Avation, the Singapore-based leasing company, has successfully completed the repurchase of 7.8 million shares through the market. This accounts for 10.45% of the company’s 74.6 million ordinary shares in issue. The repurchased shares will be held in treasury, reflecting the company’s strategic approach to managing its equity structure.
Jeju Air, a leading low-cost carrier from South Korea, has filed plans to launch nonstop flights between Seoul Incheon and Singapore, starting 30 March 2025. The route will be operated using a Boeing 737-800, catering to the rising demand for direct connectivity between the two cities.
Air India Express, a prominent low-cost carrier in India, has announced the launch of a new Mangalore–Singapore service, scheduled to begin on 21 January 2025. The route will be operated using a Boeing 737-800, a reliable and efficient narrow-body aircraft ideal for short to medium-haul routes.
AirSial (Pakistan) is enhancing its operations with the acquisition of additional aircraft to meet its growing demand. The airline has signed an agreement to lease two Airbus A320s from AerCap (Ireland), which will increase the carrier’s fleet to nine aircraft upon delivery. These additions are part of AirSial’s strategy to strengthen its capacity and network.
Loong Air (China) is set to launch a new service connecting Wenzhou and Singapore on 24 December 2024. The route will be operated using an Airbus A320, marking a significant addition to the airline’s international network.
Avation, a Singapore-based aircraft leasing company, has entered into a term sheet agreement with a major international bank for a $85 million portfolio financing facility. This facility will be utilized primarily for the refinancing of existing aircraft within Avation’s fleet and for the acquisition of additional aircraft, subject to specific conditions.
Oman Air has announced plans to resume its Muscat-Singapore service in September 2025, operating the route with its modern Boeing 787-9 Dreamliner aircraft. This development marks a significant step in reconnecting Oman with Southeast Asia, highlighting the airline’s focus on expanding its international network.
AV AirFinance, a global commercial aviation loan servicer headquartered in Dublin, Ireland, has announced the appointment of Jonathan O’Dowd as Senior Vice President of Investments. Based in Singapore, O’Dowd will oversee global credit underwriting and manage strategic airline relationships, contributing to the company’s expansion in the Asia-Pacific region.
BOC Aviation, headquartered in Singapore, has announced the placement of six Airbus A321neo aircraft with Turkish Airlines. All six aircraft will be delivered in 2027 as part of BOC Aviation’s order book, marking a significant addition to Turkish Airlines’ fleet expansion plans. This agreement underscores the commitment of both companies to bolster their respective positions in the global aviation market.
Scoot, the low-cost subsidiary of Singapore Airlines, is set to expand its network with new routes from Singapore to Padang (Indonesia), Phu Quoc (Vietnam), and Shantou (China) starting in December 2024 and January 2025. This expansion reflects Scoot’s commitment to meeting the growing demand for travel in the region and offering more direct flight options to popular leisure destinations in Asia. The new routes cater to…
