Breeze Airways, an innovative airline based in the United States, has further strengthened its fleet by taking delivery of a new Airbus A220-300 aircraft. This aircraft, bearing serial number 55062, comes equipped with advanced Pratt & Whitney PW1524G-3 engines, known for their fuel efficiency and reduced environmental footprint.
Astral Aviation, based in Kenya, is undertaking significant changes to its cargo fleet. The airline has decided to phase out its B757 Freighters, B727-200 Freighters, and DC9 Freighters as part of a broader strategy to modernize and streamline its operations. This move is aligned with the airline’s focus on enhancing operational efficiency and reducing environmental impact.
American Eagle, a regional airline under the American Airlines Group, has recently enhanced its fleet with the delivery of a new CRJ900 aircraft. This aircraft, bearing serial number 15401, is equipped with CF34-8C5 engines, known for their reliability and efficiency in regional jet operations.
Air Peace, Nigeria’s largest airline, has further strengthened its fleet by wet leasing an additional Airbus A320 aircraft from SmartLynx Airlines, based in Latvia. This aircraft, with serial number 3954, is part of Air Peace’s strategy to enhance its capacity and improve its service offerings across its network.
Air India Express, the budget airline subsidiary of India’s flagship carrier, has entered into definitive engine sale/leaseback agreements with Willis Lease Finance Corporation (WLFC), a prominent player in the aviation engine leasing market based in the US. This agreement pertains to 26 CFM56-7B engines installed on 13 of its Boeing 737-800 aircraft.
Cargo Aircraft Management, a subsidiary of Air Transport Services Group (ATSG), has announced its intention to fully redeem all $700 million in aggregate principal amount of its outstanding 2028 Notes. This financial maneuver is scheduled for April 11, 2025, and is subject to the successful completion of the merger between ATSG and Stonepeak Nile MergerCo.
AirAsia Aviation Group, based in Malaysia, is in the advanced stages of finalizing a significant financial agreement that involves securing up to US$226 million in debt financing. This strategic financial move is being facilitated by an undisclosed domestic bank, with the primary aim of refinancing the group’s existing US dollar-denominated debt and allocating funds for various corporate…
GetJet Airlines, a leading ACMI service provider based in Lithuania, has announced the acquisition of a long-term land lease at Vilnius International Airport (VNO) through an auction organized by Lithuanian Airports. The airline has obtained the rights to develop a 4,664-square-meter plot for a period of 40 years, where it plans to construct a state-of-the-art Maintenance, Repair,…
Setna, a prominent player in the U.S. asset management sector, has announced the appointment of Andrew Storch as its new Vice President of Asset Management. This strategic hire is part of Setna’s ongoing efforts to enhance its operational capabilities and drive growth in its asset management division.
Kenya Airways, the flag carrier of Kenya, is currently in the process of seeking a strategic investor to aid in its financial recovery and future growth plans. This search is part of a broader strategy that includes completing a significant capital restructuring and enhancing liquidity to ensure sustainable operations.
