Air Cargo News
• Damian Brett
Mammoth Freighters has delivered its first converted Boeing 777-200LRMF, MSN 32222, to lessor Jetran. The aircraft, converted in Manchester and unveiled at Farnborough, will enter DHL Air UK’s network, forming part of a 13-aircraft placement within Jetran’s broader order of more than two dozen conversions.
Aircraft Finance & Leasing
Latest source-backed stories
High activity
Mammoth Freighters has delivered its first converted Boeing 777-200LRMF, MSN 32222, to lessor Jetran. The aircraft, converted in Manchester and unveiled at Farnborough, will enter DHL Air UK’s network, forming part of a 13-aircraft placement within Jetran’s broader order of more than two dozen conversions.
AirAsia Group is in advanced negotiations with local and international financial institutions for up to $1 billion in new funding, seeking to strengthen liquidity while carrying a reported $19 billion aircraft order. The financing underscores the capital demands of the group’s fleet ambitions and ongoing operations.
Moody’s has upgraded Bombardier’s credit rating, citing improvement in the business jet manufacturer’s balance sheet. The action signals stronger credit quality and provides an updated reference point for evaluating Bombardier’s financial position and access to capital.
Norse Atlantic says it has received strong interest in a possible takeover following a disappointing second quarter. The Scandinavian carrier expects a decision within a month on how to reallocate Boeing 787s returned by IndiGo after the termination of their leases.
High activity
Norse Atlantic is seeking ACMI placements, sale or merger opportunities for up to five Boeing 787-9s returning from IndiGo after the partnership ended. The Norwegian carrier reported $132 million in second-quarter revenue but negative $8.4 million EBITDAR, citing fuel costs and lower fleet utilization.
AirAsia Group is seeking up to $1 billion in funding, according to Commercial Aviation News. The available report does not specify the financing structure, timing, intended use of proceeds, or whether the capital would support fleet, liquidity, or broader corporate priorities.
High activity
An Indian court will rehear bankruptcy petitions filed by aircraft lessors against cash-strapped SpiceJet before a new bench, after the airline reached a last-minute settlement with one lessor. The ruling delays proceedings and resets a closely watched test of lessors’ remedies against distressed airlines in India.
India’s Akasa Air has signed a sale-and-leaseback agreement covering seven Boeing 737-8 aircraft, adding a fleet-financing transaction to the carrier’s expansion strategy. The deal highlights the role of leasing structures in supporting fleet growth while preserving airline capital flexibility.
Create a free account to see more recent Aircraft Finance & Leasing stories and keep bookmarks in one place.
