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DAILY AVIATION NEWS ALERT

April 25th, 2024
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Turkish Airlines will receive six Boeing 737 MAX 8 aircraft from CDB Aviation © AirTeamImages

CDB Aviation inks lease deals for seven aircraft with Turkish Airlines

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), has signed new lease agreements for a fleet of an additional seven narrow-body and wide-body aircraft with its existing customer, Turkish Airlines (Turkish), the flag carrier of Türkiye. Under the new agreements, one used Airbus A330-343 will be delivered in May 2024 to support the …
IBA predicts that the engine CFM56-7B is seeing the highest market value change with an increase of around 20% from 2023 to 2024

IBA says it's a "lessors' market"

Aviation market intelligence and advisory company IBA has revealed that with rising engine lease rates and market values showing double-digit growth, the engine sector is now a “lessors’ market”. The latest IBA analysis shows that engine leasing activity has grown significantly with operators now favouring lease extensions to secure lift. In its recent webinar on the engine market, experts from …
Condor took delivery of its first A320neo at a ceremony in Toulouse, France © Airbus

Condor welcomes first Airbus A320neo to fleet

Condor, a German leisure airline, has received its inaugural Airbus A320neo on lease from Avolon following a ceremony in Toulouse. This milestone marks the airline's ongoing fleet modernisation, which already features the A330neo for long-haul routes. By utilising aircraft from the A320 and A330neo families, Condor aims to maximise the benefits of commonality between these two aircraft types. For over …
IAG Cargo has transitioned its 160-strong ground vehicle fleet at London Heathrow from Diesel to hydrotreated vegetable oil (HVO) © IAG Cargo

IAG Cargo converts ground vehicle fleet at Heathrow to HVO

IAG Cargo, the cargo arm of International Airlines Group (IAG), has successfully transitioned its 160-strong ground vehicle fleet at London Heathrow from Diesel to hydrotreated vegetable oil (HVO). HVO, derived from plant waste and fully renewable materials, serves as a seamless replacement for White Diesel, significantly impacting net carbon emissions. For IAG Cargo, the shift to HVO promises to slash …
AJW has acquired one B787-900 Dreamliner © AJW Group

AJW acquires B787-900 aircraft

In a new development, AJW Group, a globally renowned independent provider of aircraft component parts, repair, and supply chain solutions, has announced the acquisition of a Boeing 787-900 Dreamliner. AJW Group solidifies its position with the acquisition of the Boeing 787-900, MSN 37109, which has recently arrived at Cotswold Airport, United Kingdom. The aircraft, equipped with GEnx-1B engines, boasts exceptionally …
Boeing has posted a first-quarter loss of US$355 million

Boeing reports US$355 million loss amid quality crisis

Boeing, on April 24, disclosed a US$355 million loss for the initial three months of the year, grappling with a quality dilemma stemming from a January 5, flight where a panel detached from one of its aircraft. The reported loss, though significant, was less severe than analysts' projections, and notably smaller than the US$425 million loss in the corresponding quarter …

Robinson Helicopter Company acquires Ascent AeroSystems

RTX reports strong first-quarter sales growth

JetBlue reveals US$716 million first-quarter loss amid revenue dip

Boeing to provide Spirit AeroSystems with US$425 million advance payments

HAECO and Fokker Services America ink component service support agreement

ANA and Air India launch codeshare partnership

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