Latest News for: Aircraft leasing

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On The Brouhaha Over Nigeria Air

This Day 30 May 2023
Even starting it with a wet-leased aircraft is an even better idea than starting it with a new one ... It is the usual aviation practice for fledgling airlines to commence operations with a leased aircraft ... And as established as they are, FinnAir is still wet-leasing aircraft from British Airways.
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Air India growing substantially, hiring 550 cabin crew members, 50 pilots each month: CEO Campbell Wilson

Hindustan Times 29 May 2023
According to the Air India chief, the true transformation will happen from next year onwards as it will get all the leased aircraft, start retrofitting old aircraft and deliveries from order for 470 planes ... IndiGo has taken aircraft on a wet lease as part of expanding its international presence.
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Cally Air, Cross River Carrier Allegedly Runs Aground over Ownership Tussle

This Day 29 May 2023
If I were there, I would have asked for a full dry lease of the two aircraft, which will enable ... “When we insisted that we would only take the aircraft on dry lease arrangement those negotiating for the aircraft refused and threatened to take them to Dana Air,” Sanusi told THISDAY.
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Air India hiring 550 cabin crew members, 50 pilots every month, growing substantially, says CEO

India TV 29 May 2023
According to the Air India chief, the true transformation will happen from next year onwards as it will get all the leased aircraft, start retrofitting old aircraft and deliveries from order for 470 planes ... IndiGo has taken aircraft on a wet lease as part of expanding its international presence.
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Air India hiring 600 cabin crew, pilots every month; will continue pace for most of 2023: CEO Campbell Wilson

Live Mint 29 May 2023
So far, the carrier has taken 9 B777 planes on lease.In February, Air India announced that it would buy 250 aircraft, including 40 wide-body A350 planes, from European aviation major Airbus and 220 planes from US aircraft maker Boeing under separate deals.The order comprises 40 ...
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A European startup airline said it bought an Airbus A380 to fly across the Atlantic ...

Business Insider 29 May 2023
While it is more common for new carriers to lease jets at the start of business, Global noted that this was a full purchase. "Acquiring our aircraft rather than leasing showcases our commitment to financial security and resilience from day one," Global Airlines CEO and founder James Asquith said in a press release.
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New UK-US airline buys first plane

AOL 29 May 2023
“The purchase of our first aircraft demonstrates that we are well on the way to launching Global ... “Acquiring our aircraft rather than leasing showcases our commitment to financial security and resilience from day one.”.
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Dómhnall Slattery interview

RTE 29 May 2023
Dómhnall Slattery founded two of the top three aircraft leasing companies in the world over the last 25 years ... .
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High Court being ‘actively misled’ on Russian firm’s solvency - claim

The Irish Times 29 May 2023
The High Court has been “actively misled” about the solvency of two Russian Stated owned aircraft and shipping leasing firms GTLK Europe DAC, and GTLK Europe Captial DAC which are registered in Ireland ... READ MORE ... .
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Nigeria Air: Anti-corruption Group Drags Sirika to EFCC, Wants Minister Probed for Fraud

This Day 29 May 2023
*Alleges minister repainted Ethiopian aircraft to pass off as Nigerian airline ... No aircraft can be registered in Nigeria without the carrier having an AOC which means that the aircraft does not belong to Nigeria Air either as leased or owned equipment.
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Go Air plans to raise salaries of pilots by Rs 1 lakh per month to stay

Financial Express 29 May 2023
The airline, which rebranded as Go First two years ago, said it will also soon reintroduce a “longevity bonus” for long-serving staff. Follow Us. Go Airlines India Ltd ... Also ReadExplainer. India & The Cape Town Convention ... Also ReadGo First lessors move Delhi HC, want their leased aircraft back ... .
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Sporting IndiGo livery, carrier's first Boeing 777 wide-body aircraft lands in Delhi

Beijing News 28 May 2023
IndiGo's first wide-body aircraft landed in India showcasing its livery on the newly introduced Boeing 777 aircraft ... The Boeing 777 aircraft has a total seating capacity of 400 passengers ... "We are pleased to induct our second Boeing 777 aircraft on damp lease, which will operate on the Mumbai-Istanbul route.
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Explainer: India & The Cape Town Convention

Financial Express 27 May 2023
The recent admission of Go First’s insolvency resolution plea by the National Company Law Tribunal (NCLT) as well as the protection granted to the assets of the airline under a moratorium has acted as a catalyst for the reworked Bill, since the development has suspended the lessors’ rights to repossess their aircraft leased to the carrier.
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Go First lessors move Delhi HC, want their leased aircraft back

Financial Express 27 May 2023
Their contention is that NCLAT is not empowered to deal with the issue of deregistration as the aircraft are not the property of Go First but have been leased to it ... The lessors, who have approached the high court, are Accipiter Investments Aircraft, EOS Aviation 12 (Ireland), Pembroke Aircraft Leasing 11, and SMBC Aviation Capital.
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Go First Insolvency: Flights suspended till May 28, full refund soon

Live Mint 27 May 2023
... on 3 May and lessors are looking to take back aircraft leased to the carrier.The source at the Directorate General of Civil Aviation (DGCA) said the regulator advised the airline on May 24 to submit a comprehensive restructuring plan for a sustainable revival of operations.

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