Orlando O. Spencer I™’s Post

Exploring the financial impacts of aircraft groundings! Learn about the significant costs incurred by airlines and manufacturers due to groundings. From leasing costs to staff expenses, discover the financial complexities and challenges faced by the aviation industry. Read the full article on Simple Flying: https://lnkd.in/eG3DUtG9 #AircraftGroundings #aviationindustry #costanalysis #airlines #aviationmanagement #aviation

“Production delays by aircraft manufacturers have boosted carriers' demand for leased planes to meet a spike in travel demand. The need to service older planes and for additional pilots and crew members has also benefited Avia, which provides aircraft, crew, maintenance and insurance (#ACMI).” Avia Solutions Group Chairman Gediminas Ziemelis spoke with Reuters’ Alban Kacher to discuss how the gaps in capacity and seasonal fluctuations in demand are creating actionable consequences for the air transport industry. Our group is utilising its global infrastructure of resources to place aircraft and provide solutions to these challenges, ensure airlines have exactly what they need to implement strategies to respond to seasonal changes in behavior for their regions. We can see this strategy at work and its consequence on aircraft lease rates. #ACMI, #aviation Details:

Several airlines have issued financing RFPs in the last few weeks as carriers try to catch the attention of financiers and lessors before the holiday season starts in earnest for the aviation finance industry. Read Editor Dickon Harris latest SLB update here ➜ https://lnkd.in/gJ3SEC7c #aviationfinance #airlines #lessors #investors #aircraft #assetmanager #saleleaseback #slb #rfp

Bernstein’s latest blog analyzes the advantages of contractual #aviation leases, which offer strong cash flow and income potential. But don't just think of commercial airlines like Delta, JetBlue and American Airlines, also think of who else uses aircraft as a critical part of their business model: FedEx, DHL, UPS and more... Get the details here:

https://lnkd.in/gqfTHGCH Why do airlines struggle to stay afloat? Why do some segments in aviation make money while the ones who operate the aircraft bear the brunt of financial difficulties? What are the plausible ways to mitigate these challenges and ensure the sustainability of the airline industry? Why could the aviation business not reach its full potential despite witnessing an unabated, undiluted surge in demand? A new insight #airlines #airlineindustry #aircraft

With more than Rs 900 crore funding coming in this month, SpiceJet will focus on upgradation of its fleet and cost-cutting measures, as the no-frills airline works on ways to come out of turbulent times. In an internal note to the senior staff on Monday, the airline said it now has a substantial bank balance of more than Rs 900 crore, including Rs 160 crore received as an instalment under the government's Emergency Credit Line Guarantee Scheme (ECLGS). The carrier, which had been facing multiple headwinds in recent months, has so far received around Rs 1,000 crore under the ECLGS. The latest instalment came recently after its Chairman and Managing Director Ajay Singh infused funds into the airline, according to an official in the know. Singh, who has been helming the no-frills carrier, has so far put in Rs 200 crore out of the Rs 500 crore fund infusion that he had announced last year. The official said the airline has garnered a total of more than Rs 1,100 crore funds in three months. Last week, the airline announced it has received the first tranche of Rs 744 crore as part of the total Rs 2,250 crore being mopped up through issuance of securities on a preferential basis. On December 12, the airline said it would raise fresh capital of Rs 2,250 crore through issuance of securities. During a meeting with the airline's senior officials, Singh emphasised the importance of judicious spending and that he will personally oversee all major expenditures. According to the note, the carrier will prioritise fleet upgrades, enhance on-time performance and cost-cutting measures will be implemented to streamline operations. Currently, the airline has an operational fleet of around 40 planes. SpiceJet, which has also expressed an interest to bid for bankrupt Go First, will be looking to raise more funds to shore up its financial position. As it embarks on the revival path, the airline has also issued a stern directive of 'perform or perish' to tackle under pertormance. In 2023, the carrier flew 83.90 lakh passengers and had a domestic market share of 5.5 per cent. #spiceject #aviationnews #aviationdaily #aviations #thepilotin #airbus #pilots #airindia #airindiaexpress #akasaair #aviationnews #civilaviation #growth #aviators #aviationworld #aviationgeek #aviations #aircraft

With more than Rs 900 crore funding coming in this month, SpiceJet will focus on upgradation of its fleet and cost-cutting measures, as the no-frills airline works on ways to come out of turbulent times. In an internal note to the senior staff on Monday, the airline said it now has a substantial bank balance of more than Rs 900 crore, including Rs 160 crore received as an instalment under the government's Emergency Credit Line Guarantee Scheme (ECLGS). The carrier, which had been facing multiple headwinds in recent months, has so far received around Rs 1,000 crore under the ECLGS. The latest instalment came recently after its Chairman and Managing Director Ajay Singh infused funds into the airline, according to an official in the know. Singh, who has been helming the no-frills carrier, has so far put in Rs 200 crore out of the Rs 500 crore fund infusion that he had announced last year. The official said the airline has garnered a total of more than Rs 1,100 crore funds in three months. Last week, the airline announced it has received the first tranche of Rs 744 crore as part of the total Rs 2,250 crore being mopped up through issuance of securities on a preferential basis. On December 12, the airline said it would raise fresh capital of Rs 2,250 crore through issuance of securities. During a meeting with the airline's senior officials, Singh emphasised the importance of judicious spending and that he will personally oversee all major expenditures. According to the note, the carrier will prioritise fleet upgrades, enhance on-time performance and cost-cutting measures will be implemented to streamline operations. Currently, the airline has an operational fleet of around 40 planes. SpiceJet, which has also expressed an interest to bid for bankrupt Go First, will be looking to raise more funds to shore up its financial position. As it embarks on the revival path, the airline has also issued a stern directive of 'perform or perish' to tackle under pertormance. In 2023, the carrier flew 83.90 lakh passengers and had a domestic market share of 5.5 per cent. #spiceject #aviationnews #aviationdaily #aviations #thepilotin #airbus #pilots #airindia #airindiaexpress #akasaair #aviationnews #civilaviation #growth #aviators #aviationworld #aviationgeek #aviations #aircraft

Let's call it what it is, Lynx Air is filing for creditor protection. They say the airline "...has faced a number of significant headwinds including rising operating costs, high fuel prices, exchange rates, increasing airport charges and a difficult economic and regulatory environment..." OK, maybe so, but it seems everyone neglects the elephant in the room! Lynx was just a poorly run and grossly mismanaged airline. This includes: - Late Flights - Lack of Oversight of Subcontractors - Poor Customer Service - Lack of Systems and Procedures - Lack of Adequate Staff Training - etc. Good riddance! #airline #lynx #canada #management

In an article published in Sunday's Business Post, Mary O'Neill and Alex Walsh from our Dublin Asset Finance team outline the prospects for Ireland's booming aviation leasing sector in 2024. While the broader aviation industry is grappling with challenges from aircraft and engine shortages to high interest rates, 2024 could still be a stellar year for certain aircraft lessors. #Aviation #AircraftLeasing #Finance