AerCap struck a deal with Honeywell over disputed parts in the bankruptcy of Spirit Airlines, while repair firms like EirTrade are buying up aircraft for teardown and re-selling of equipment.
Governments caution flying to Saudi Arabia, or through its airspace, after weekend attack left at least 12 dead, writes Benjamin Katz, The Wall Street Journal.
The low-cost airline has been propped up by subsidies and been battered by fuel costs stemming from Middle East crises. Now it must renegotiate contracts with Irish-based lessors.
The Irish-registered Russian lessor, under Western sanctions, alleges EasyJet abandoned its planes in 2022 and it lost more than $70 million in the process.
AerCap successfully challenged a tax ruling in India to avoid double taxation, while a revamp of bankruptcy rules makes aircraft repossessions in cases of default more straightforward.
Pressure is growing on airlines to re-evaluate the safety of flying to Russia as the drone war escalates, write Benjamin Katz, Marcus Walker and Serhii Bosak, The Wall Street Journal.
Volga-Dnepr, a Russian cargo carrier sanctioned in the West, failed to get sanctions lifted in Canada. Authorities there have seized a plane that is linked to an Irish subsidiary.
GD Helicopter Finance, based in Dublin and owned by China’s GDAT, tried to buy a Belgian helicopter operator but a government minister said the deal was risky for national security.
Aviation entrepreneur Declan Ryan, who previously co-founded Ryanair, is helping aid workers in Colombia after more than 280 people were killed in an earthquake this week.
AerCap revealed that, after four years of war in Ukraine, its total recoveries from Russian airlines and insurers has reached $3bn – but the mission to recoup funds is far from over.
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