Tag: aircraft lease

Leasing Problems at Jet Airways: 21 Aircraft Grounded

Reading Time: 1 minute Financial problems at India’s Jet Airways has now resulted in 21 of its predominantly leased fleet of 119 aircraft grounded through payment default to leasing companies. This figure does not include aircraft which have been grounded for maintenance purposes. Abu Dhabi’s Etihad Airways holds a 24 percent stake in the beleaguered carrier. With an increasing […]

Lufthansa Group Approves $1.2 Billion Growth Plan For Eurowings

Reading Time: 2 minutes Lufthansa Group’s supervisory board has approved a €1 billion ($1.2 billion) investment to purchase and lease up to 61 aircraft for its LCC subsidiary Eurowings as the bidding process for parts of the insolvent airberlin continues. The funds will be used to acquire up to 41 Airbus A320 family aircraft and 20 Bombardier Dash 8 […]

Wizz Counts Cost Of Lease Returns

Reading Time: 1 minute Low-cost carrier (LCC) Wizz Air has reported a 31% rise in maintenance costs, to EUR 27m, for Q1 2017/18. The Budapest-based airline says most of the rise was due to a larger fleet, which increased by 13 aircraft from the year-before period. By 2020 it expects to operate 120 Airbus narrowbodies, including A320neos and A321neos, […]

A350 Pilot Training Triggers Finnair A330 Lease Extension

Reading Time: 2 minutes Finland flag carrier Finnair has extended the lease on an Iberia Airbus A330 until May 31 because of A350 crew training delays. The A330 had been scheduled to leave the fleet Jan. 31. The oneworld carrier had planned to use the A330 on its 3X-weekly Miami route only from Jan. 10-31, but this 21-day lease […]