SpeedNews

FTAI AVIATION had $33m net income on $291m revenues in 3Q23 vs $22.8m net loss on $230m in 3Q22. It says it closed on 23 engines/10 aircraft at attractive prices to help generate future growth in aviation leasing adjusted EBITDA.

Air Transport

UNITED AIRLINES plans May 24 to begin four-times-weekly Newark-Faro, Portugal (757-200).

Air Transport

AVIAIR leased ex-airBaltic Dash 8-400 (4331) from Nordic Aviation Capital for operation for NEXUS AIRLINES.

Air Transport

CONDOR ordered three more A330-900s for delivery in 2026/2027 to increase its A330neo fleet to 21 aircraft. Deliveries of its initial order for 16 aircraft are scheduled to be completed in 1H24 to replace its 767s; final five are for growth.

Air Transport

PAL AIRLINES, Canada leased ex-Flybe Dash 8-400 (4214) from Nordic Aviation Capital.

Air Transport

GOL

GOL expanded its commerical partnership with Air France-KLM for another 10 years in which both parties will grant each other exclusivity of routes between Europe and Brazil; deal includes CFM56/LEAP maintenance by AFI KLM E&M.

Air Transport

FRONTIER AIRLINES had $32m net loss on $883m revenues in 3Q23 vs $31m profit on $906m in 3Q22; capacity rose 21%.

Air Transport

LUFTHANSA SYSTEMS successfully migrated Cathay Pacific’s operation critical systems to Global Aviation Cloud (GAC), including NetLine products.

Air Transport

ETIHAD AIRWAYS plans May 1 to begin daily Abu Dhabi-Nairobi, Kenya (A320).

Air Transport

AZORRA, FL signed six lease agreements (for five E195s and one E175) in 3Q23, when it delivered four aircraft (E195s). It ended quarter with fleet of 83 aircraft on lease to 28 operators in 22 countries, plus another 57 on order.

Air Transport

RWANDAIR, Kigali leased ex-Oman Air 737-800 (29664) from BBAM. It now has seven 737NGs.

Air Transport

GENESIS took minority stake in Lithuania's HESTON AIRLINES, which has 15 aircraft (five leased from Genesis).

Air Transport