AVOLON had $107m net profit on $621m lease revenue in 1Q24 vs $56m on $599m in 1Q23. It ended the quarter with owned/managed/committed fleet of 1,033 aircraft on lease to 145 airlines in 64 countries and $6.6b of liquidity.
AIR CANADA had $81m net loss on $5.2b revenues in 1Q24 vs $4m profit on $4.9b in 1Q23. It says it is in process of arranging lease agreements for some additional 737-8s for delivery in 2024 to enter service in 2025 after reconfiguration.
AVELO AIRLINES opened its sixth aircraft base at Sonoma County, CA, launching new service to Salem, OR; Boise, ID; Pasco, WA; and Kalispell, MT. It currently operates fleet of 16 737NGs and currently serves 52 destinations in US/Puerto Rico.
Lufthansa is anticipating further delays of its first Boeing 777-9 deliveries and now does not expect the first one to come until 2026, CEO Jens Ritter said.
IndiGo's A350 order highlights how Boeing is slipping behind in the region that holds the greatest potential for commercial aviation in the coming decades.
Regional aircraft OEM ATR has received an order for 10 ATR 72-600 turboprops from Avation, a lessor based in Singapore, for deliveries between 2025-28.