SpeedNews

Steve Costley

IATA reports y-o-y global pax traffic rose 7.1% in September on 5.8% higher capacity; cargo rose 9.4%.

Air Transport

Steve Costley

Joanne O’Connor to Director-Asset Management of GOAL, Germany; Guilherme Guerra was named Director-Sales & Marketing.

Air Transport

Steve Costley

JD AIRLINES, China leased 737-800BCF (30697; ex-China Southern) from AerCap.

Air Transport

Steve Costley

FTAI AVIATION had $86.5m net profit on $466m revenues in 3Q24 vs $41.3m on $291m in 3Q23 (lease revenue +43%).

Air Transport

Steve Costley

RENEGADE AIR, Kenya leased ex-Ravn Alaska Dash 8-100 (392) from Avmax Aircraft Leasing.

Air Transport

Steve Costley

ALASKA AIR GROUP had $236m net income on $3.1b in 3Q24 vs $139m on $2.8b in 3Q23. It says Hawaiian's EBITDAR turned positive in 2Q24 and pretax results are expected to approach break even in 4Q24 with impact of A321 GTF engine-driven groundings fully resolved and majority of A330 Amazon freighter and 787 new fleet startup related costs completed.

Air Transport

Steve Costley

ALLEGIANT AIR lost $7m on $549.1m revenues in 3Q24 vs $5.8m profit on $565.4m in 3Q23 and now has 122 aircraft.

Air Transport

LAX

Steve Costley

LAX handled 6.2m pax in September, up 0.3% vs September 2023; international traffic was up 2.6%.

Air Transport

Steve Costley

RIYADH AIR (PIF), which plans mid-2025 startup, closed inaugural self-arranged Islamic Revolving Credit Facility for SAR 3b with eight banks: Arab National Bank, Al Rajhi Bank, Gulf International Bank, Emirates NBD, Riyad Bank, Banque Saudi Fransi, Saudi Awwal Bank and Saudi National Bank; facility includes a committed accordion option for SAR 2b.

Air Transport

DAE

Steve Costley

DAE had $162m net income on $337.9m revenues in 3Q24 vs $59.6m on $319m in 3Q23; it now has owned/managed/committed fleet of 500 aircraft vs 495 a year ago and $4b of available liquidity vs $4.1b on January 1.

Air Transport

Steve Costley

NETJETS and SIGNATURE AVIATION broke ground on FBO (terminal/service hub/two hangars) at Las Vegas for 2027.

Business Aviation

Steve Costley

QANTAS unveiled cabin refurbishment program for 10 A330-200s that includes new RECARO CL3810 economy class seats.

Air Transport

Steve Costley

AVIATION CAPITAL GROUP closed its inaugural ($550m) sustainability-linked loan from syndicate of lenders.

Air Transport

Steve Costley

SOUTHWEST AIRLINES plans June 5 to begin daily nonstop Ontario, CA-Baltimore/Washington International (737).

Air Transport

Steve Costley

RIYADH AIR ordered 60 A321neos on top of 72 787-9s ordered/optioned in 1Q23 in preparation for startup in 2025.

Air Transport

Steve Costley

QANTAS GROUP retired its last 717-200 (55194). It was operating 20, which now being replaced by 29 A220s.

Air Transport

Steve Costley

FALKO completed purchase of 11 E1-Jets (leased to LOT) from NAC as part of deal for 24 (18 now completed).

Air Transport

Steve Costley

AIR TRANSAT sold four spare GTFs to Rolls-Royce & Partners Finance Engine Leasing for $85m and leased them back.

Air Transport