Volofin Capital Management (UK) has announced the successful structuring and closing of a spares inventory financing facility for Virgin Atlantic (UK). The facility, valued at up to $100 million, will support Virgin Atlantic in managing and optimizing its aircraft spare parts inventory.
Itasca MGA (UK) has announced its role in providing insurance backing to Elevate Capital Partners (US) for a financing solution involving two E195-E2 aircraft. This partnership underscores the importance of comprehensive insurance solutions in enabling complex aviation financing arrangements.
Sunwing Airlines, a Canadian leisure carrier, has expanded its fleet with the delivery of a Boeing 737-800, serial number 35142, under a wet lease agreement with TUI Airways, a UK-based airline. The aircraft is powered by CFM56-7B26 engines, renowned for their efficiency and reliability.
AMS Aircraft Services, a UK-based aviation asset management and sales company, has been exclusively mandated to remarket two CFM56-5B6/3 engines. The engines, serial numbers 697839 and 697840, are being sold on behalf of their owner through a detailed Request for Proposals (RFP) process.
IAG (International Airlines Group), headquartered in the United Kingdom, has finalized a $132 million compensation payment to Air Europa, the Spanish airline, for the canceled acquisition deal. The settlement concludes IAG’s financial obligations to Air Europa, following its decision not to proceed with the purchase. The payment reflects a negotiated agreement to resolve outstanding claims related to…
Virgin Atlantic has announced the cancellation of its planned London Heathrow-Accra route, which was set to commence on May 1, 2025. The decision reflects adjustments in Virgin Atlantic’s route strategy as the airline reassesses its network plans. The Heathrow-Accra service was expected to connect the UK and Ghana directly, serving a significant market for business and leisure travelers…
easyJet, a leading UK-based low-cost airline, has recently signed a three-year extension to its existing maintenance contract with Lufthansa Technik Milan. This renewed agreement covers recurring light base maintenance checks for easyJet’s A320 family fleet. The collaboration ensures that easyJet’s fleet receives regular, high-quality maintenance services, supporting its operational reliability and safety across European routes.
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…
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…
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…
