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Fuyo Acquires A220-300 From Air Lease For ITA Lease

Aircraft Leasing & Management (ALM), based in the United Kingdom, has confirmed the acquisition of an Airbus A220-300 by its parent company, Fuyo General Lease of Japan, from Air Lease Corporation (ALC) of the United States. The aircraft, bearing manufacturer serial number (MSN) 55168, remains under an existing operating lease with ITA Airways, the flag carrier of Italy.

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ITA Airways Reports $3.5B Revenue But Ends 2024 In Loss

ITA Airways, Italy’s flag carrier, reported revenues of $3.5 billion for the full year 2024, representing a 26% increasecompared to the previous year, driven by expanded route offerings and improved passenger volumes. Despite this revenue growth, the airline recorded a net loss of $256.6 million, highlighting continued operational challenges and restructuring costs.

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ITA Airways Takes Delivery Of A320neo, Serial 12253

ITA Airways, Italy’s national airline, has received another addition to its narrowbody fleet with the delivery of an Airbus A320neo, bearing serial number 12253. The aircraft is powered by CFM LEAP-1A engines, a key feature of the A320neo family known for efficiency and environmental performance.

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ITA Airways Appoints New Board of Directors and Leadership

ITA Airways, Italy’s flagship carrier, has announced a significant restructuring of its leadership team with the appointment of a new Board of Directors. The five-member board includes Antonella Ballone, Joerg Eberhart, Lorenza Maggio, Sandro Pappalardo, and Efrem Angelo Valeriani. Alongside the new board, ITA Airways has also introduced a Board of Statutory Auditors to enhance governance and oversight.

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Lufthansa to Take Stake in ITA Airways

Lufthansa Group (Germany) is poised to finalize a major deal to acquire a stake in ITA Airways (Italy) on January 13, 2025, marking the culmination of years of negotiations. This strategic investment is expected to strengthen Lufthansa’s position in the European aviation market and provide ITA Airways with a stable partner to support its growth and modernization efforts.