Aircraft Engine Lease Finance (AELF), a commercial aircraft lessor based in Chicago, has finalised a US$31 million loan agreement with Absa Bank Group of South Africa. The loan is secured against an Airbus A330-300 currently on lease to South African Airways (SAA), which AELF recently acquired from a consortium of major international lenders, including Deutsche
Volato Group, Inc., a technology-focused private aviation company, has completed the sale of its subsidiary GC Aviation, Inc. for US$2 million in cash. The deal included the transfer of GC Aviation’s FAA Part 135 air carrier certificate, which had previously enabled Volato’s managed aircraft operations. This move is part of the company’s broader strategy to
AerCap Holdings N.V. has released a detailed update on its business performance for the second quarter of 2025, reflecting robust activity across its leasing, purchasing, sales, and financing operations. During the quarter, AerCap signed 71 lease agreements across a diverse range of assets, including eight wide-body aircraft, 32 narrow-body aircraft, 13 engines and 18 helicopters.
Air France-KLM has announced it will initiate proceedings to acquire a majority stake in Scandinavian carrier SAS, aiming to increase its current 19.9% holding to 60.5%. The Group’s planned acquisition involves purchasing the stakes held by Castlelake and Lind Invest. This move builds on the commercial cooperation introduced in summer 2024, which saw SAS join
airBaltic has released preliminary results for the second quarter (Q2) of 2025, showing steady year-on-year growth across key operational areas and confirming a positive outlook for the third quarter. Passenger numbers in Q2 are expected to rise by 6% to 7.5% compared to the same period in 2024. This includes April and May figures of
JetBlue Airways’ second-largest investor, Vladimir Galkin, is considering selling his nearly 10% stake in the airline if its turnaround efforts fail to deliver results, Reuters reports. Galkin, who gained notoriety from the 2021 Gamestop “meme stock” rally, has invested over US$200 million in JetBlue since early 2024. He currently holds around 35 million shares, valued
International Aerospace Coatings (IAC), a provider of aircraft painting and aviation services, has announced the completion of a strategic financing, including its inaugural issuance of 4(a)2 private placement notes with an investment grade rating. The financing raised over US$240 million from leading infrastructure lenders, with proceeds used to refinance IAC’s existing credit facilities and support
Broward Aviation Services Group (BASG) has announced its acquisition of Support Air, Inc., a well-established service company and aircraft material provider based near Dayton, Ohio. The move marks a significant step in BASG’s strategy to expand its presence in the aviation used serviceable material (USM) aftermarket sector. Founded in 1996, Support Air has built a
Eaton has signed an agreement to acquire Ultra PCS Limited from the Cobham Ultra Group in a US$1.55 billion deal aimed at boosting its aerospace offering. Ultra PCS, based in Cheltenham with operations in the UK and US, develops technology for electronic controls, sensing, data processing, and stores ejection — all used in mission and
Archer Aviation (Archer) has successfully raised an additional US$850 million through a direct share offering, following the announcement of a new Executive Order by President Trump. The order sets in motion an eVTOL (electric vertical take-off and landing) Integration Pilot program aimed at fast-tracking the deployment of advanced air mobility solutions across the United States.
