Cusco Aviation, a U.S.-based aviation services firm, has completed a dual transaction involving the sale and subsequent lease of an RB211-535 engine within the European region. This activity further demonstrates the company’s growing role in asset management and aftermarket support, particularly in sourcing, monetizing, and redeploying mature engine platforms.
Cargojet (Canada) has announced its intent to secure federal funding for the development of a new aircraft Maintenance, Repair, and Overhaul (MRO) facility in Ontario. The facility is designed to support Cargojet’s fleet of 41 Boeing 757 and 767 freighters, while also providing services to other airlines and operators.
FlyKhiva, an emerging airline based in Uzbekistan, is preparing to commence domestic operations from Tashkent to five major Uzbek cities in December 2024. To support this expansion, the carrier has secured two Boeing 757 aircraft on lease from Icelandair. These B757s will enable FlyKhiva to cover regional routes effectively, offering passengers enhanced connectivity within Uzbekistan. This move signals FlyKhiva’s intent to establish…
Jet2, the UK-based airline, has started retiring its Boeing 757 fleet as it receives new Airbus A321neo aircraft. This transition marks a significant fleet modernization for Jet2, with the remaining six B757s expected to be completely phased out by early January 2025. The introduction of the A321neo brings operational advantages such as increased fuel efficiency and lower emissions, aligning with the airline’s…
