FTAI Aviation, based in the Cayman Islands, has announced the launch of its Strategic Capital initiative, a groundbreaking collaboration with third-party institutional investors. This initiative is poised to leverage substantial market opportunities in the B737NG and A320ceo segments, with an annual deployment target exceeding $3 billion in capital.
CALC (Hong Kong) has taken another significant step in its strategic expansion, with its Special Purpose Vehicles (SPVs) entering into Aircraft Sale and Purchase Agreements with a subsidiary of Aircraft Recycling International(Cayman Islands). The agreements cover the acquisition of two A320 aircraft, with the transactions expected to be finalized by the end of December 2024.
CALC (Hong Kong) has announced that its Special Purpose Vehicle (SPV) has signed an Aircraft Sale and Purchase Agreement with Moutai Leasing (China). This agreement pertains to the sale of one lease-attached A320neo, marking a significant transaction in the aviation leasing sector. The sale is expected to conclude in January 2025, further strengthening CALC’s asset management strategy and Moutai Leasing’s aircraft…
China Aircraft Leasing Group Holdings Limited (CALC) has been awarded its first-ever long-term credit rating, achieving an Ag- grade with a stable outlook. This recognition comes from the China Chengxin (Asia Pacific) Credit Ratings Company, a prominent credit assessment agency renowned for evaluating financial institutions in the Asia-Pacific region.
Capital A, the parent company of AirAsia and several other subsidiaries, has taken a significant step in its recovery process by submitting its Proposed Regularization Plan to Bursa Malaysia Securities. This marks a pivotal move in the company’s journey to exit the Practice Note 17 (PN17) status, which is associated with financial distress.
ATR, the world’s leading regional aircraft manufacturer, and Ethiopian Airlines Group, Africa’s largest airline, have reinforced their partnership by signing a Joint Comprehensive Action Plan. This strategic agreement aims to establish in-house maintenance capabilities for ATR -500 and -600 series aircraft within Ethiopian Airlines’ operations.
Lilium GmbH, the German electric aircraft startup known for developing the Lilium Jet, has entered into an asset purchase agreement with Mobile Uplift Corporation GmbH, a consortium of investors from Europe and North America. This development follows Lilium’s recent financial challenges, culminating in the cessation of operations and the layoff of approximately 1,000 workers on December 20, 2024.
Boeing has announced that its Chief Information Officer (CIO), Susan Doniz, is leaving the company. Her departure marks the end of her tenure in overseeing Boeing’s digital transformation and IT operations during a crucial period of recovery and growth for the aerospace giant.
Comac (China) is actively reaching out to international airlines as it seeks to establish a global foothold for its C919 jet, a narrow-body aircraft developed to compete with Boeing and Airbus. The company is targeting carriers in regions ranging from Indonesia to Kazakhstan, signaling a strategic push to expand beyond China’s domestic market.
Aerolinee Siciliane, a new carrier based in Italy, has announced the acquisition of a 49% stake in Southern Aerotech, an Italian maintenance company. The strategic investment comes as the airline prepares for its first scheduled flight in May 2025.
