Willis Lease Finance Corporation has released its 2024 financial results, highlighting a strong revenue performance and substantial net income growth. The company reported total revenues of $569.2 million, reflecting increased demand for engine leasing and asset management services.
Silver Airways and its subsidiary Seaborne Virgin Islands have been granted approval to extend the 60-day period under Section 1110 of the U.S. Bankruptcy Code as part of their ongoing Chapter 11 restructuring efforts. This extension allows the carriers to maintain control of their aircraft and essential assets, ensuring operational continuitywhile they restructure financially.
Ryanair Holdings, the Ireland-based low-cost airline group, has lifted its prohibition on non-EU nationals purchasing ordinary shares. This decision ensures continued compliance with EU airline ownership and control regulations, allowing the company to maintain its operating licenses and market position.
GlobalX expects passenger ACMI to remain a core driver of its business, with further expansion anticipated in 2025. Growth will be supported by additional aircraft deliveries in the second half of the year, alongside strengthened partnerships across North America and Europe. The airline is focused on scaling its ACMI operations, ensuring flexibility and capacity for airlines requiring short-term and seasonal capacity solutions.
Capital A, the parent company of AirAsia, has secured approval from Bursa Malaysia Securities for its proposed regularisation plan, a key milestone in its efforts to exit Practice Note 17 (PN17) status. This approval allows the company to move forward with its financial restructuring and business reorganisation, reinforcing its long-term growth strategy.
United Airlines has expanded its fleet with the addition of a Boeing 737-8, identified by serial number 67630. The aircraft is powered by LEAP-1B28 engines, enhancing fuel efficiency, operational reliability, and environmental sustainability as part of the airline’s ongoing fleet renewal strategy.
SolitAir, a UAE-based cargo airline, has expanded its freighter fleet with the addition of a Boeing 737-800BCF, identified by serial number 30879. The aircraft is operated by ASL Airlines Ireland and is powered by CFM56-7B26 engines, enhancing operational efficiency and reliability in the carrier’s expanding logistics network.
Setna iO, a US-based aviation asset management and parts supplier, has acquired another Boeing 757-300 for immediate disassembly. The aircraft, previously operated by Condor, will be dismantled by ecube in Spain, further expanding Setna iO’s inventory of used serviceable materials (USM) for commercial aircraft.
Scoot, the low-cost subsidiary of Singapore Airlines, has expanded its fleet with the addition of a new Airbus A320neo, identified by serial number 12456. The aircraft is powered by PW1127G-JM engines, offering improved fuel efficiency, lower emissions, and quieter operations.
Lufthansa Group is adjusting its capacity growth strategy by focusing on more cost-efficient AOCs (Air Operator Certificates) within its network. In 2025, the group will add 15 new aircraft to its City Airlines and Discover Airlinessubsidiaries, both of which offer lower operating costs compared to the main Lufthansa brand. This strategic shift aims to improve cost efficiency and maximize profitability while maintaining network expansion.
