Cebu Pacific (Philippines) has successfully closed its first-ever sustainability-linked Japanese Operating Lease with Call Option (JOLCO) for a new Airbus A321neo. This milestone financing reflects the airline’s commitment to integrating sustainable practices into its growth strategy.
Aircraft Leasing & Management (UK) has announced the acquisition of an A321neo, bearing serial number 10056, from Minsheng Financial Leasing (China). The aircraft is currently under an existing lease agreement with Viva (Mexico), enhancing its operational use in the growing Latin American market.
Aero Capital Solutions (US) has shared its 2024 transaction highlights, showcasing a year of significant activity and growth. The company purchased 67 aircraft and 10 standalone engines during the year, strengthening its diverse portfolio of aviation assets.
Aircastle (US) has announced its financial results for the third quarter of 2024, covering the period ended 30 November 2024. The company reported total revenues of $194 million and a net income of $18 million, reflecting stable financial performance in a challenging market environment.
Nordic Aviation Capital (Ireland), a global leader in regional aircraft leasing, has successfully executed a lease agreement with Rise Air (Canada) for two ATR72-600 aircraft. This agreement supports Rise Air’s strategy to expand its regional connectivity and improve service efficiency across its network.
IndiGo (India) has entered into a wet lease agreement with Freebird Airlines (Turkiye) for four Airbus A320 aircraft. The aircraft, identified by serial numbers 4658, 3514, 3852, and 5906, will bolster IndiGo’s operational capacity during high-demand periods, ensuring the airline can maintain its extensive domestic and international route network.
GOAL Aircraft Leasing, a prominent German leasing company, has finalized a sale and leaseback agreement with Porter Airlines (Canada) for two Embraer E195-E2 aircraft. These modern jets will be operated by Porter Airlines under long-term lease arrangements, further strengthening its fleet for regional and transcontinental operations.
Ascend Airways UK has announced the addition of a Boeing 737-8 to its fleet, subleased from SmartLynx (Latvia) in December 2024. This marks a significant milestone in Ascend Airways’ fleet expansion strategy as it aims to strengthen its operations and enhance capacity ahead of the busy summer travel season.
Air Algérie has announced the lease of six aircraft to be delivered by September 2025 as a temporary solution to compensate for the 12 aircraft grounded due to maintenance and spare parts issues. This move comes as the carrier works to maintain operational capacity and meet passenger demand.
Israir Airlines, based in Israel, will continue leasing HelloJets’ Boeing B737-700 and B737-800 aircraft during the first quarter of 2025. These aircraft will support Israir’s operations on various routes to and from Tel Aviv, ensuring the airline’s capacity needs are met during this period.
