SpiceJet is once again under legal scrutiny as it faces fresh insolvency proceedings initiated by BBN Airlines Indonesia. The dispute centers on unpaid lease rentals amounting to US$5.9 million, marking another financial challenge for the Indian low-cost carrier.
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.
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.
China Aircraft Leasing Group Holdings (CALC) (Hong Kong) has completed the lease of its first Airbus A330-200 to Korean Air, further expanding its widebody aircraft portfolio. The lease agreement, finalized in March 2025, represents a significant milestone for CALC, which has traditionally focused on narrowbody aircraft leasing.
Garuda Indonesia has announced plans to acquire up to 100 new aircraft from Boeing and Airbus by the end of 2025, as disclosed by Deputy Minister of Industry Faisol Riza at an event in Jakarta. This expansion is intended to strengthen Indonesia’s commercial aviation sector, aligning with the growth of the national aerospace industry.
XEJet (Nigeria) has announced a strategic partnership with Zela Aviation (Cyprus) to promote the ACMI leasing of its Embraer ERJ145 aircraft. This collaboration aims to enhance XEJet’s presence in the regional leasing market, offering flexible capacity solutions for airlines in need of short-term or seasonal aircraft availability.
Sky Alps (Italy) has wet leased a Boeing 737-800, serial 30667, from ETF Airways (Croatia) to support operations on the Verona-Hamburg route. The lease agreement, set for an undisclosed duration, ensures seamless capacity coverageon the airline’s international network.
RwandAir has secured a wet lease agreement for an Airbus A330-200, serial 493, from GullivAir (Bulgaria) to cover operational needs through April 2025. This temporary lease arrangement comes as RwandAir’s own A330-200s undergo scheduled maintenance, ensuring uninterrupted long-haul services for the airline.
