Air Transport

MALDIVIAN agreed to lease ex-Airhub A330-200 (1161) with CF6-80E1A3 from TrueNoord for delivery in Nov 2024.

AZORRA, FL closed $988m debt financing facility, which includes $750m revolving credit facility and $238m recourse debt financing to finance the expansion of its aircraft leasing portfolio of >100 aircraft and acquire additional aircraft.

PIEDMONT AIRLINES plans to pull two ERJ 145s per month out of storage from Marana, AZ through February 2025 to increase fleet to 70 aircraft, citing rebound of pilot hiring and capacity needs to support American Airlines network.

VIETNAM AIRLINES took delivery of new 787-10 (60296) with GEnx-1Bs on lease from Air Lease Corporation.

ROYAL JORDANIAN lost JD27m on JD338m revenues in 1H24 vs JD17m loss on JD348m in 1H23, in line with guidance.

LUFTHANSA SYSTEMS was selected by Ethiopian Airlines to provide SIRAX/Revenue Accounting finance solution along with SIRAX/ONE Order.

GX AIRLINES, China leased ex-Bamboo A320neo (9457) with LEAPs from CDB Aviation.

IBS SOFTWARE was selected by Singapore Airlines to co-develop digital shipment record solution to meet IATA's ONE Record standard.

ANA HOLDINGS had ¥24.7b net income on record ¥517b revenues for first quarter ended June 30 vs ¥30.6b on ¥461m a year ago; international pax revenue reached record ¥189.5b with plans to increase y-o-y capacity to Europe by 130%.

ATLAS AIR leased ex-AirBridge Cargo 747-8F (60119) with GEnx-2Bs from BOC Aviation.

ASL AIRLINES IRELAND is expected to acquire ex-Air Belgium A330-200F (1688) with Trents for operation for DHL.

GE AEROSPACE has 5-year agreement with Riyadh Air to provide suite of flight operations software: Safety Insight, Fuel Insight, and FlightPulse.

Raymond G. Bohn, President and Chief Executive Officer of NAV CANADA, announced retirement (effective October 31); successor is TBA.

AIR ASTANA agreed to lease seven new A321neo LRs from Air Lease Corporation for delivery starting in 2026.

CHORUS AVIATION agreed to sell its regional aircraft leasing business, including FALKO REGIONAL AIRCRAFT, to HPS INVESTMENT PARTNERS for C$1.9b (net proceeds of C$814m); deal is supported by Brookfield and Air Canada.

HAWAIIAN AIRLINES and ALASKA reached agreement with US DOJ to extend Review Period for merger to August 15.

JETBLUE AIRWAYS had $25m net income on $2.4b revenues in 2Q24 vs $138m on $2.6b in 2Q23, exceeding guidance.