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.
LuminArx Capital Management, a U.S.-based investment firm focused on aviation assets, has revealed its intention to expand its aircraft portfolio from 16 to 50 aircraft in the near term. The firm is also preparing to enter the pre-delivery payment (PDP) financing space, along with establishing lending vehicles for other lessors, signaling a more comprehensive strategy in aircraft finance.
Vietnam Airlines has entered a significant financial partnership with Vietcombank through a newly signed memorandum of understanding (MoU) focused on capital arrangement for the acquisition of 50 narrowbody aircraft. The agreement lays the foundation for structured financing of the airline’s fleet renewal and expansion from 2026 to 2032.
Jackson Square Aviation (JSA), a leading aircraft leasing company based in the United States, has announced a highly active 2024, during which it acquired 42 aircraft, signed 60 lease agreements, and raised over $215 million in Pre-Delivery Payment (PDP) facilities to support airline clients.
Phoenix Aviation Capital (Ireland) and AIP Capital (US) have announced the closing of a Pre-Delivery Payment (PDP) financing facility to support Phoenix’s order of 30 Boeing 737-8 aircraft. The facility will provide up to US$300 million in total commitments and will be used to fund required down payments prior to aircraft delivery.
