Jeju Air, a leading South Korean low-cost carrier, has secured approximately US$95 million in cash to strengthen its financial position. This move follows a significant drop in reservations after a recent Boeing 737-800 crash involving another airline, which has raised safety concerns among travelers.
Jeju Air (South Korea) is bracing for increased financial challenges following the crash of one of its B737-800 aircraft. The incident has placed additional strain on the airline’s cash flow, already burdened by advance payments for airline tickets, which currently stand at approximately US$176.8 million.
LOT Polish Airlines has strengthened its operational flexibility by wet leasing a Boeing 737-800, serial 36529, from HelloJets of Romania. The lease agreement, spanning several months, is aimed at supporting LOT’s routes, including flights to Tel Aviv, a key destination in its network.
Garuda Indonesia, the national airline of Indonesia, has expanded its fleet with the addition of a Boeing B737-800. The aircraft, bearing serial number 30142, is leased and powered by CFM56-7B26 engines. This new addition is expected to bolster Garuda’s operational capacity, particularly on short and medium-haul routes.
Corendon Europe (Malta) has wet leased a B737-800, serial 42799 9H-CXB, to Red Sea Airlines (Egypt), marking a strategic partnership that enhances flight connectivity between Sharm el Sheikh and various destinations in Italy.
Windrose Airlines, a Ukrainian carrier, has officially retired its only Boeing 737-800, identified by serial 38120. This decision marks a strategic adjustment to the airline’s fleet composition as it focuses on operational priorities.
Air India Express, a prominent low-cost carrier in India, has announced the launch of a new Mangalore–Singapore service, scheduled to begin on 21 January 2025. The route will be operated using a Boeing 737-800, a reliable and efficient narrow-body aircraft ideal for short to medium-haul routes.
Sunwing Airlines, a Canadian leisure carrier, has taken delivery of a Boeing 737-800, identified by serial number 38025, on wet lease from Smartwings (Czechia). The aircraft is powered by CFM56-7B26E engines, a highly reliable and efficient propulsion system widely used in the Boeing 737 family.
GOL, a leading Brazilian airline, has filed as a debtor seeking court approval to amend and extend the lease agreement for a Boeing 737-800, identified by serial number 36925. The lease, originally with Eos Aviation 4 (Ireland) as the lessor and managed by Merx Aviation Servicing (Ireland), is undergoing changes to better align with GOL’s operational and financial strategies.
AerCap Holdings (Ireland) has announced lease agreements for two Boeing B737-800 aircraft, further solidifying its presence in the aviation leasing market. The leased aircraft will be operated by Mukamalah Aviation Company (Saudi Arabia) under the brand name Aloula Aviation.
