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DAILY AVIATION NEWS ALERT

April 5th, 2024
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Avolon and Cebu Pacific have finalised an agreement for the sale-and-leaseback of four Airbus A330neo aircraft © Avolon

Avolon, Cebu Pacific sign sale-and-leaseback deal for A330neos

Aviation finance powerhouse Avolon has finalised an agreement with Cebu Pacific, the renowned low-cost carrier from the Philippines, for the sale-and-leaseback of four brand-new Airbus A330neo aircraft. The delivery schedule spans from late 2024 to 2026, with the first aircraft set for arrival later this year. These cutting-edge aircraft will play a pivotal role in supporting Cebu Pacific's expansion efforts …
Yasuyuki Kusakari

Yasuyuki Kusakari appointed as Chairman of Jackson Square Aviation (JSA)

Jackson Square Aviation (JSA) has announced the appointment of Yasuyuki Kusakari as the new Chairman of the aircraft leasing company, effective April 1, 2024. Kusakari will succeed Osamu Muramoto, who has served as Chairman of JSA since June 1, 2019. Muramoto, currently the Managing Executive Officer and Head of Aviation Business Division at Mitsubishi HC Capital Inc., will transition to …
IATA revealed that international passenger demand experienced a substantial 26.3% growth in February 2024 © Shutterstock

IATA report reveals February 2024 global passenger trends

The latest data released by the International Air Transport Association (IATA) unveils key insights into global passenger demand for February 2024: Total Demand: Revenue passenger kilometres (RPKs) surged by 21.5% compared to February 2023, while available seat kilometres (ASK) increased by 18.7% year-on-year. The load factor for February reached 80.6%, marking a 1.9 percentage points increase from the same period …
AerCap

AerCap's first quarter 2024: leases, purchases, sales and more

AerCap Holdings has provided an extensive overview of its business activities during the initial quarter of 2024. Throughout this period, the company has been actively involved in various significant transactions across its diverse portfolio. The company inked a total of 82 lease agreements, encompassing a wide array of aviation assets. These agreements included leases for six wide-body aircraft, 40 narrow-body …
Finnair

Finnair posts traffic performance for March 2024

In March 2024, Finnair carried 918,900 passengers, this was 3.6% less than in at the same time the previous year, while overall capacity, measured in available seat kilometres (ASK), increased by 3.9% year-on-year. If wet lease outs are included, capacity increased by 2.8%. Finnair's traffic, measured in revenue passenger kilometres (RPKs), increased by 0.3%. Passenger load factor (PLF) declined by …
AAR has signed a multi-year commercial distribution agreement with TRIUMPH © AAR

AAR and TRIUMPH forge exclusive distribution deal

AAR Corp. and TRIUMPH have inked an exclusive, multi-year commercial distribution agreement, set to commence in January 2026. Under this partnership, AAR will be the sole distributor of TRIUMPH’s extensive commercial actuation product line, featuring over 100 top-level assemblies and their subcomponents for Boeing and Airbus commercial platforms. Leveraging its global distribution network, AAR will cater to commercial airlines and …
AerFin has opened a new 35,000 ft² facility close to Miami International Airport, Florida © Shutterstock

AerFin unveils new 35,000 ft² facility near Miami International Airport

AerFin has inaugurated a state-of-the-art facility spanning 35,000 ft² close to Miami International Airport, Florida. This new 24/7 AOG and top-tier engine storage facility will boast an extensive inventory tailored to meet the fast-moving part requirements for E-Jets, Airbus and Boeing platforms, along with materials for CF34, CFM56, and V2500 engines. Moreover, AerFin has significantly bolstered its sales team, with …

VAS Aero Services and Dr. Peters Group expand aircraft teardown partnership

Avia Solutions Group launches Pilot Runway programme

Saab’s CFO and Deputy CEO Christian Luiga to leave the company

Safran Helicopter Engines extends support for Royal Navy's Merlin fleet

Saab secures SEK 390 million order for additional LITENING 5 target designator pods

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