IAT Leasing, an Ireland-based leasing platform, has completed the acquisition of a portfolio of nine narrowbody aircraft from US-based Zephyrus Aviation Capital. These aircraft are currently on lease to eight different airlines, indicating a globally diversified portfolio with active cash flow generation potential.
Luxair, the national airline of Luxembourg, reported a net group profit of $153 million for 2024, demonstrating strong operational performance in a competitive regional aviation landscape. The year’s overall revenue slightly declined to $801 million, yet the airline maintained profitability through careful cost control and stable passenger demand.
PK AirFinance, a Luxembourg-based aviation finance firm, has announced the completion of its first asset-backed securitization (ABS) transaction of 2025. Operating under the designation PK ALIFT LOAN FUNDING 6 Series 2025-1, the securitization involved the issuance of approximately $729 million in debt instruments tied to a portfolio of aviation loan assets.
Cargolux, the Luxembourg-based all-cargo airline, reported a strong financial performance for 2024, with revenues climbing 12.9% year-on-year to $3.3 billion. More notably, the airline achieved a 56.6% increase in net profit, reaching $448 million, underscoring the carrier’s successful adaptation to a post-pandemic global cargo market.
Luxair (Luxembourg) has successfully concluded negotiations with unions, finalizing an agreement for the renewal of the collective agreement. This agreement marks a significant milestone for the airline and its workforce, ensuring improved working conditions and financial commitments.
Luxair, the flag carrier of Luxembourg, faces a pivotal moment as trade unions and management failed to reach an agreement regarding the cutbacks affecting crews during the pandemic. The ongoing dispute now heads to conciliation, seen as the only remaining option to resolve the matter.
Luxair, the national carrier of Luxembourg, has signed a firm order with Embraer for two additional E195-E2 jets, bringing its total order to six aircraft. Luxair’s first E195-E2, part of its 2023 order, is scheduled for delivery in early 2026, while the new order secures additional delivery slots in 2027. The airline also retains three purchase rights for future expansions.
