Dubai Aerospace Enterprise, launched 20 years ago with diverse goals, now focuses on aircraft leasing and MRO, but it might revisit its wider original vision.
Steven Udvar-Házy, famous for creating aircraft leasing, has made important moves at the right time twice. In selling ALC, he may have the timing right again.
We will only know in hindsight, but it is very possible that Steven Udvar-Házy has been smarter than everyone else again by selling Air Lease Corporation now.
Omani LCC SalamAir has added its 15th aircraft, an Airbus A321neo leased from SMBC Aviation Capital, marking progress toward its goal of reaching 25 aircraft.
A group of investors around SMBC Aviation Capital and its parent company agreed to buy Air Lease Corporation, closing in on leasing industry leader AerCap.
WestJet appears to have secured deals for all nine 737-8 narrowbodies operated by rival Lynx Air when it ceased operations and went out of business in February.
Pratt says SMBC Aviation Capital—one of the largest lessors for GTF-powered Airbus A320neo-family aircraft—has exercised options for a further 22 firm orders.
The largest aircraft lessors could receive more than $2B by 2025 as insurance settlements from lost business and assets in Russia pay out faster than expected.