- Latest Edition (April 18th): Lessor says "best first quarter since 2020"
- April 4th edition: Capital markets back aircraft leasing
- March 21st edition: Leasing companies report record results; look ahead with confidence
- March 7th edition: Good conditions will "persist for many years" - Kelly
- February 22nd edition: Big widebody orders in Singapore
- February 8th edition: Bright opportunities pull in new investors
Aircraft Leasing Lessors report brisk first quarter activity
Leasing Business CDB Aviation sets new goals, shakes-up managementSignificant changes are taking place at CDB Aviation, where a number of senior executive positions are being eliminated to achieve ‘real efficiency gains … better aligning our company structure to our strategic goals.’ The China Development Bank Financial Leasing subsidiary says it ‘has set challenging goals for 2024 onwards around becoming more customer centric, bolstering our core leasing business, improving our global presence and growing our fleet’. Airline Business United turns to lessors for more A321neosUnited Airlines has signed LoIs with two lessors to acquire 35 new Airbus A321neos commencing 2026. The move is consistent with its previously announced plans to drop the yet-to-be-certified Boeing 737 Max 10 from its fleet plans. United has not named the lessors involved. Developments Brookfield may buy Castlelake; DAE $750m term loan;Brookfield may buy Castlelake; DAE $750m term loan; CALC places Dreamliners; AerCap leases three A320s to Amelia; AerCap note exchange offer; FG Aviation acquires planes from Crestone; Formidion sells aircraft to De Havilland; MONTE to provide leasing for Natilus; Spirit defers deliveries to conserve cash; Abelo leases to Olympic Air; First E-jet conversion takes flight; Launch customer orders four A350Fs; Norse Atlantic secures ‘liquidity buffer’; SA, Estonian privatisations collapse; Azorra leases E190-E2 to Scoot; Slattery to leave GE Aerospace; Embargo busters plead guilty; SAEL deals with Indigo, Breeze |
In this issue In this issueThe continued buoyancy of the aviation financing sector is reflected, once again, in positive reports of Q1 activity by more industry leaders. This time Air Lease Corporation, Avolon and BOC Aviation all report heightened activity. Air Lease Corporation invested approximately $900 million in new aircraft, Avolon executed 39 lease transactions comprising new aircraft leases, follow-on leases and lease extensions and BOC Aviation CEO and MD Steven Townend said his company has enjoyed its best first quarter since 2020. Airline Business Airbus orders still outpace Boeing’sAirbus continues to eclipse Boeing in terms of orders and deliveries, with the former landing net orders for 170 aircraft in the first three months this year compared to Boeing’s 131 net orders, albeit improvement on the 120 recorded in the first quarter of 2023. Meanwhile the search is underway for a new leader for Boeing. Leasing Business AIP Capital forms Phoenix Aviation Capital
Aircraft Manufacturing Airbus expects surge in NA services, Latin American planesAirbus is predicting that North America’s commercial aircraft services market will grow by 45 per cent between now and 2042. It also foresees a near doubling in the anticipated fleet in Latin America and the Caribbean over the same time period. |
Air Lease Corporation, Avolon and BOC Aviation are the latest lessors to report strong starts to the year. ALC notes that the majority of the $900 million investment in new aircraft occurred in the second half of the quarter, while BOC Aviation CEO and MD Steven Townend said his company had enjoyed its best first quarter since 2020.
AIP Capital, a global aviation asset management and investment firm, has announced the formation of Phoenix Aviation Capital as a full-service aircraft lessor focused on financing modern, in-demand aircraft across the globe. The announcement follows a change in the minority shareholding of AIP along with the novation of an orderbook of 30 Boeing 737 MAX aircraft.