DELTA AIR LINES posted $37m net income for 1Q24 (vs $363m loss in 1Q23) on 8% higher revenues and ended quarter with $7.4b in total liquidity. It is projecting record revenues and earnings for June quarter at high end of guidance.
AIP CAPITAL formally announced formation of PHOENIX AVIATION CAPITAL as new leasing firm with initial portfolio of new-gen aircraft, including 737 30 MAXs assumed from 777 Partners. Phoenix's owner has also acquired 49% of AIP.
AIR LEASE CORPORATION delivered 14 new aircraft (two A220s/A320neo/six A321neos/A350/four 737-8s) in 1Q24 vs 22 in 1Q23; it sold five aircraft. It ended quarter with owned/managed/committed fleet of 865 aircraft vs 899 a year ago.
DE HAVILLAND CANADA purchased 19 Dash 8-400s from Ireland's Formidion Aviation and will remarket aircraft (several already committed), which are being inducted into maintenance to be reconfigured and prepared for return to service.
