SAS to wet lease A320s, widebodies for summer 2023

Ireland's CityJet to add CRJ1000s in early 2Q23

Estonia’s Nordica, Xfly ink ACMIs with Cyprus Airways, TAP

Nordica (ND, Tallinn Lennart Meri) and Xfly (Estonia) parent Nordic Aviation Group has signed an ACMI agreement with Cyprus Airways (CY, Larnaca) for Summer 2023 and has also started operating for TAP Air Portugal (TP, Lisbon), while the group’s fleet is set to reach 22 aircraft in the second quarter of 2023, the group revealed in an update of its results during 2022.

The 100% state-owned Estonian airline reported a rise in revenue of 51% during the year, to EUR90.6 million euros (USD95.8 million), helping it post a net profit of EUR1.51 million (USD1.6 million).

Calling the results “acceptable” in the face of “global economic challenges and the Russian aggression in Ukraine,” the group’s CFO Eteri Harring claimed the company had during 2022 “transformed the Nordica business model into an Airbus A320 ACMI operations provider.”

Group CEO Jan Palmer summarised that Nordica and Xfly currently have “more cooperation offers to deal with than it can take on.” He referred to upcoming contracts including one with start-up carrier Marabu...

Editorial Comment: Clarified that Marabu is an affiliate not a subsidiary of Condor - 09.03.2023 - 12:23 UTC

SAS signs sale/lease-back deal for ten A320neo

SAS Scandinavian Airlines (SK, Copenhagen Kastrup) has entered into a sale/lease-back transaction with Aviation Capital Group for ten A320-200Ns due for delivery through early 2024.

"We continue to make progress with our transformation plan, and these new sale and leaseback agreements are an important part of that - securing competitive financing for our renewed fleet of modern and fuel-efficient aircraft. We are pleased to renew our long-term strategic partnership with ACG, one of the world's leading aircraft financing partners," President and Chief Executive Anko van der Werff said.

The ch-aviation fleets advanced module shows that SAS already operates fifty-seven A320-200Ns, including twenty-one placed with its SAS Connect (SL, London Heathrow) production carrier. The airline has a further twenty-three A320-200Ns on firm order from Airbus. The bulk of its existing A320neo are dry-leased with just eleven aircraft of the type owned by SAS. The ch-aviation fleets ownership module shows that SAS has no aircraft leased from Aviation Capital Group so far.

ACG's current A320neo portfolio comprises 53 aircraft...

CityJet-Air Nostrum JV gets second EU nod