Lufthansa Technik, a global leader in aircraft maintenance and engineering services, and Air Canada have further strengthened their partnership by extending multiple exclusive maintenance agreements. The renewed contracts cover engine maintenance services for the CFM56-5B, and Total Component Support (TCS) for Boeing 777 and Boeing 737 MAX aircraft.
WestJet, Canada’s second-largest carrier, has received a Boeing 737-800, serial number 41353, on lease, further expanding its narrowbody fleet. The aircraft is powered by CFM56-7BE engines, produced by CFM International, and is expected to support domestic and transborder operations.
Graysky Aviation Capital, a U.S.-based aircraft lessor, has expanded its portfolio through the acquisition of eight Boeing 737-800 aircraft formerly operated by WestJet of Canada. The deal was executed in cooperation with LuminArx Capital Management, a U.S.-based investment firm.
Porter Airlines, a Canadian carrier known for its premium economy model on regional routes, has added two new Embraer E195-E2 jets to its growing fleet. The aircraft, bearing serial numbers 19020182 and 19020187, are both equipped with Pratt & Whitney PW1921G geared turbofan engines.
Flair Airlines, a Canadian ultra-low-cost carrier, is facing a $30.9 million countersuit in Ontario from four Irish lessors— Columbia Lights Aviation, Corvus Lights Aviation, Mam Aircraft Leasing, and Airborne Capital. The legal action stems from alleged financial damages tied to lease terminations and the repossession of four Boeing 737 MAXaircraft.
Exchange Income Corporation (EIC) has finalized the acquisition of Bradley Air Services, the parent company of Canadian North, for US$150 million. This strategic acquisition strengthens EIC’s presence in the regional airline and essential air services market in Northern Canada. The transaction was predominantly financed through the corporation’s existing credit facility, indicating strong financial backing and confidence from lending institutions…
Cargojet, a leading Canadian provider of time-sensitive air cargo services, has successfully completed the issuance of US$183 million in senior unsecured notes. The offering, announced earlier, was closed at a fixed interest rate of 4.599%, with a maturity date set for 2030. These notes are not backed by specific assets, indicating investor confidence in the company’s long-term creditworthiness.
WestJet, Canada’s second-largest airline, has taken delivery of a new Boeing 737-8, bearing serial number 60556, as part of its fleet expansion and renewal program. The aircraft is powered by LEAP-1B27 engines from CFM International, reinforcing WestJet’s investment in fuel-efficient narrowbody jets.
Air Canada has taken delivery of one new Airbus A220-300, identified by serial number 55332, as part of its ongoing narrowbody fleet modernization program. The aircraft is powered by Pratt & Whitney PW1521G-3 engines, known for their fuel efficiency and low environmental impact.
Purolator, Canada’s leading integrated freight and logistics provider, has expanded its dedicated air cargo fleet with the delivery of an ATR72-500F, serial number 707. This turboprop freighter is powered by Pratt & Whitney Canada PW127F engines and is tailored for short-haul express delivery routes across the country.
