An agreement to launch commercial air taxi services in Dubai in the 2025-2026 timeframe would make the emirate one of the first active UAM markets in the world.
LYNX AIR, Canada suspended operations on Feb 26 due to compounding financial pressures associated with inflation, fuel costs, exchange rates, cost of capital, regulatory costs and competitive tensions. It was operating nine 737 MAXs.
AERCAP had $3.1b net income on 7.7b revenues in 2023 vs $721m net loss on $7b in 2022 and says it has recovered $1.3b in cash insurance settlement proceeds from Ukraine conflict to date. It has 3,452 aircraft, engines and helicopters.
CHORUS AVIATION had C$106.1m net income on C$1.7b revenues in 2023 vs $51.9m on C$1.6b in '22. FALKO REGIONAL AIRCRAFT concluded 57 aircraft transactions, including new leases, lease extensions, SLBs and aircraft purchases.
The request for 20 additional Airbus A220-300s is meant to fill the gap before its next batch of ordered A220s become available for delivery at the end of 2026.
