SpeedNews

CATHAY completed buyback of all of warrants issued to HKSAR Govt in 2020 as part of its recapitalization for HK$1.5b.

BRUSSELS AIRLINES (Lufthansa Group) announced plan to add three A330s to fleet in coming years, increasing widebody fleet to 13 to reinforce its Sub-Saharan Africa network. It also plans to upgrade cabins (details TBA).

AIRBALTIC has 3-year wet-lease contract extension to operate scheduled flights for Lufthansa Group starting in summer 2205; deal calls for deployment of up to 21 A220s in summer and five in winter at various hubs in the Lufthansa network.

AVOLON agreed to acquire CASTLELAKE AVIATION and its $5b portfolio of 105 aircraft on lease, commitments for 13 new-technology aircraft, two engines on lease, and nine loans; portfolio is 68% narrowbody aircraft/70% new technology.

Helmut Wölfel to Commercial Director of SunExpress, Turkey.

Rafael Jiménez Hoyos to Chief Executive Officer of LEVEL, Spain (effective October 1).

TURKISH AIRLINES plans December 4 to begin four-times-weekly Istanbul-Kuala Lumpur-Sydney (A350-900).

AIR INDIA EXPRESS agreed to lease seven 737-8s from Jackson Square Aviation; no other details were provided.

BRITISH AIRWAYS is expanding its 2025 summer schedule to include all-time high >400 weekly transatlantic flights.

US DOT reports US airlines carried 89.7m pax (77.2m domestic/12.5m international) in June, up 6.7% vs June 2023.