I Fly Airlines (Russia) has reported a significant threefold increase in revenue for the first quarter of 2025, reaching over US$23 million, largely driven by the ongoing wet lease of three A330 aircraft to fellow Russian carrier Aeroflot. This leasing arrangement has provided a stable revenue stream for I Fly and underscores the growing interdependence between carriers in the Russian market as…
GOL Linhas Aéreas, the Brazilian low-cost carrier currently undergoing restructuring proceedings, has submitted a request to the court to approve entry into a lease agreement for one Boeing 737-800BCF, bearing serial number 33551. The lease arrangement is with UMBF (Ireland) as lessor, under terms defined in a Letter of Intent (LOI). BBAM Aviation Services (Ireland) is designated as the servicer of the aircraft.
Avmax, the Canadian aviation services company, has completed a significant fleet acquisition deal with Qantas, purchasing a total of 19 De Havilland Dash 8 Series aircraft, comprising three Q200s and sixteen Q300s. The transaction marks one of the largest secondary market moves involving regional turboprops in the Asia-Pacific region this year.
Avation, the Singapore-based aircraft leasing company, has signed a six-year lease agreement with Clic Air of Colombia for one ATR72-600 turboprop. The aircraft, currently undergoing return processing from its previous operator, is expected to be delivered to Clic Air within the coming weeks, further expanding the carrier’s growing regional fleet.
Play Europe, based in Malta, has deployed its first of three Airbus A321neo aircraft, serial number 8008, to Ostrava for preparation ahead of a wet lease agreement with SkyUp Airlines, the Ukrainian ACMI and charter specialist. The arrangement marks the beginning of a new leasing partnership between the two operators as Play Europe begins to commercialize its expanding fleet.
Air Lease Corporation (ALC), the U.S.-based aircraft leasing giant, has released its first-quarter 2025 performance update, reporting strong investment activity and continued portfolio optimization. The company delivered 14 new aircraft from its orderbook, representing a total investment of approximately US$800 million during the quarter.
Avolon, one of the world’s largest aircraft leasing companies based in Ireland, has reported a highly active first quarter of 2025, marked by robust acquisition, sales, and placement activity. The company acquired 115 aircraft, sold 34 aircraft, and ended the quarter with 66 aircraft agreed for sale, underscoring the strength of demand and fleet turnover in the leasing market.
BOC Aviation, the Singapore-headquartered aircraft lessor, has successfully closed a US$1.5 billion self-arranged term loan with participation from 21 banks globally. The transaction includes two separate facilities, allocated respectively to BOC Aviation Ltd. in Singapore and BOC Aviation (Ireland) Ltd., reinforcing the group’s diversified funding strategy and global financial positioning.
Crestone, a U.S.-based aviation investment firm, has expanded its portfolio with the acquisition of two Boeing narrowbody aircraft currently under lease with major North American carriers. The firm has purchased one B737-800, leased to Sunwing Airlines of Canada, and one B737-700, leased to Southwest Airlines in the United States.
SMBC Aviation Capital Finance, a subsidiary of SMBC Aviation Capital based in Ireland, has successfully completed the sale of US$500 million in five-year senior unsecured notes, priced at a principal rate of 5.10%. The offering represents a major financing initiative for the aircraft leasing group as it continues to expand and optimize its capital structure.
