Argentina’s Civil Aviation Authority (CAA) has initiated the auction of three ex-Austral MD80 aircraft currently in storage. The aircraft include two MD83s, with serial numbers 53117 and 49906, and one MD88, serial 53049. The combined value of the auction is estimated at US$45 million.
Dubai Aerospace Enterprise (DAE), a leading global aircraft leasing company based in the UAE, has announced the signing of a definitive agreement to acquire 100% of Nordic Aviation Capital (NAC), an Ireland-based lessor specializing in regional aircraft. This acquisition marks a significant expansion of DAE’s portfolio and strengthens its position in the global aviation leasing market.
GA Telesis (US) has officially inaugurated its new Latin America & Caribbean headquarters, located in San Salvador, El Salvador. This strategic expansion signifies GA Telesis’ commitment to strengthening its presence in the region and underscores the growing importance of Latin America and the Caribbean in the global aviation market.
The European Commission has granted approval under the EU Merger Regulation for easyJet (UK), IAG (UK), and Air France-KLM as suitable remedy takers. This decision comes as part of the commitments made by Lufthansa (Germany) and the Italian Ministry of Economy and Finance (MEF) to secure joint control over ITA Airways (Italy).
China Southern Airlines has issued a Request for Proposals (RFP) to qualified purchasers for the sale of 10 owned Boeing 787-8 aircraft and two GEnx-1B70/P2 spare engines. The aircraft and engines are scheduled for delivery to successful bidders during 2025 and 2026. The deadline for submitting bids is November 25, 2024.
EVA Air, Taiwan’s prominent international carrier, has released its October 2024 traffic results, showcasing a mixed performance. Passenger numbers rose by 2.6% year-over-year to 1.0 million, reflecting steady demand. However, the airline reported a 3.7% decline in revenue passenger kilometers (RPKs), signaling reduced distance traveled by paying customers.
Copa Holdings, the parent company of Copa Airlines based in Panama, reported a 22.1% decline in net profit for the third quarter of 2024, amounting to $146 million. The results reflect a 1.5% decrease in operating revenue, which totaled $854.7 million for the quarter. Despite the downturn, Copa Holdings maintains a strong financial position with $1.3 billion in cash, short-term, and long-term…
Air Astana, Kazakhstan’s national airline, has announced the buyback of 4.1 million shares and Global Depositary Receipts (GDRs) in November 2024. The transaction, valued at $11.9 million, is part of the airline’s ongoing strategy to manage its financial structure and enhance shareholder value.
Airbus has released its latest market forecast, predicting that the Asia-Pacific region, including the Indian subcontinent, will require approximately 19,500 new aircraft over the next 20 years. This demand represents 46% of global aircraft requirements, highlighting the region’s critical role in shaping the future of global aviation. The projection underscores Asia-Pacific’s position as the fastest-growing aviation market, driven by economic expansion, urbanization,…
Italy’s Treasury has temporarily suspended the sale of a 41% stake in ITA Airways to Lufthansa due to a price disagreement between the two parties. The deal, originally announced in May 2023, stipulated that Lufthansa would acquire the stake for €325 million, marking a strategic move to strengthen its position in Southern Europe. However, Lufthansa…
