| | | |

Genesis Acquires Three Narrowbody Aircraft from BOC Aviation

ByAdmin

Genesis, an Ireland-based aircraft leasing company, has completed a transaction with BOC Aviation of Singapore, acquiring three of the most sought-after narrowbody aircraft in the aviation market. This acquisition includes a Boeing 737-8 currently on lease to TUI in Germany, an Airbus A320 with Volaris in Mexico, and an Airbus A320neo leased to TAP Air Portugal. These aircraft are among the most liquid models in the narrowbody segment, reflecting Genesis’s…

| | | |

Aergo Capital Acquires A321 Aircraft Leased to Wizz Air

ByAdmin

Aergo Capital, a prominent Irish aircraft leasing firm, has acquired an Airbus A321-200 aircraft, with serial number 6976, from an investor customer of FPG Amentum, also based in Ireland. The aircraft, currently leased to Wizz Air, a low-cost airline headquartered in Hungary, marks a strategic addition to Aergo Capital’s growing portfolio. This acquisition aligns with Aergo Capital’s objectives to expand…

| | |

MMAG Aviation Consortium Establishes MMAG Skyfleet Aircraft Leasing Unit in Labuan

ByAdmin

MMAG Aviation Consortium has secured regulatory approval from Labuan, Malaysia, to establish a subsidiary, MMAG Skyfleet, which will operate as an aircraft leasing unit. This strategic move marks MMAG’s entry into the aircraft leasing industry, allowing the consortium to diversify its aviation operations and cater to the growing demand for leasing services within the region….

| |

Genesis Promotes Denise Byrne to Lead New SVP Portfolio Services Department

ByAdmin

Genesis, an Ireland-based aircraft lessor, has announced the promotion of Denise Byrne from her role as VP of Pricing to Senior Vice President (SVP) of Portfolio Services. This new department will consolidate Genesis’s pricing and risk management activities under a single umbrella, enhancing the company’s focus on effective asset management and strategic financial oversight. Byrne’s…

| | |

Spirit Airlines to Sell 23 Airbus A320/A321 Aircraft to GA Telesis

ByAdmin

Spirit Airlines, a prominent U.S.-based low-cost carrier, has announced a significant fleet adjustment with the sale of 23 Airbus A320 and A321 aircraft to GA Telesis. The agreement, valued at approximately $519 million, outlines the planned delivery of these aircraft through February 2025. This transaction is part of Spirit’s fleet optimization strategy, allowing the airline…

| | | | |

IndiGo Secures Approval to Extend Wet Lease of 11 A320s from SmartLynx Airlines

ByAdmin

IndiGo, India’s largest airline, has received approval from the Indian government to renew the wet lease of 11 Airbus A320 aircraft from Latvia-based SmartLynx Airlines. This renewal aims to support IndiGo’s operational needs as the carrier addresses an Aircraft on Ground (AOG) issue caused by recurring engine snags affecting its fleet. The wet lease agreement…

| | | | | | | | |

Geosky Acquires Boeing 767-300BCF from NAS Aircraft Leasing

ByAdmin

Geosky, a cargo airline based in Georgia, has expanded its fleet with the addition of a Boeing 767-300BCF. This aircraft, identified by serial number 30564, is leased from NAS Aircraft Leasing, a U.S.-based leasing company. Powered by Pratt & Whitney PW4062 engines, the Boeing 767-300BCF offers Geosky enhanced cargo capacity and operational flexibility, supporting the…

| | | |

Dubai Aerospace Enterprise Leases Three Boeing 737-8 Aircraft to Eastar Jet

ByAdmin

Dubai Aerospace Enterprise (DAE), a leading global aircraft leasing company based in the UAE, has announced the signing of lease agreements with South Korea’s Eastar Jet for three Boeing 737-8 aircraft. These aircraft are scheduled for delivery in mid-2025 and the first quarter of 2026, enabling Eastar Jet to expand its fleet with the latest…

| | |

Willis Lease Finance Secures $1 Billion Revolving Credit Facility

ByAdmin

Willis Lease Finance Corporation (WLFC), a leading U.S.-based provider of aviation leasing and asset management services, has entered into a new five-year revolving credit facility totaling $1 billion. This significant agreement, which includes WLFC’s wholly-owned subsidiaries as guarantors, replaces the company’s previous $500 million credit facility, enhancing its financial flexibility and supporting its long-term growth…