GE Aerospace is projecting a significant increase in narrowbody engine deliveries for 2025, anticipating a growth rate of 15% to 20% year-on-year. CEO Larry Culp announced that the company is seeing tangible improvements in its supply chain, which have been a persistent bottleneck in recent years.
SMBC Aviation Capital, headquartered in Ireland, has released its fiscal year 2024 results for the period ending 31 March 2025, posting a 22% year-on-year increase in pre-tax profit to $563 million, excluding exceptional items. The lessor also confirmed $2 billion in core lease rental income and $1.41 billion in total recoveries related to Russian insurance settlements.
Air Europa, the Spanish carrier, is preparing to settle its outstanding loan of $157 million this week, originally granted by the Instituto de Crédito Oficial (ICO) in May 2020. The loan had been extended as part of the Spanish government’s support package to help businesses during the COVID-19 pandemic, with Air Europa being one of the primary beneficiaries within the…
Bonza (Australia) has received a key legal closure following the announcement that former directors of the airline will not face any action from the country’s securities regulators in relation to its recent collapse. The decision brings some finality to one of the most high-profile startup airline failures in recent Australian aviation history.
BOC Aviation (Singapore) has released its operational update for the first quarter of 2025, reporting a total of 158 transactions. These include commitments to purchase 125 aircraft, the delivery of 11 aircraft, the sale of four owned aircraft and one engine, and 16 new lease commitments. The report reflects a strong start to the year and reaffirms BOC Aviation’s active presence…
Boeing has reported the delivery of 130 aircraft during the first quarter of 2025, reaffirming the manufacturer’s gradual recovery in production and delivery volumes. The latest figures include 105 Boeing 737s, the company’s best-selling narrowbody model, and 13 Boeing 787 Dreamliners, reflecting steady widebody demand.
United Airlines has announced plans to retire 21 aircraft earlier than scheduled in early 2025 as part of a broader cost-saving strategy. This decision follows internal projections of lower-than-anticipated Q1 profitability, prompting the airline to optimize its operations and preserve cash. While specific aircraft types have not been disclosed, the move is expected to be cash-positive in the current fiscal year.
In a strategic move to enhance its fleet’s efficiency and performance, ANA Holdings, the parent company of All Nippon Airways (ANA) and Peach Aviation, has announced an order exceeding 75 LEAP engines from CFM International. This order encompasses both installed engines and spares, reflecting ANA’s commitment to modernizing its aircraft fleet.
flydubai, the Dubai-based low-cost carrier, is actively pursuing a substantial fleet expansion plan. The airline is in talks to purchase 200 narrowbody jets, accompanied by options for an additional 100 aircraft. This move aims to support its growth strategy and modernize its existing fleet.
Akasa Air is securing additional funding from a group of high-profile investors, including the investment offices of Azim Premji and Ranjan Pai, along with wealth management firm 360 ONE and the Jhunjhunwala family. The financial terms of these investments have not been publicly disclosed.
