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Aircastle eyes only limited freighter conversions

Lessor Aircastle is looking at converting four of its Boeing 737-800s and a couple of Airbus A330s into full freighters but it has no intention to return big-size to the freighter market, it said during its third-quarter FY21 results presentation on January 13....

AMCK cites risks as reason for exiting leasing market

Another aircraft lessor has been affected by the impact of the pandemic. Dublin-based lessor AMCK is selling its existing and future aircraft portfolio of 148 aircraft for $4.2 billion to Carlyle Aviation Partners, it announced on December 23. AMCK cites risks as...

Deferred payments push ALAFCO losses up

The Covid-crisis has forced Kuwaiti lessor ALAFCO to enter rent deferral agreements with eight of its 23 customer airlines, it says in its recently published report on FY21. Lease revenues were down by thirteen percent to KD 15.5 million and pushed losses up to KD...

Will GE Aviation and lose a large arrow from its quiver?

Reports this weekend indicate that GE may merge its aircraft leasing unit with AerCap, as GE continues its corporate restructuring. That would create an extremely large and powerful aircraft lessor, but GE’s aircraft engine operations might lose the benefit of GECAS...