Aircraft leases are leases used by airlines and other aircraft operators. Airlines lease aircraft from other airlines or leasing companies for two main reasons: to operate aircraft without the financial burden of buying them, and to provide temporary increase in capacity. The industry has two main leasing types: wet-leasing, which is normally used for short-term leasing, and dry-leasing which is more normal for longer-term leases. The industry also uses combinations of wet and dry. For example, when the aircraft is wet-leased to establish new services, then as the airline's flight or cabin crews become trained, they can be switched to a dry lease.
A wet lease is a leasing arrangement whereby one airline (the lessor) provides an aircraft, complete crew, maintenance, and insurance (ACMI) to another airline or other type of business acting as a broker of air travel (the lessee), which pays by hours operated. The lessee provides fuel and covers airport fees, and any other duties, taxes, etc. The flight uses the flight number of the lessee. A wet lease generally lasts 1–24 months; a shorter duration would be considered an ad hoc charter. A wet lease is typically utilized during peak traffic seasons or annual heavy maintenance checks, or to initiate new routes. A wet-leased aircraft may be used to fly services into countries where the lessee is banned from operating.
The Hong Kong owners of Dublin-based aircraft leasing company Goshawk have approved its near $7bn (€6.7bn) sale to SMBC Aviation Capital in a deal that will create the world’s second largest lessor with assets of $37bn.
The state-owned carrier sparked public criticism in April when it announced a plan to lease nearly two-dozen aircraft to replace planes whose leases expire in December 2022 ... The airline, which received some bids from aircraft leasing firms, said it has put the process on hold for now.
"If they get their s*** together, we'd be willing to take more aircraft for summer '23 and summer '24," O'Leary said ... Domhnal Slattery, the CEO of Avolon, one of the world's leading aircraft leasing companies, suggested earlier this month that Boeing needs a change in culture — and maybe leadership.
SMBC and Goshawk, both Dublin-based, buy aircraft and lease them to airlines around the world ... “Market trendspoint to growth in aircraft leasing with great opportunities for people involved in aviation,” she added ... interests in toll roads, aircraft leasing, building and insurance.
Currently have $70M in signed contracts or LOI’S for 2022 and still projecting $90+ Million in revenue for 2022To date, $76 Million in signed contracts and LOI’S for 2023 and $52 million for 2024Signed long-term lease for two Airbus A321 freighter aircraft Aerovista to be ...
The acquisition to create a combined company with 37 billion euros ($38.45 billion) in assets comes six months after Ireland’s AerCap Holdings NV consolidated its position as the world’s largest aircraft lessor through its takeover of General Electric’s leasing business.
The acquisition to create a combined company with 37 billion euros ($38.45 billion) in assets comes six months after Ireland's AerCap Holdings NV (AER.N) consolidated its position as the world's largest aircraft lessor through its takeover of General Electric's (GE.N) leasing business.
O’Leary said that Ryanair was a willing customer for Boeing but could turn to the second-hand leasing market to source more aircraft unless Boeing stepped up with some additional orders, adding that “at the moment, we think the Boeing management is running around ...
O'Leary said that Ryanair was a willing customer for Boeing but could turn to the second-hand leasing market to source more aircraft unless Boeing stepped up with some additional orders, adding that "at the moment, we ...
Michael O'Leary... The broadside follows recent attacks on Boeing from aircraft leasing firms that are among its biggest clients. Air Lease Corp ... Avolon Holdings Ltd ... area “may be good for the defense side” but won’t fix “fundamental underlying problems on the civilian aircraft side in Seattle.” ... .
“We expect pricing to be slightly down in the first quarter, we’re pricing down to get our planes full again,” CEOMichael O’Leary told Bloomberg Television... Trading Down ... Ryanair is also looking to return 29 Airbus A320 aircraft to leasing firms starting this winter after inheriting them with the purchase of Austrian unit Lauda.
It would create a global aircraft leasing giant as consolidation sweeps the industry. Last year, the world’s two largest aircraft leasing companies, Ireland’s AerCap and GE’s leasing arm GECAS, merged in a deal worth more than $30 billion.
Aircraft leasing company SMBC Aviation Capital is close to an agreement to acquire smaller rival Goshawk Aviation for about US$7 billion, including debt, Reuters reports, citing unidentified people familiar with the matter. .
The airlines will use a Boeing 737 (VT – SXE) aircraft. The aircraft, which was previously operated by Jet Airways - under its old management headed by Naresh Goyal - was subsequently leased out to SpiceJet. The DGCA officials say, there are no specific concerns on the aircraft and its safety.