Indian carriers have found leasing aircraft to be more convenient than financing them by other means, a former chairman of flag carrier Air India has told an industry conference. Indian carriers have found leasing aircraft to be more convenient than financing them by other means, a former chairman of flag carrier Air India has told an...Continue Reading

Singapore’s SilkAir and Singapore Airlines have appointed Skytech-AIC to market for outright sale seven Boeing 737-800s. Singapore’s SilkAir and Singapore Airlines have appointed Skytech-AIC to market for outright sale seven Boeing 737-800s. The aircraft (MSNs 44222, 44223, 44224, 44225, 44226, 44232 and 44233) were delivered to SilkAir between 2014 and 2016 and the airline self-manages all the aircraft, according to Cirium fleets data. Source: Wikimedia...Continue Reading

Boeing Australia and the Royal Australian Air Force (RAAF) have conducted the maiden flight of the Airpower Teaming System (ATS) loyal wingman aircraft. Boeing Australia and the Royal Australian Air Force (RAAF) have conducted the maiden flight of the Airpower Teaming System (ATS) loyal wingman aircraft. The maiden sortie occurred on 1 March, and involved...Continue Reading

AirAsia Group has disclosed that it extended approximately $40 million in advances and corporate guarantees to Philippines AirAsia in November-December. AirAsia Group has disclosed that it extended approximately $40 million in advances and corporate guarantees to Philippines AirAsia in November-December. The low-cost airline group on 19 November provided a $19.1 million corporate guarantee to Filipino bank BDO Unibank. This was in...Continue Reading

China Aircraft Leasing (CALC) expects its net profit attributable to shareholders for 2020 to be down 60-65% on 2019 due to a loss on an investment in an Indonesian airline as well as an exchange-rate loss. China Aircraft Leasing (CALC) expects its net profit attributable to shareholders for 2020 to be down 60-65% on 2019...Continue Reading