BOC AVIATION executed 124 aircraft transactions (62 lease commitments/41 purchase commitments) in 3Q23 vs 44 (27/9) in 3Q22. It now has owned/managed/committed fleet of 681 aircraft (413 owned) vs 612 (395) a year ago.
AIRCASTLE had $5.5m net profit on $168m revenues in second quarter ended Aug 31 vs $8.7m loss on $174m a year ago; it has $2.8b in liquidity and owns 239 aircraft (201 unencumbered, net book value of $5.2b) vs 243 (212) a year ago.
AIR INDIA agreed to lease nine new LEAP-powered A320neos from CALC for delivery through end of 2024; first (11705) was delivered. It also took delivery of ex-Etihad 777-300ER (39690) on lease from Altavair as part of deal for six.
The ruling by India’s Ministry of Corporate Affairs (MCA) reinforces the ability of lessors to reclaim their aircraft when an airline declares insolvency.