Seeing potential for growth in the region’s air transport sector, Tony Fernandes called for economic integration in the Association of Southeast Asia Nations.
Reno-Tahoe International Airport has agreed a public-private partnership to build a new $299 million ground transportation center to house rental car companies.
AIR LEASE CORPORATION had $97.4m net income on $663.3m revenues in 1Q24 vs $118.3m on $636.1m in 1Q23. It took delivery of 14 aircraft ($900m in aircraft investments), ending quarter with 472 owned aircraft and $31b in total assets.
SPIRIT AIRLINES had $142.6m net loss on $1.27b revenues in 1Q24 vs $103.9m loss on $1.35b in 1Q23. It estimates AOG credits to be issued by Pratt & Whitney for AOG aircraft (averaging 25 through year) in 2024 will be $150m-$200m.
FLAIR AIRLINES, Canada announced an affiliate of its largest senior lender is acquiring a portion of the shares owned by 777 Partners and providing new non-binding debt funding. It currently has 20 737s and plans to serve >35 cities.
AIRCRAFT ENGINE LEASE FINANCE (AELF), Chicago secured $40m credit facility with Merchants Bank (using 10 A330-200s on lease to Air Transat as collateral) to expand its 737-800 portfolio to take advantage of market opportunites.
