Lessor Dubai Aerospace Enterprise (DAE) is acquiring 64 Boeing MAX aircraft from fellow lessor China Aircraft Leasing Corporation (CALC) holdings. The aircraft are all in CALC’s unfilled orders backlog with Boeing, with deliveries scheduled through 2026. The portfolio includes 66 MAX 8, -9,…
Embraer has reported improved results for the second quarter and first six months of 2023 but was still loss-making. The consolidated net loss attributable to shareholders for Q2 was $-18.8 million compared to $-146.4 million last year. Without extraordinary effects,…
Philippine Airlines (PAL) will continue to invest in renewing the fleet and service, now that the financial results are improving. The better results enable the airline “build a better, stronger and more agile Philippine Airlines that creates greater value for…
Mixed fortunes on the Arabian peninsula: whereas loss-making Oman Air announced a deep restructuring this week, Sharjah-based Air Arabia Group reported a record profit for Q2 on August 11. While this includes a one-off benefit, demand in the region has been…
Not just Americans are going abroad this summer, so do Canadians. Air Canada reported revenue growth for Q2 of 36 percent compared to last year, of which seventy percent has come from the international network. Air Canada Vacations saw high demand…
Israel’s national carrier El Al is in serious negotiations with Airbus about a potential order for thirty A321neo aircraft, Reuters reported on Thursday. The airline issued a request for proposals to both Boeing and Airbus for the renewal of its narrowbody…