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Mexican flag carrier Aeromexico Group has secured a $200 million three-year revolving syndicated credit facility with BBVA Mexico. The loan will be used for day-to-day operations and to free up profits for new investments and pursuing the carrier's business plan. BBVA Mexico acted as the sole global coordinator, sole bookrunner, and agent bank for the loan. Aeromexico currently operates a fleet of over 150 Boeing and Embraer aircraft and reported a net income of $242 million for the three months ended June 2024. The carrier plans to lease at least 32 new aircraft between 2023 and 2025. [Extracted from the article]

Air New Zealand has reported a decline in earnings for the 2024 financial year compared to the previous year. The airline cited various factors for the decrease, including a tougher economic environment in New Zealand, maintenance issues with aircraft engines, increased competition from US carriers, and high inflation. Despite these challenges, Air New Zealand remains committed to investing in the future, with plans for aircraft-related capital expenditure and a retrofit program for existing aircraft. The airline expects the current economic and operating conditions to continue into the first half of the 2025 financial year. [Extracted from the article]

Air New Zealand has reported a decline in earnings for the 2024 financial year compared to the previous year. The airline cited various factors for the decrease, including a tougher economic environment in New Zealand, maintenance issues with aircraft engines, increased competition from US carriers, and high inflation. Despite these challenges, Air New Zealand remains committed to investing in the future, with plans for aircraft-related capital expenditure and a retrofit program for existing aircraft. The airline expects the current economic and operating conditions to continue into the first half of the 2025 financial year. [Extracted from the article]

Avianca Holdings, a Colombia-based airline, focused on stabilizing its leverage ratio by making debt and lease liability repayments during the second quarter of 2024. The carrier had a cash balance of $928 million at the end of June, with a capital expenditure of $75 million for the quarter. Avianca's EBITDAR for the June quarter was $221 million, resulting in a net loss of just under $63 million. The company aims to achieve a low-twos leverage ratio to improve its financial performance. [Extracted from the article]

Avianca Holdings, a Colombia-based airline, focused on stabilizing its leverage ratio by making debt and lease liability repayments during the second quarter of 2024. The carrier had a cash balance of $928 million at the end of June, with a capital expenditure of $75 million for the quarter. Avianca's EBITDAR for the June quarter was $221 million, resulting in a net loss of just under $63 million. The company aims to achieve a low-twos leverage ratio to improve its financial performance. [Extracted from the article]

Korean Air has reported a decrease in its second-quarter operating profit, despite recording record revenues. The operating profit for the three months to June 2024 was KRW413 billion ($298 million), down 11.7% from the previous year. Revenues increased by 14% to KRW4 trillion, with passenger travel revenue increasing by 10% and cargo revenues up by 14%. The increase in revenues was attributed to the airline expanding capacity, particularly in China. However, costs also increased by 18%, mainly due to higher fuel costs. The airline still made a net profit of KRW349 billion, although it was 6.1% lower than the previous year. Liabilities increased by 7.2% due to new aircraft arrivals. Korean Air took delivery of five aircraft in the first half of the year and agreed to take 10 more 787-10s in the ongoing third quarter. The airline also announced its intent to purchase up to 50 Boeing widebody aircraft. Korean Air expects strong demand to continue in the third and fourth quarters, particularly during the Korean thanksgiving holidays in September. [Extracted from the article]

Singapore-based lessor BOC Aviation has denied that it is obligated to return fees paid by Spanish carrier Air Europa for undelivered Boeing 787-9s. In 2018, Air Europa and BOC Aviation entered into a financing and lease transaction for four aircraft, with BOC Aviation assuming the obligation to purchase the aircraft and covering 100% of the pre-delivery payments (PDP). Air Europa later refused to continue paying commitment fees, leading BOC Aviation to terminate the lease agreements. BOC Aviation argues that the payment obligations were originally Air Europa's and that the structure of the deal allowed the airline to benefit from BOC Aviation's capital. [Extracted from the article]

Korean Air has reported a decrease in its second-quarter operating profit, despite recording record revenues. The operating profit for the three months to June 2024 was KRW413 billion ($298 million), down 11.7% from the previous year. Revenues increased by 14% to KRW4 trillion, with passenger travel revenue increasing by 10% and cargo revenues up by 14%. The increase in revenues was attributed to the airline expanding capacity, particularly in China. However, costs also increased by 18%, mainly due to higher fuel costs. The airline still made a net profit of KRW349 billion, although it was 6.1% lower than the previous year. Liabilities increased by 7.2% due to new aircraft arrivals. Korean Air took delivery of five aircraft in the first half of the year and agreed to take 10 more 787-10s in the ongoing third quarter. The airline also announced its intent to purchase up to 50 Boeing widebody aircraft. Korean Air expects strong demand to continue in the third and fourth quarters, particularly during the Korean thanksgiving holidays in September. [Extracted from the article]

Singapore-based lessor BOC Aviation has denied that it is obligated to return fees paid by Spanish carrier Air Europa for undelivered Boeing 787-9s. In 2018, Air Europa and BOC Aviation entered into a financing and lease transaction for four new aircraft. BOC Aviation covered 100% of the pre-delivery payments (PDP) for the aircraft, and in exchange, Air Europa paid a commitment fee. Air Europa later refused to continue paying the commitment fees, leading BOC Aviation to terminate the lease agreements. BOC Aviation argues that the payment obligations were originally Air Europa's and that the structure of the deal allowed Air Europa to benefit from BOC Aviation's capital. [Extracted from the article]

China Airlines, the Taiwanese flag carrier, has extended the leases of all 10 of its Boeing 777-300ER aircraft for up to four years into the 2030s. The extensions have a book value of approximately $240 million. China Airlines currently operates a fleet of 83 passenger and freighter aircraft and has 40 new-technology aircraft on order, including 24 787s from Boeing. In addition, the airline is disposing of up to NT$1.5 billion ($47 million) in shares in its low-cost subsidiary, Tigerair Taiwan, which recorded a net profit of NT$1.8 billion ($57 million) in 2023. [Extracted from the article]

In May, Boeing delivered a total of 22 commercial aircraft, including 19 737 Maxs, two 787-9s, and one 767-300 freighter. This is a decrease from the 50 deliveries made in May of the previous year and falls below the current rate of 38 deliveries imposed by the US FAA. Five of the deliveries were made by lessors, including Air Lease, BOC Aviation, DAE Capital, and ICBC Leasing. Ryanair and Alaska Air received four and three 737 Max aircraft, respectively. So far this year, Boeing has delivered 107 aircraft, compared to 206 at the same time last year. In terms of sales, Boeing did not receive any new orders for the 737 Max in May, with only three net sales for the month. This is the second consecutive month with no new 737 Max orders for the company. [Extracted from the article]

China Southern Airlines has significantly reduced its finance lease exposure over the past year, going from holding 276 aircraft on finance leases to just over 230 currently. Instead, the airline has been acquiring more aircraft and expanding its operating lease deals. China Southern now has a fleet of 911 aircraft, up from 889 a year ago, with just under 120 A319neo, A320neo, and A321neo aircraft in its operating fleet. The airline has been disposing of older aircraft and replacing them with newer technology planes, such as a recently delivered Boeing 787-9. In April, China Southern added two A321neos and a 737 Max 8 to its fleet, while overall passenger capacity increased by 9.52% compared to the same period last year, with significant growth on regional and international routes. [Extracted from the article]

China Southern Airlines has accepted a second Airbus A321neo on lease from China Aircraft Leasing (CALC), completing a two-aircraft mandate. The airline currently operates a large fleet of A319neo, A320neo, and A321neo aircraft, with approximately 50 owned by China Southern and the rest on lease. CALC has helped China Southern with fleet management and aftermarket solutions, acquiring older aircraft from the airline in exchange for future Neo deliveries. CALC currently has over 60 Neo aircraft in its portfolio, with the largest exposure being against China Eastern Airlines and Air India. [Extracted from the article]

Korean Air has reported a 20% increase in first-quarter revenue, reaching KRW3.82 trillion ($2.84 billion), due to a strong recovery in passenger traffic and stable cargo demand. Despite higher costs for fuel, airport and facility charges, and labor-related expenses, the airline's operating profit increased by 5% to KRW436.1 billion ($323.8 million). Passenger revenue rose by 32% to KRW2.34 trillion, while cargo revenues decreased by 5% to KRW996.6 billion. Korean Air's network capacity has almost returned to pre-pandemic levels, except for China, and the airline plans to prioritize route profitability and strengthen partnerships in the cargo business. [Extracted from the article]

Taiwan's EVA Air has placed a firm order with Boeing for four additional Boeing 787-10 aircraft, worth $1.9 billion. This order will bring EVA Air's 787-10 portfolio to 16 aircraft, which will operate alongside its current 787-9s. EVA Air has also committed to an order with Airbus for 18 A350-1000s and 15 A321neos. The airline is in the process of decommissioning its A330-200 fleet and replacing them with the incoming 787s. [Extracted from the article]

Aercap has delivered a second Boeing 787-9 aircraft to MIAT Mongolian Airlines, concluding a two-aircraft operating lease deal between the two companies. The delivery ceremony took place in Ulaanbaatar and was attended by the prime minister of Mongolia and Aercap executives. MIAT considers the 787-9 an important milestone for the airline, as it has been working to rebuild its fleet after reducing it during the pandemic. MIAT hopes to gain authorization to operate the Aercap 787-9s on flights from Mongolia to the USA. The addition of the second 787-9 brings MIAT's fleet to eight aircraft. Aercap currently has 108 787 program aircraft in its portfolio. [Extracted from the article]

Hawaiian Airlines has taken on $131.4 million in debt for the delivery of a Boeing 787-9 aircraft, according to a filing. The finance lease agreement has a 10-year term and a variable interest rate based on SOFR plus a margin of 385 basis points. Hawaiian Airlines plans to take delivery of more 787-9s in the future and has received competitive financing offers for these deliveries. The airline reported a net loss of $138 million for the first quarter of 2024, with revenues increasing but expenses rising as well. [Extracted from the article]

Tata SIA Airlines, also known as Vistara, recently acquired a new Boeing 787-9 aircraft through a finance lease structure. BNP Paribas served as the facility agent, security trustee, and sole lender for the transaction. This delivery is part of Vistara's order for six 787-9s, with options for four more. Vistara has previously financed aircraft deliveries through Credit Agricole Corporate and Investment Bank, DBS Bank, and BNP Paribas. Vistara's parent companies, Tata Group and Singapore Airlines, have also agreed to merge operations with Air India. [Extracted from the article]

Hawaiian Airlines has mandated the financing of its 787 deliveries, with the first unit being closed with Jackson Square Aviation in February. The carrier has opted for finance leases on its second delivery, with Apollo Global Management/PK Airfinance as the senior debt provider and Novus arranging the junior and mezzanine debt portions. The third aircraft is believed to have been mandated to Aviation Capital Group. Hawaiian Airlines has a total of 12 787-9s on order and is due to take delivery of two more this year. Additionally, the airline has purchased further leased 717s in the first quarter of this year. At the end of the first quarter, almost all of its 18 717s in operations were under ownership. [Extracted from the article]

El Al, Israel's national airline, has signed a proposal document with Boeing to purchase three Boeing 787-9 aircraft. The delivery dates for these aircraft are scheduled for 2029 and 2030. The agreement also includes six options for additional 787-9 models, with potential deliveries starting in 2030. El Al currently has a fleet of 16 787 aircraft, consisting of 12 787-9s and four 787-8s. The airline has exercised an option to dry lease two additional 787-9s, which will be delivered between 2025 and 2026. El Al is also exploring financing options for another 787 aircraft that will be added to its fleet in the second quarter of 2024. [Extracted from the article]

China Aircraft Leasing Group (CALC) has not sold its Boeing 787-9 aircraft to Lufthansa Group, contrary to industry speculation. The two 787-9s in CALC's portfolio will still be used by Lufthansa subsidiary Austrian Airlines, but on operating lease terms. These aircraft were previously operated by Vietnamese carrier Bamboo Airways and were acquired by CALC from the distressed airline. CALC currently owns, manages, and has orders for a total of 333 aircraft, with the majority of its portfolio consisting of Chinese carriers. Austrian Airlines plans to eventually have a fleet of 11 787-9s for growth purposes. [Extracted from the article]

Taiwan-based airline EVA Air has confirmed the sale of three Airbus A330-200 aircraft to Mockingbird Limited for approximately NT$1.1 billion ($35 million). EVA Air plans to continue operating its nine A330-300s for a few more years, as they are younger than the A330-200s being sold. The airline has not ordered any A330neo aircraft, but has 10 additional Boeing 787-9 and -10 aircraft on order. EVA Air also operates a fleet of 34 777-300ERs, with plans to replace some of them with 18 A350-1000s. The airline recorded a net profit of NT$21.6 billion ($682 million) for the year ended December 2023. [Extracted from the article]

Taiwan's EVA Air had a successful year in 2023, with a net profit of NT$21.6 billion ($682 million), a significant increase from the previous year. Operating revenues also saw a substantial increase, reaching NT$200.4 billion compared to NT$138 billion the previous year. The airline's total assets and liabilities remained largely unchanged from 2022, with total assets at NT$330 billion and total liabilities at NT$213 billion. EVA Air currently operates 87 aircraft, including Boeing 777-300ERs, 787 program aircraft, and A321s. In late 2023, the airline extended leases on 12 Airbus A321 aircraft from BOC Aviation for approximately NT$5.3 billion ($165 million). [Extracted from the article]

Cloud Investments Partners and investment funds managed by Strategic Value Partners have acquired a Boeing 787-8 aircraft for disassembly. C&L Engine Solutions will serve as the exclusive asset manager of the aircraft. This is the first time a new 787 will be disassembled anywhere in the world, and the first GE-powered 787 to be disassembled in the USA. The aircraft will be parted out in Roswell, NM by CAVU, and the parts will be transported to a new C&L warehouse in Wichita. C&L plans to work with OEMs to utilize these parts in supplementing their current inventories. The project is seen as critical to OEMs and operators due to the shortage of spares in the marketplace and ongoing supply chain challenges. [Extracted from the article]

Air New Zealand has reported a decline in earnings for the first half of the 2024 financial year compared to the previous year. The airline experienced softness in domestic corporate and government demand, although passenger revenue increased due to a ramp-up in capacity across the international network. Operating costs, including fuel, also increased. The airline attributes these challenges to ongoing supply chain issues, engine maintenance requirements, and a worsening revenue and cost environment. As a result, Air New Zealand expects performance in the second half of the year to be significantly lower than the first half. [Extracted from the article]

Thai Airways plans to expand its fleet by adding three new Airbus A350-900 aircraft in the first quarter of 2024, as well as nine widebody aircraft throughout the year. The airline will also reconfigure its leased A320 aircraft with new business class seating. Thai Airways has entered into an agreement with Boeing and GE Aerospace to acquire 45 Boeing 787-9s, with options for 35 additional aircraft. The airline aims to increase revenues by increasing flight frequency to various destinations and launching a new route to Kochi, India. Thai Airways hopes to relist on the Stock Exchange of Thailand in 2025 after finalizing its business rehabilitation and restructuring this year. In 2023, the airline reported increased operating profit, revenues, and net profit compared to the previous year. [Extracted from the article]

Hawaiian Airlines recently received its first Boeing 787-9 aircraft, which is expected to be put into service in April 2024. The aircraft was acquired through a purchase assignment and leaseback transaction, with Jackson Square Aviation involved in the financing through a finance lease. Hawaiian Airlines has a total of 12 787-9s on order, with additional deliveries scheduled between 2024 and 2027. The airline is also awaiting delivery of nine Airbus A321neos, with financing options available from aircraft and engine manufacturers. [Extracted from the article]

Royal Brunei Airlines has placed an order for four Boeing 787-9 aircraft to update its widebody fleet. The airline was the first in Southeast Asia to operate the 787 a decade ago and currently flies five 787-8s along with seven Airbus A320neos on regional routes to Australia and the UK. The CEO of Royal Brunei Airlines, Sabirin Hamid, stated that the new 787-9 fleet represents a significant step forward for the airline and will enable them to explore new growth opportunities. This order from Royal Brunei Airlines reflects the increasing demand for widebody aircraft in Southeast Asia, as demonstrated by Thai Airways' commitment to purchasing 45 787-9s at the Singapore air show. [Extracted from the article]

Air Canada reduced its net debt by C$2.9 billion ($2.1 billion) in 2023, resulting in a net debt to adjusted EBITDA ratio of 1.1x as of December 31, 2023. The improvement was mainly due to a C$2.5 billion increase in adjusted EBITDA to C$4 billion. The company's total long-term debt and lease liabilities amounted to C$13.9 billion at the end of December, with maturities peaking at C$4.4 billion in 2028. Air Canada also has undrawn credit facilities of $600 million and C$200 million. The company made loan repayments of C$2.5 billion and had a cash flow of C$4.3 billion in 2023. It added new aircraft to its fleet, including an Airbus A220 and a Boeing 787-9, and purchased previously leased aircraft. [Extracted from the article]

Boeing Commercial Airplanes (BCA) ended the fourth quarter of 2023 with positive operating margins, but the company reported a net loss for the year and suspended forward-looking guidance due to issues with the 737 Max. Boeing Commercial Airplanes' fourth quarter revenue increased by 13% to $10.5 billion, driven by higher deliveries. The division recorded a net profit from operations of $41 million in the fourth quarter, compared to a loss of $603 million the previous year. Boeing as a whole reported fourth-quarter revenue of $22 billion, a net loss of $30 million, and operating cash flow of $3.4 billion. The company continues to cooperate with the FAA and has a total backlog of $520 billion. [Extracted from the article]

Korean Air has received approval from the Japan Fair Trade Commission for its takeover of Asiana Airlines. This approval comes after Korean Air submitted a comprehensive initial report in August 2021. Korean Air has filed business combination reports with 14 competition authorities and has received approvals from 12 of them. However, they are still waiting for approvals from the European Union and the USA. The US approval is seen as the biggest hurdle for the merger, which has been in progress for four years. The EU is expected to issue antitrust clearance for the acquisition, as long as Korean Air commits to selling Asiana's cargo division and divesting routes to four European cities. [Extracted from the article]

Avianca, a Latin American airline, is acquiring a 2014-vintage Boeing 787-8 aircraft as part of a two-aircraft lease agreement with Altavair Airfinance. These aircraft were previously operated by Norwegian and were acquired by Altitude Aircraft Leasing in July 2023. Avianca currently operates 13 787-8s and has a fleet of 111 narrowbodies, including Airbus A319s, A320s, and A320neos. The airline's cash balance at the end of the third quarter was $975.6 million, and it posted a net income of $82.1 million in the July-September quarter. [Extracted from the article]

Korean Air is in discussions to lease four of its Boeing 787-9s to Air Premia, a local competitor, as a solution to address competition concerns raised by the US Department of Justice regarding its merger with Asiana Airlines. Air Premia plans to use the leased aircraft to expand its network in the USA and increase frequencies on existing routes. The US DOJ believes that certain routes, including those to New York, Los Angeles, Honolulu, and San Francisco, could become monopolized if the merger is approved. This leasing agreement follows a similar one between Korean Air and T'way Air in 2023 to address European Commission concerns. [Extracted from the article]

Avolon, a lessor, predicts that there will be high demand for lessor orderbooks in 2024 due to a shortage of aircraft supply. The market saw a rise in aircraft values and lease rates in 2023, and this trend is expected to continue in 2024. The recovery of domestic airline capacity is outpacing international recovery, with India, Saudi Arabia, and the UAE emerging as key drivers of growth. Avolon warns that airlines and lessors who delay ordering new aircraft may have to wait until the next decade for supply. The delivery of over 1,450 new large commercial aircraft in 2024 is projected to increase airlines' passenger revenues by 12% and net profit by 10%. Avolon also emphasizes the need to focus on scaling up sustainable aviation fuel production in the short-term. [Extracted from the article]

Juneyao Airlines, a privately owned airline based in Shanghai, is expected to return to a net profit for the full year of 2023. The company attributes this improvement to the recovery of the industry and an increase in passenger travel demand. In 2022, the airline experienced a net loss of RMB4.1 billion. As of December 31, 2023, Juneyao Airlines operated 87 Airbus A320-family aircraft and seven Boeing 787-9s. Its subsidiary, 9 Air, had a fleet of 23 737NGs. Juneyao Airlines plans to acquire the remaining 3% share in 9 Air, currently held by Ji Guangping, the chairman of 9 Air. [Extracted from the article]

Air Astana has added an additional Airbus A321neo to its fleet, bringing the total number of aircraft to 50. The expansion of the fleet is part of Air Astana's plan to reach 80 aircraft by 2028. The airline also recently announced plans for an initial public offering on the London and Kazakhstan stock exchanges. Air Astana currently operates a mix of Airbus and Boeing aircraft, but plans to eventually have a fleet consisting only of A320neo, A321neo, and Boeing 787 aircraft. [Extracted from the article]

Air Astana Group, based in Almaty, has confirmed that it will proceed with an initial public offering (IPO) on the London and Kazakhstan stock exchanges. The IPO will involve the issuance of new shares and global depositary receipts, as well as the sale or conversion of stakes held by shareholders BAE Systems and Kazakhstan's sovereign wealth fund. Air Astana plans to use the IPO to accelerate its growth, expand its routes, and increase operational flexibility. The airline has shown strong financial performance, with revenue and profit growth in recent years, and has a fleet expansion plan in place. [Extracted from the article]

Air Europa took delivery of a pair of Boeing 787-9s in December last year, its first -9 deliveries since late 2021.Airfinance Journal's Fleet Tracker shows the two aircraft were delivered from Aercap's orderbook with the US manufacturer.The Spanish carrier's previous 787 delivery was in December 2022, also on lease from Aercap.It now operates 12 787-9s on lease from Aercap, BOC Aviation, Jackson Square Aviation and Avolon.By Hugh DaviesReported by Author [Extracted from the article]

State-owned Maldivian has issued a request for proposals (RFP) for the lease of a Boeing 787-8 widebody aircraft, with a preferred lease term of six years. This comes after the carrier previously sought to lease an Airbus A330-200 to expand its international presence. Maldivian is open to considering delivery dates beyond the second quarter of 2024 for the A330-200 lease and is interested in engines covered under an OEM power-by-the-hour contract or a lessor willing to include the engines in an OEM PBH program at their own expense. The carrier currently operates a single A320 and a fleet of turboprop aircraft. Additionally, Maldivian is also inviting offers for the sale of a De Havilland of Canada Dash 8-300 aircraft. [Extracted from the article]

Griffin Global Asset Management has acquired two Airbus A350-900 aircraft from Air France through purchase and leaseback transactions. This acquisition expands Griffin's A350 portfolio, adding to the two A350-900s it already manages for Air France. The president of Griffin, Marc Baer, expressed excitement about the continued partnership with Air France and their support in renewing the airline's long-haul fleet. Air France currently has 27 A350-900s in its fleet, with an orderbook for 38 more, and recently placed a deal for 50 additional A350-900 and A350-1000 aircraft. [Extracted from the article]

Air Astana, the national airline of Kazakhstan, plans to phase out its fleet of Embraer E190-E2 aircraft, as well as gradually retire its Boeing 767s in the coming years. As of December 2023, Air Astana and its low-cost subsidiary Fly Arystan had a fleet of 49 aircraft, including Airbus units, 767-300ERs, and E190-E2s. The airline intends to expand its fleet over the next five years, focusing on A320neo, A321neo, and Boeing 787 aircraft. In addition, Air Astana recently announced a lease deal with ALC for three widebody 787-9 aircraft. The airline currently operates 50 routes to 34 destinations and saw growth in revenue, operating profit, and net profit for the nine months ended September 2023. [Extracted from the article]

Aercap, a leasing company, engaged in a significant number of transactions in 2023. They leased, purchased, and sold a total of 953 assets, including 267 in the fourth quarter. Additionally, Aercap repurchased around 44 million shares at an average price of $59.09 per share, totaling approximately $2.6 billion. They also signed 592 lease agreements, completed 173 purchases, and 188 sale transactions throughout the year. Aercap received cash insurance settlement proceeds of about $1.3 billion, including a recent settlement of $572 million with NSK. They also signed financing transactions for approximately $13.3 billion in 2023. In the fourth quarter alone, Aercap signed 179 lease agreements, completed purchases for 24 aircraft, and completed 36 sale transactions. They received cash insurance settlement proceeds of approximately $609 million and repurchased around 10 million shares for approximately $649 million. Lastly, Aercap inked financing transactions for approximately $1.7 billion in the last quarter of 2023. [Extracted from the article]

BOC Financial Leasing has provided financing for a Boeing 787-9 for Juneyao Airlines, marking Boeing's first widebody delivery to a mainland Chinese carrier since November 2019. Juneyao Airlines has ordered a total of 10 787-9s, with seven already delivered. BOC Leasing, a subsidiary of Bank of China, has executed two aircraft transactions so far. In addition, the civil aviation administration of China has granted Boeing clearance to resume Boeing 737 Max deliveries to the country. [Extracted from the article]

Chile-based airline group, LATAM, has placed an order for five additional Boeing 787-9 aircraft, bringing its total fleet of 787 units to 46. As part of this order, LATAM has decided to switch to GEnx engines by GE Aerospace, making it the first airline in South America to use these engines. The decision aligns with LATAM's commitment to sustainability and its goal of becoming a carbon-neutral group by 2050. The airline group expects a full recovery from its restructuring in 2023 and aims to reduce its debt and increase its cash reserves by the end of 2024. [Extracted from the article]

Juneyao Airlines, based in Shanghai, has added a Boeing 787-9 aircraft to its fleet, marking its first Boeing widebody since 2019. This is also the first time that Boeing has delivered a widebody aircraft to a mainland Chinese carrier since November 2019. Juneyao Airlines had previously ordered 10 787-9s in 2017 and has now received seven units. The airline currently operates a fleet of 93 aircraft, including 86 Airbus aircraft and seven 787-9s. Additionally, the civil aviation administration of China has granted Boeing clearance to resume Boeing 737 Max deliveries to the country. [Extracted from the article]

Thai Airways International is reportedly in talks with Boeing to purchase approximately 80 Boeing 787 widebody aircraft. This comes after Thai Airways previously requested proposals for a total of 95 aircraft, including 15 narrowbodies and 80 widebodies. The airline has been undergoing a debt restructuring process worth $11.3 billion and has seen positive financial results, with a 22% increase in passengers and a higher operating profit compared to the previous year. Thai Airways currently operates a fleet of 68 aircraft, including Airbus A330s, A350s, A380s, 777s, and 787s, and is in the process of phasing out its A380 fleet. [Extracted from the article]

The 2023 Dubai air show featured several significant announcements from various airlines. Flydubai, a low-cost carrier, revealed plans to expand into widebody operations by purchasing 30 Boeing 787-9 aircraft. Emirates Airline also made deals, ordering 90 additional Boeing 777X aircraft and committing to purchase more Boeing 787s. Sun Express signed an agreement for 28 Boeing 737 Max 8 and 17 Boeing 737 Max 10 models, with the potential for additional orders. Air Baltic placed an order for 30 Airbus A220-300 aircraft, with an option for 20 more, as part of its goal to operate a fleet of 100 Airbus aircraft by 2030. Royal Jordanian Airlines and Royal Air Maroc also made orders for Boeing 787-9 aircraft to expand and modernize their fleets. [Extracted from the article]

China Eastern Airlines has ordered 25 GEnx-1B engines to power its Boeing 787 fleet, along with a long-term TrueChoice services agreement. The order was placed at the 6th China International Import Expo in Shanghai. China Eastern has been a customer of GEnx engines since 2018. The GEnx engine is used in over 90% of Boeing 787 aircraft in China, and six out of seven airlines in China that operate 787 fleets have chosen the GEnx engines. China Eastern first ordered GEnx engines at the inaugural CIIE in 2018 and will continue to work closely with GE Aerospace to support their Boeing 787 fleet. [Extracted from the article]

British Airways has secured financing for the delivery of an Airbus A350-1000 through a Japanese operating lease with call option (Jolco) financing. The funding was provided by Japanese tax investors funds, with Surry Hills Leasing and Leicester Leasing, affiliated with Sumitomo Mitsui Banking Corporation, acting as assignees. The aircraft, powered by the Trent XWB-97 engine, was delivered to British Airways in August 2023. This is not the first time the carrier has used Jolco financing, having previously utilized it for A350 and Boeing 787 as well as A320neo financing. British Airways currently operates a fleet of 16 A350-1000 aircraft. [Extracted from the article]

Norwegian Air Shuttle CEO, Geir Karlsen, has announced that the airline will make a decision on whether to order the Boeing Max 10 aircraft within the next six months. The Max 10 would offer 225 seats, compared to the current 189 seats, and Norwegian sees it as an interesting choice. However, the airline is already experiencing delays in aircraft deliveries, with Boeing pushing back the delivery of its new Max 8 planes by four to six months. Karlsen expects these delays to continue into 2025 and believes that the leasing market will become increasingly tight as a result. [Extracted from the article]