Aviation engineering and leasing news

Dublin-headquartered leasing specialist Avolon reported a 79% increase in income for the last financial year, with a total income of $608 million. The company, which specialises in fuel-efficient modern airliner leasing, also recorded a record operating cash flow of $2 billion, up 15% from the previous year. Avolon has seen [read more]

Airbus started 2025 by delivering 25 aircraft in January to 17 customers worldwide as well as gaining 55 gross orders. The Toulouse-headquartered OEM delivered 23 single-aisle airlines including 11 A321neo, seven A320neo, two A319neo and three A220-300 to customers including easyJet, United Airlines, Wizz Air and Delta Airlines. Widebody deliveries [read more]

Aerostructures manufacturer Spirit Aerosystems has confirmed its shareholders have approved a takeover deal from Boeing Company as the OEM looks to secure its supply chain for Boeing aircraft sections. The acquisition was approved by a special shareholders’ meeting where shareholders voted to approve the deal which is expected to be [read more]

Brazilian OEM Embraer has reported a record company-wide backlog in its final quarter results (Q4) for 2024. The Sao Paulo headquartered business makes the popular regional jet range including the E170 and E190 E2 airliners, business jets, and military aircraft. In its financial results, it listed a backlog worth $26.3 [read more]

Taiwanese carrier Starlux has five more Airbus A350F freighters for its cargo operation doubling the initial order placed by the airline. Starlux already operates the A350 on its passenger routes which means the A350F will fit seamlessly into its operation. It also operates A321neo and A330neo Airbus aircraft. The A350F, [read more]

2024 was a year of recovery for aircraft OEMs who all continued their post-pandemic recovery but for Boeing in particular there was also the recovery from several years of very high-profile production problems with their 737 Max and 787 range. The 2024 Farnborough Airshow threw up some decent orders which [read more]

Dublin-based aircraft leasing specialist Avolon and Air New Zealand have signed a memorandum of understanding (MoU) to research the commercialisation of electric aircraft along with battery hybrid and hydrogen-powered aircraft. The agreement between the two partners also includes the sale and leaseback of Conventional Take-off and Landing (CTOL) BETA Alia [read more]

Hungarian low-cost airline Wizz Air, along with its UK subsidiary Wizz Air UK, has struck a deal with Pratt & Whitney over engine problems which have kept many of its aircraft grounded. The problems affect Wizz Air A320neo aircraft powered by Pratt & Whitney PW1100G-JM engines of which around 40 [read more]