AeroTime
• Ian Molyneaux
Avolon and Qatar-based Lesha Bank have signed a sale and purchase agreement covering 33 aircraft currently leased to 25 airlines worldwide. Following completion, the transaction will increase Lesha’s managed aviation fleet to more than 75 aircraft, expanding its position in the aircraft-finance market.
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Avolon and Qatar-based Lesha Bank have signed a sale and purchase agreement covering 33 aircraft currently leased to 25 airlines worldwide. Following completion, the transaction will increase Lesha’s managed aviation fleet to more than 75 aircraft, expanding its position in the aircraft-finance market.
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HAECO has secured airframe, engine and landing-gear agreements with ANA, JAL and Garuda, while GMF AeroAsia will perform heavy maintenance on AirZeta’s Boeing 747s from 2027 through 2030. Separately, AAR has agreed to acquire a majority stake in MRO Holdings for $1.8 billion, according to sources.
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Avolon has agreed to sell Lesha Bank a portfolio of 33 commercial aircraft leased to 25 airlines, with management transferring to Lesha Aviation Services. The transaction will lift Lesha’s managed fleet beyond 75 aircraft and expand its Sharia-compliant leasing platform, while advancing Avolon’s asset-recycling strategy.
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British private-equity firm Attestor is exercising its option to acquire the German government-held 49% stake in Condor, following an agreement reached in 2021. The transaction, expected to close in late August 2027, will end state ownership as Condor pursues medium- and long-haul fleet renewal and growth.
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