Willis Lease Finance Reports Record 2025 Revenue as the aircraft engine lessor and aviation services provider announced its strongest annual financial performance to date, driven by increased leasing activity and strong demand for engine-related services.
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Air Incheon (South Korea) has nearly finalized the financing required to acquire Asiana Cargo (South Korea). This critical funding milestone involved the participation of approximately ten companies and saw Hyundai Glovis (South Korea) spearhead the effort by raising a total of US$434 million.
Vietjet Air (Vietnam) has signed a major aircraft financing agreement worth US$300 million with AV AirFinance (US), further strengthening its financial ties with key American institutions. This agreement is one segment of a larger portfolio of deals the airline has been actively pursuing to fund its fleet expansion and modernization.
A subsidiary of US-based Willis Lease Finance, Willis Engine Repair Center, has entered into a strategic partnership with Global Engine Maintenance (US) to establish a joint venture named Willis Global Engine Testing. The venture aims to construct a state-of-the-art engine test cell facility in West Palm Beach, Florida.
PLAY Airlines, the Iceland-based low-cost carrier, has reported a net loss of US$26.8 million for the first quarter of 2025, as operating revenues declined 8%, totaling US$46.4 million. The carrier ended the quarter with a cash position of US$21.1 million, reflecting tighter financial conditions amidst softer demand.
BOC Aviation (Singapore) has released details of its transactions for the fourth quarter of 2023 and its projections for 2024, highlighting strong growth and activity across its operations.
Avolon, a leading global aircraft lessor, has reported strong financial results for 2024, highlighting significant growth in revenue and profitability.
