Air France-KLM reports results for a third quarter marked by activity, including the announcement of plans to take a 20% stake in SAS Scandinavian Airlines.
Crossover jets may be becoming more popular among airlines, but there is one airport where almost the entire schedule is comprised of the small airliners.
Boeing is preaching calm as it works toward its middecade production and financial targets, but recent missteps underscore challenges of the next two years.
LUFTHANSA is restoring the A380 on Munich-Los Angeles/-Bangkok; aircraft carries 509 pax in four classes. It decided in 2022 to reactivate the A380 and now has four in service with remaining four due to enter service by end of 2025.
AIR FRANCE-KLM and APOLLO GLOBAL MANAGEMENT signed definitive agreement for quasi-equity financing of €1.3b, with potential upsize to €1.5b prior to closing; transaction will allow Air France-KLM to make an additional step towards its commitment to restore its IFRS equity and strengthen its balance sheet, in addition to net profit generation.
FTAI AVIATION had $33m net income on $291m revenues in 3Q23 vs $22.8m net loss on $230m in 3Q22. It says it closed on 23 engines/10 aircraft at attractive prices to help generate future growth in aviation leasing adjusted EBITDA.
CONDOR ordered three more A330-900s for delivery in 2026/2027 to increase its A330neo fleet to 21 aircraft. Deliveries of its initial order for 16 aircraft are scheduled to be completed in 1H24 to replace its 767s; final five are for growth.
GOL expanded its commerical partnership with Air France-KLM for another 10 years in which both parties will grant each other exclusivity of routes between Europe and Brazil; deal includes CFM56/LEAP maintenance by AFI KLM E&M.
AZORRA, FL signed six lease agreements (for five E195s and one E175) in 3Q23, when it delivered four aircraft (E195s). It ended quarter with fleet of 83 aircraft on lease to 28 operators in 22 countries, plus another 57 on order.
