Australia’s Alliance Aviation Services has executed two binding contracts with Scissortail Aviation and Bellinger Asset Management covering the sale of six Embraer E190 airframes.
While lessors have done well with lease rates surging, disrupted supply chains and other issues make normal business, let alone growth, complicated to manage.
AerCap says its deal with Spirit Airlines for 36 A320neos comes with the benefit of getting aircraft sooner than it could have by ordering from Airbus.
The largest aircraft lessors could receive more than $2B by 2025 as insurance settlements from lost business and assets in Russia pay out faster than expected.
Despite Spirit's reliance on leased aircraft, lessor specific exposure to the financially distressed airline is not large enough to raise any red flags.
AerCap CEO Aengus Kelly has rung the alarm bell on behalf of the Boeing 737 MAX customer base, which 2023 order numbers show is falling further behind Airbus.
Supply chain problems and delayed deliveries from aircraft OEMs are pushing carriers to turn elsewhere to secure sufficient capacity for long-term demand.