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Falko Reports 3Q 2024: Portfolio Grows to 266 Aircraft with Active Leasing and Sales

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Falko, a UK-based aircraft leasing and asset management company, reported a dynamic third quarter in 2024, showcasing significant portfolio activity. The company added 13 aircraft to its holdings, sold seven aircraft and one engine, and entered into Letters of Intent (LOIs) for the sale of two additional aircraft. Falko also demonstrated strong leasing activity, having leased out three aircraft and extended leases for 14…

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IAG’s Valuation “Unreflective” of Strong Returns, Says Panmure Liberum

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IAG (International Airlines Group), the UK-based parent company of British Airways and Iberia, is considered significantly undervalued by financial firm Panmure Liberum. According to Panmure Liberum, IAG’s share price should be trading at more than double its current value due to the company’s high return on capital and profit margins that outperform its industry peers. This assessment suggests that…

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Jet2 Phases Out B757 Fleet as A321neo Deliveries Progress

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Jet2, the UK-based airline, has started retiring its Boeing 757 fleet as it receives new Airbus A321neo aircraft. This transition marks a significant fleet modernization for Jet2, with the remaining six B757s expected to be completely phased out by early January 2025. The introduction of the A321neo brings operational advantages such as increased fuel efficiency and lower emissions, aligning with the airline’s…

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Virgin Atlantic to Resume London-Cancun Flights in October 2025

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Virgin Atlantic has announced its return to Mexico with the launch of a new route connecting London Heathrow to Cancun. Scheduled to commence on 19 October 2025, this seasonal route will operate during the winter season, catering to increased demand for travel to Mexico’s popular tourist destinations. The service will be operated using Virgin Atlantic’s advanced A350-1000 aircraft, known for its spacious layout, fuel…

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Norwegian Drops Evenes-London Route After Two Months

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Norwegian, the low-cost carrier based in Norway, has announced that it will discontinue its route between Evenes and London after only two months of service. The decision to drop the route comes as a result of insufficient demand, which made it unsustainable to continue operations. The short-lived route highlights the challenges airlines face in assessing and adapting to market demands,…

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IAG Considers Future Asia Routes for Level, Pending Market Conditions

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IAG (International Airlines Group), based in the UK, has indicated that its low-cost subsidiary Level, headquartered in Spain, could consider launching flights to Asia in the future. However, according to IAG, the current market conditions are not suitable for such an expansion. While IAG has not ruled out the possibility, it has emphasized that the decision will depend on improvements…

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IAG CEO Awaits Decision on Air Europa Capital Increase

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IAG CEO Luis Gallego has not yet confirmed whether the group will take part in Globalia’s proposed capital increase for Air Europa, aimed at strengthening the Spanish airline’s financial stability. This potential investment would enhance Air Europa’s fiscal resilience, particularly valuable as the airline seeks to recover from recent economic challenges and compete effectively within Europe.

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GOL and Abra Group Reach Plan for Chapter 11 Restructuring

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GOL, the Brazilian airline, has entered into a Plan Support Agreement with the Abra Group (UK), its affiliates, and unsecured creditors to facilitate the airline’s financial restructuring under Chapter 11. This agreement will reduce GOL’s prepetition debt and obligations by approximately $2.5 billion, a substantial move aimed at stabilizing its finances and preparing for a sustainable future.

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Sunwing Airlines Receives B737-800 on Wet Lease from TUI Airways

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Sunwing Airlines, a Canadian low-cost carrier, has bolstered its fleet with the addition of a Boeing 737-800, serial number 39922, acquired on a wet lease from TUI Airways in the United Kingdom. This aircraft comes equipped with CFM56-7B27E engines, known for their efficiency and reliability, which aligns with Sunwing’s operational goals of providing dependable and cost-effective air travel. The wet…

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Doric Nimrod Air Two Completes Sale of Three A380s, Plans More Sales

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Doric Nimrod Air Two, a UK-based aircraft leasing fund, has announced the successful sale of three Airbus A380aircraft, specifically serial numbers 105, 106, and 107. The proceeds from these sales will be distributed to the fund’s shareholders, aligning with Doric Nimrod’s strategic plan to gradually monetize its A380 assets as market conditions evolve. This sale highlights the fund’s commitment…