Allegiant, a U.S.-based low-cost carrier, has initiated a significant shift in its fleet composition. During the third quarter of 2024, Allegiant retired four Airbus A320s, marking the beginning of a phased transition to the Boeing 737 MAX. The airline recently took delivery of its first 737 MAX, with plans to receive an additional 11 MAX…
Willis Lease Finance Corporation (WLFC), a leading U.S.-based provider of aviation leasing and asset management services, has entered into a new five-year revolving credit facility totaling $1 billion. This significant agreement, which includes WLFC’s wholly-owned subsidiaries as guarantors, replaces the company’s previous $500 million credit facility, enhancing its financial flexibility and supporting its long-term growth…
Gevo, a leading sustainable aviation fuel (SAF) producer in the United States, has secured a conditional loan guarantee of $1.46 billion from the US Department of Energy (DOE) Loan Programs Office. This funding commitment is aimed at supporting Gevo’s Net-Zero 1 SAF project in South Dakota, a key initiative in the company’s efforts to produce…
Air Transport Services Group (ATSG), a prominent U.S.-based provider of air cargo and leasing services, has entered into a definitive agreement to be acquired by investment firm Stonepeak in an all-cash transaction valued at approximately $3.1 billion. The deal, which is expected to close in the first half of 2025, will result in ATSG transitioning…
Air Transport Services Group (ATSG), a prominent provider of air cargo and aircraft leasing services in the U.S., is set to be acquired by Stonepeak, a leading investment firm, in a transaction valued at approximately $3.1 billion, including debt. This acquisition marks a significant expansion of Stonepeak’s presence in the aviation sector, particularly in cargo…
Vueling, a prominent low-cost airline, has expanded its fleet with the addition of a leased Airbus A320, serial number 2911. This new aircraft, powered by V2527-A5 engines, will support Vueling’s operations on its high-demand short-haul routes.
