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Willis Lease Finalizes JOLCO Financing For LEAP And GTF Engines

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Willis Lease Finance Corporation, a leading aviation lessor and asset manager, has successfully closed three Japanese Operating Lease with Call Option (JOLCO) transactions totaling $64.8 million in financing. The deals cover the acquisition of two Pratt & Whitney GTF engines and one LEAP-1A engine, providing flexible long-term financing solutions for high-demand powerplants.

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Aegean Faces GTF Engine Issues Through 2027

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Aegean Airlines anticipates continued operational disruptions from GTF engine problems for at least another two years, extending into 2027. The airline projects that the peak of these challenges will occur in 2026, when up to 13 or 14 aircraft may be grounded simultaneously due to Pratt & Whitney’s PW1000G engine reliability issues.

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AerCap Prices $1.5 Billion Senior Notes Offering

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AerCap Ireland and AerCap Global Aviation Trust, leading entities in the aircraft leasing sector, have announced the successful pricing of a $1.5 billion senior notes offering. The offering comprises $750 million in 4.875% Senior Notesdue in 2028 and an additional $750 million in 5.375% Senior Notes due in 2031.

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FedEx Feeder Adds Two Cessna 408F SkyCourier Aircraft

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FedEx Feeder, the regional cargo airline supporting FedEx Express, has taken delivery of two Cessna 408F SkyCourieraircraft, identified by serial numbers 408-0040 and 408-0031. These aircraft are operated by Corporate Air, a U.S.-based contractor, and are powered by PT6A-65SC engines, renowned for their reliability and performance.

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Jet2’s Airbus A321neo Fleet Expansion Faces Delivery Delays

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Jet2, the UK-based leisure airline, is set to expand its fleet with the addition of 14 new Airbus A321neo aircraft, powered by CFM International engines. The airline expects these deliveries to bring its total A321neo fleet to 23 aircraft by the end of summer 2025. However, some of these aircraft deliveries will be delayed, leading to higher operational costs during the transition period.