of $1.2 billion, marking a 146.7% increase compared to the previous year. The group’s total revenue also grew significantly, up 27% to $3.8 billion, reflecting strong passenger demand and improved operational efficiencies.
