WestJet, one of Canada’s leading airlines, has formally issued a request for proposals (RFP) for the operating lease and pre-delivery payment (PDP) financing of 46 Boeing 737 MAX aircraft. The RFP reflects WestJet’s aggressive forward-looking fleet expansion and renewal strategy as it seeks to modernize its narrowbody aircraft offering.
Kenn Borek Air, the Canadian carrier renowned for its polar and remote operations, has expanded its fleet with the delivery of a De Havilland Canada DHC6-300 Twin Otter, identified by manufacturer serial number 735. The aircraft is equipped with Pratt & Whitney PT6A-27 engines, a dependable powerplant ideal for rugged and off-strip environments.
Air Canada and ITA Airways, Italy’s national carrier, have officially launched a codeshare agreement designed to significantly expand travel options between North America and Europe. The partnership enables passengers of both airlines to access over 30 new one-stop itineraries, enhancing connectivity between Canadian cities and various Italian and European destinations.
Lufthansa Technik, a global leader in aircraft maintenance and engineering services, and Air Canada have further strengthened their partnership by extending multiple exclusive maintenance agreements. The renewed contracts cover engine maintenance services for the CFM56-5B, and Total Component Support (TCS) for Boeing 777 and Boeing 737 MAX aircraft.
WestJet, Canada’s second-largest carrier, has received a Boeing 737-800, serial number 41353, on lease, further expanding its narrowbody fleet. The aircraft is powered by CFM56-7BE engines, produced by CFM International, and is expected to support domestic and transborder operations.
Graysky Aviation Capital, a U.S.-based aircraft lessor, has expanded its portfolio through the acquisition of eight Boeing 737-800 aircraft formerly operated by WestJet of Canada. The deal was executed in cooperation with LuminArx Capital Management, a U.S.-based investment firm.
Porter Airlines, a Canadian carrier known for its premium economy model on regional routes, has added two new Embraer E195-E2 jets to its growing fleet. The aircraft, bearing serial numbers 19020182 and 19020187, are both equipped with Pratt & Whitney PW1921G geared turbofan engines.
Flair Airlines, a Canadian ultra-low-cost carrier, is facing a $30.9 million countersuit in Ontario from four Irish lessors— Columbia Lights Aviation, Corvus Lights Aviation, Mam Aircraft Leasing, and Airborne Capital. The legal action stems from alleged financial damages tied to lease terminations and the repossession of four Boeing 737 MAXaircraft.
Exchange Income Corporation (EIC) has finalized the acquisition of Bradley Air Services, the parent company of Canadian North, for US$150 million. This strategic acquisition strengthens EIC’s presence in the regional airline and essential air services market in Northern Canada. The transaction was predominantly financed through the corporation’s existing credit facility, indicating strong financial backing and confidence from lending institutions…
Cargojet, a leading Canadian provider of time-sensitive air cargo services, has successfully completed the issuance of US$183 million in senior unsecured notes. The offering, announced earlier, was closed at a fixed interest rate of 4.599%, with a maturity date set for 2030. These notes are not backed by specific assets, indicating investor confidence in the company’s long-term creditworthiness.
