Lessor AerCap has taken a $2.4 billion net charge on aircraft that are still in Russia and Ukraine since February, it said on May 17. The charge is for 113 aircraft and eleven engines that are unlikely to be repossessed. AerCap…
Wizz Air plans to launch operations in October with a new subsidiary based in Malta. The launch date is subject to regulatory approval from the Maltese Civil Aviation Directorate (CAD) and Europe’s EASA. Wizz Air plans to launch Maltese subsidiary…
Another interesting consolidation is happening in the leasing world: SMBC Aviation Capital is acquiring Goshawk Aviation. Japanese-owned SMBC is paying $6.7 billion for its former competitor from Hong Kong and will become the second-largest lessor in the world, behind the AerCap/GECAS…
UPDATE – JetBlue has made a new offer directly to the shareholders of Spirit Airlines and has called on them to vote against the proposed agreement with Frontier Airlines. Through its wholly-owned subsidiary Sundown Acquisition Corp, JetBlue has submitted an all-cash,…
UPDATE – The recovery of air travel remains so fragile and financial headwinds are so strong that Ryanair only can say that it hopes to return to “reasonable profitability” in the current FY23. Close-in bookings, low fares, high fuel prices,…
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