Crestone Air Partners, an aviation asset management platform, has acquired two A320ceo aircraft in partnership with Atalaya Capital Management. This move highlights Crestone’s dedication to expanding its narrow-body portfolio with top-tier aircraft leased to reliable operators. The two planes are currently leased to SmartLynx Airlines, a prominent European ACMI, cargo and charter service provider. With
AerCap Holdings N.V. (AerCap) hosted its 2024 Capital Markets Day in New York on May 8, 2024. AerCap’s CEO Aengus Kelly, along with other senior leaders, were discussing the company’s strategic priorities and outlook for the near and longer term. In conjunction with the investor conference, the company unveiled several significant announcements. Foremost among them
Falko Regional Aircraft Limited (Falko), a large asset manager and aircraft lessor focused solely on the regional aircraft sector, has provided a summary of its first quarter 2024 (Q1 2024) portfolio activity. Throughout the quarter, Falko engaged in transactions concerning 50 aircraft and two engines. Notably, Falko entered into a purchase agreement with Nordic Aviation
The Cessna SkyCourier twin utility turboprop aircraft has been granted type certification by the Australia Certification and Accreditation Service Agency (ACASA), marking a significant milestone for the aircraft’s deployment in remote communities and enhancing regional connectivity throughout Australia. This certification follows closely on the heels of the first SkyCourier order in Australia, announced three months
LOT Polish Airlines (LOT) has announced plans to incorporate the Embraer E195-E2 into its fleet to bolster operational flexibility and support network expansion. The airline will lease three new E195-E2 aircraft from Azorra, underscoring its dedication to sustainable growth by integrating the 25% more efficient E2 into its operations. The first aircraft is scheduled to
Lilium, the creator of the eVTOL Lilium Jet, has unveiled its collaboration with advanced air mobility (AAM) operator UrbanLink to deploy Lilium Jets in South Florida. As part of the agreement, UrbanLink will procure 20 Lilium Jets, with pre-delivery payments scheduled, becoming the inaugural airline in the U.S. fully dedicated to integrating eVTOL aircraft into
Air Transport Services Group (ATSG), a provider of medium wide-body cargo aircraft leasing, air cargo transportation, and associated services, has revealed an agreement to operate ten additional Boeing 767 freighters for Amazon.com Services in the Amazon Air network, by the conclusion of 2024. The operating agreement, under which ATSG’s airlines will operate these aircraft, will
India’s premier airline, IndiGo, has confirmed an order for 30 Airbus A350-900 aircraft, marking a significant expansion in its international network towards long-haul destinations. India, boasting the title of the world’s fastest-growing major aviation market, stands on the cusp of an imminent surge in international travel, propelled by economic advancement and escalating household incomes. The
The next-generation aviation start-up MightyFly asserts that it is the first company to be developing a large, autonomous eVTOL cargo drone, has received approval from the Federal Aviation Administration (FAA) for a flight corridor. This approval marks a significant achievement for MightyFly, signifying a notable advancement in the realm of drone delivery services. The newly
ATR announced the signature of a firm order for 10 ATR 72-600s with Avation PLC. Deliveries are scheduled between 2025 and 2028, showcasing Avation’s long-term vision and confidence in the relevance of ATR’s products to serve the regional aviation market. The agreement is further complemented by 24 purchase rights, extending until 2034. This order represents another significant development in the
