PR: Air Lease (NYSE: AL) (“Air Lease”) announced today that it has entered into a definitive agreement to be acquired by a new holding company based in Dublin, Ireland, whose shares are held by Sumitomo Corporation, SMBC Aviation Capital Limited,…
Aircraft lessors worldwide breathed a sigh of relief this week as India’s aviation minister, Ram Mohan Naidu, assured Parliament that lessors’ rights—much like homeowners’ rights—take precedence over those of bankrupt tenants. This declaration paved the way for approving a bill…
The Delhi-based low-cost airline SpiceJet is to get an infusion of Rs2.94 billion. The airline’s promoter and founder, Ajay Singh, will infuse the funds into the airline through a promoter company, Spice Healthcare Private Limited, by converting 131.4 million warrants…
The Directorate General of Civil Aviation (DGCA), the Indian aviation watchdog, is to streamline regulations for Indian airlines to wet lease aircraft to boost their operations. The new streamlined rules will entail enhanced oversight of the leased aircraft. There are…
Air Lease reported 4Q23 EPS of $1.89, +68% above the consensus of $1.12. “Fourth quarter and full-year performance at ALC was very strong. With the exception of the benefit of tax reform in 2017, we achieved record revenues and profits…
Avolon released its Avolon Outlook Paper 2024_New Horizons_FINAL for 2024. The lessor’s key points are: More people to fly in 2024 than ever before as passenger revenue set to rise to US$717 billion India, Saudi Arabia, and the UAE are…