Leasing

Lessor loses patience: AirAsia X sued for $23 million

Airline leasing company BOC Aviation has filed a claim at the London court against AirAsia X and its wholly-owned subsidiary AXX Leasing Two for $23 million, claiming outstanding liabilities. The filed lawsuit for alleged breach of a contract among the companies might highly affect the airline’s financial stability as travel restrictions have already hit AirAsia X hard.  ...


AerCap reports a drop in Q2 2020 lease agreements

Global aircraft lessor AerCap has reported a drop in Q2 2020 lease agreements totaling only 10 aircraft, a 38 aircraft decrease when compared to Q2 2019.10 aircraft leased included one widebody and 9...


European aviation: bankruptcy season is around the corner

The failures of WOW Air and Aigle Azur that European market saw in 2019 are unlikely to mark the end of the bankruptcy season in the continent, lessors believe. In a panel discussion at AIR Convention Europe 2019, Marian Pistik, the head of asset management at International Airfinance Corporation and Rob Watts, the CEO of Aerotask have exchanged views on what is there to come for the market in the near future. ...


Baltia loses $22.6 million lawsuit to Logistic Air

USGlobal Airways, formerly known as Baltia Airways, was sentenced to pay $22.6 million reparation to Logistic Air after a breach of contract....


Aeroflot Group to lease 3 Sukhoi Superjet 100

On October 27, 2017, the Aeroflot Group announced its plan to lease three new Sukhoi Superjet 100 regional planes. ...


Leasing pre-owned aircraft: piece of cake or headache?

Proper asset management in aviation means choosing wisely the airline and the maintenance organization....


Fitch: Aircraft lessor tailwinds to continue in 2017

A research company based in New York Fitch Ratings released its latest report, forecasting that aircraft leasing companies are poised for favorable industry dynamics in 2017 and should benefit from strong growth of global air traffic....


Are we on the edge of a new era in aircraft financing?

With the U.S. Congress refusal to prolong the authorization of the Export-Import Bank which has expired on 30 June 2015, the U.S. aerospace giants and their foreign clients have lost major support in financing new deliveries. ...