Avation PLC, a commercial passenger aircraft leasing company based in Singapore, has successfully completed the acquisition of an Airbus A320 aircraft. This aircraft, built in 2013, is on a long-term lease to Etihad Airways, the national airline of the UAE, with the lease agreement extending until October 2031.
Dubai Aerospace Enterprise (DAE), based in the UAE, has successfully delivered the sixth and final Boeing B737 MAX family aircraft to Aeromexico. This delivery marks the completion of DAE’s current mandate with the airline, which included three B737-8 and three B737-9 aircraft.
Etihad Airways and Ethiopian Airlines have officially established a joint venture partnership, which encompasses a comprehensive codeshare agreement and the launch of new direct flights connecting Abu Dhabi, UAE, with Addis Ababa, Ethiopia, starting in the second half of 2025.
Etihad (UAE) has reported a significant surge in profitability for 2024, with net profit tripling to $476 million and revenues increasing 25% to $6.9 billion. The airline’s financial performance underscores strong passenger demand, strategic cost efficiencies, and expansion in key markets.
Kenya Airways has taken delivery of a Boeing B737-800, serial 39604, on lease from DAE Capital (UAE), marking the resumption of its fleet expansion strategy.
Pratt & Whitney (US) is strengthening its global maintenance network for GTF engines, with the addition of Sanad Group (UAE) as a new MRO provider. The partnership will see Sanad Group establish a cutting-edge facility to support GTF engine overhauls, with full operations expected by 2028.
Tim Clark, president of Emirates, has reaffirmed his belief in the Airbus A380 as a “compelling” aircraft for certain airlines, emphasizing its unique capacity and operational advantages. Clark has also suggested that a modernized versionof the A380 could be up to 25% more fuel-efficient, making it a viable option for future operators.
Dubai Aerospace Enterprise (DAE), based in the United Arab Emirates, has announced a definitive agreement with K2 Aviation of Ireland to sell seven aircraft from its portfolio. These aircraft, consisting of both Airbus and Boeingmodels, are currently on lease to six different airline customers.
Etihad Airways, the national carrier of the United Arab Emirates (UAE), is preparing for a potential Initial Public Offering (IPO) in the first quarter of 2025. The airline plans to offer around 20% of its stake to investors, with projections suggesting the IPO could raise approximately $1 billion.
Emirates, the flagship carrier of the United Arab Emirates, has expanded its fleet with the delivery of an Airbus A350-900, identified by serial number 703. This modern aircraft is equipped with advanced Trent XWB-84 engines, known for their efficiency and performance.
