Korean Air is set to officially finalize its acquisition of a controlling stake in Asiana Airlines (South Korea) today. This strategic move will see Korean Air invest $1.07 billion to purchase a 63.9% stake in Asiana through a third-party share issuance, marking a significant milestone in the consolidation of South Korea’s aviation industry.
Air Canada has finalized the sale of two Boeing 767-300F freighters, identified by serial numbers 67023 and 67024, to Ethiopian Airlines, one of Africa’s leading carriers. The aircraft, previously in production storage, have now been delivered to Addis Ababa, marking a notable transaction in the global air cargo sector.
Chorus Aviation (Canada) has finalized the sale of its Regional Aircraft Leasing segment, including Falko (UK), to HPS Investment Partners (US). The transaction represents a significant strategic shift for Chorus as it focuses on its core operations and streamlines its corporate structure.
Doric Nimrod Air Two (UK) has announced the successful completion of the sale and transfer of an Airbus A380, identified by serial 110, to Emirates (UAE). The transfer follows the lease end date, with the sale yielding US$39.1 million in proceeds.
Rex (Australia) has completed the sale of Air Partner’s (UK) 50% shareholding in National Jet Express (NJE) to entities controlled by the remaining shareholders of NJE. The proceeds from this transaction will be utilized by Rex to repay secured debt, contributing to its financial stabilization.
Spirit Airlines (US) has received court approval to sell five of the 23 aircraft it has deemed surplus to requirements to GA Telesis (US). The agreement is part of a broader deal that could generate $518.9 million for the airline if all the aircraft are sold.
CDB Aviation (Ireland) has successfully completed the sale of two Airbus A330-200 aircraft to National Airlines (US). The transaction was finalized with the delivery of the second aircraft, both powered by Trent 800 engines, marking a significant milestone in the leasing company’s portfolio management.
China Aircraft Leasing Group Holdings Limited (CALC), a prominent lessor based in Hong Kong, has entered into sale and purchase agreements with WWTAI Airopco 1 Bermuda for the divestment of six aircraft. The transaction, facilitated through six of CALC’s Special Purpose Vehicles (SPVs), is expected to be finalized by March 2025.
Avation, a Singapore-based lessor, has announced the successful delivery and concurrent sale of a new ATR72-600 aircraft. This delivery marks the first of two ATR72-600s sold to an airline operating in the Caribbean region.
ACIA Aero Leasing (Ireland) has announced the sale of an ATR72-500 LCD freighter, identified by serial number 727, to Air Creebec (Canada). This transaction marks a significant milestone as it introduces the first ATR aircraft to Air Creebec’s fleet. The newly acquired freighter is set to enter operations in December 2024.
