Air Lease Corporation (ALC) and several of its subsidiaries have successfully negotiated settlement agreements with a number of insurers, resulting in a substantial cash inflow of $328.5 million. These settlements are a significant part of ALC’s efforts to recuperate losses stemming from its $791.0 million write-off related to its aircraft interests that were detained in Russia.
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.
US-based aircraft leasing firm Crestone Air Partners has announced the acquisition of two Boeing B737-800 aircraft, including one passenger version leased to UK-based leisure airline TUI, and one Boeing B737-800BCF (Boeing Converted Freighter) leased to Bulgarian operator Compass Air Cargo.
US-based lessor Aviation Capital Group (ACG) has announced the successful delivery of a Boeing B737-8 aircraft to Italian airline Neos. This aircraft represents the second of three B737-8 aircraft scheduled to be delivered to Neos from ACG’s existing order book with Boeing.
US-based Air Lease Corporation has appointed Grant Newman as its new Senior Vice President and Treasurer, effective March 17, 2025. Newman’s appointment is part of Air Lease’s strategic initiative to strengthen its financial management and executive leadership team.
Irish lessor Nordic Aviation Capital (NAC) has executed a sale agreement involving an Embraer E195 airframe with UK-based aviation services provider Avtrade.
CALC (China Aircraft Leasing Group Holdings Ltd), based in Hong Kong, reported impressive financial results for 2024, demonstrating significant growth with total revenue increasing by 9.2% to US$669.5 million and profit attributable to shareholders rising dramatically by 809% to US$33.1 million.
Stratos has delivered an Airbus A330-300P2F on a long-term operating lease to MNG Airlines, a Turkish cargo airline operating worldwide. The aircraft, MSN 1510, was converted into a freighter by EFW in Dresden, marking the second such conversion completed by Stratos at this facility.
China Aircraft Leasing Group Holdings (CALC) (Hong Kong) has entered into a portfolio and asset sale agreementwith Dubai Aerospace Enterprise (DAE) (UAE), covering the sale of six leased aircraft. The deal, which includes two Airbus A320neo and four A321neo, is set to close by the end of October 2026.
Air Transport Services Group (ATSG) (US) has taken redelivery of its first Airbus A330-300P2F, serial 356, marking a milestone in the company’s expanding freighter fleet. The aircraft is set to be leased through ATSG’s subsidiary, Cargo Aircraft Management (CAM), which specializes in freighter leasing solutions.
