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Maverick Horizon Secures Acquisition of Three A320s from FTAI Aviation

Maverick Horizon, based in Ireland, has successfully closed a new acquisition deal with FTAI Aviation, located in the Cayman Islands. This significant transaction involves the acquisition of three former ITA Airbus A320 aircraft, with serial numbers 1473, 1480, and 1489. These aircraft will be strategically placed on lease with various airlines, enhancing Maverick Horizon’s leasing operations and expanding its…

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FTAI Aviation to Redeem Series B Preferred Shares

FTAI Aviation, headquartered in the Cayman Islands, has announced plans to redeem all outstanding 4,940,000 8.00% Fixed-to-Floating Rate Series B Cumulative Perpetual Redeemable Preferred Shares. The redemption price is set at $25.00 per Series B Share in cash, along with an additional $2.4 million covering accumulated and unpaid distributions.

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FTAI Aviation Launches Strategic Capital Initiative with Major Aircraft Sale

FTAI Aviation, based in the Cayman Islands, has announced the launch of its Strategic Capital initiative, a groundbreaking collaboration with third-party institutional investors. This initiative is poised to leverage substantial market opportunities in the B737NG and A320ceo segments, with an annual deployment target exceeding $3 billion in capital.

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CALC Signs Agreement for Acquisition of Two A320s

CALC (Hong Kong) has taken another significant step in its strategic expansion, with its Special Purpose Vehicles (SPVs) entering into Aircraft Sale and Purchase Agreements with a subsidiary of Aircraft Recycling International(Cayman Islands). The agreements cover the acquisition of two A320 aircraft, with the transactions expected to be finalized by the end of December 2024.

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Spirit Airlines Cayman Units Expected to Join Bankruptcy Case

Spirit Airlines (US) is expected to have its Cayman Islands subsidiaries file for bankruptcy as part of the parent company’s ongoing Chapter 11 case. The four units, which own specific intellectual property (IP), will join the restructuring process to streamline the airline’s financial and operational strategies.