AerCap

New MRO facilities and joint ventures are highlights of this month’s News Briefs and Contracts.

The aircraft leasing industry rescued airlines during the pandemic. Now lessors are rewarded through high lease rates and fast-improving profits.

The largest aircraft lessors could receive more than $2B by 2025 as insurance settlements from lost business and assets in Russia pay out faster than expected.

Airlines including Cebu Pacific, Malaysia Airlines, Thai Airways and Cathay Pacific are planning to place major orders.

Despite Spirit's reliance on leased aircraft, lessor specific exposure to the financially distressed airline is not large enough to raise any red flags.

Two years into its full-scale war with Ukraine, Russia’s airlines face increasing constraints in operating Western-made aircraft.

AerCap CEO Aengus Kelly has rung the alarm bell on behalf of the Boeing 737 MAX customer base, which 2023 order numbers show is falling further behind Airbus.

The outlook for aircraft lessors in 2024 is sanguine thanks to industry tailwinds such as improving lease pricing.

In 2023 Russia’s airlines expanded their fleets suitable for restricted international operations, which became the main driver for passenger traffic growth.

Several lessors have received recent payouts from Russian insurance company NSK, covering aircraft stranded in Russia.

Aviation Week's managing editor for MRO, Lindsay Bjerregaard, steps onboard the "Big Twin" to discuss the Boeing 777-300ERSF cargo conversion.

GE took a 46% stake in AerCap as part of the latter’s acquisition of GE Capital Aviation Services (GECAS), which was completed in November 2021.

Turkish Airlines Chairman Ahmet Bolat updates Aviation Daily on the status of the flag-carrier's big order.

Domestic growth and overseas investment are stimulating Ireland’s MRO ecosystem.

Economic factors have caused airlines to displace other lessors as the main buyers of used aircraft.

As airlines scramble for capacity, lessors enjoy much higher rates and predict the good times are here to stay.

At the end of the second quarter, LATAM’s fleet plan for 2023 included 223 Airbus A320ceo-family aircraft and 31 A320neo-family aircraft.

The leasing giant’s CEO cites engine OEM reluctance to lose out on valuable maintenance revenues as a factor.

Aeroflot Group has settled a dispute with Ireland-based lessor AerCap regarding 18 aircraft and five engines.

AerCap Holdings N.V. (AerCap) sees no signs of weakening demand.

Supply chain problems and delayed deliveries from aircraft OEMs are pushing carriers to turn elsewhere to secure sufficient capacity for long-term demand.

Airlines are currently AerCap’s biggest buyer of older airplanes, as they strive to secure enough capacity for long-term demand amid OEM production constraints.

Without the support of lessors during the pandemic, many airlines would not be around anymore. But as the industry rebounds, lessors hope for better returns.

The company has benefited from supply chain challenges that have held back deliveries of new narrowbody aircraft.

The lessor expects issues affecting aircraft production to persist for several years, resulting in strong demand and upward pressure on lease rates and values.