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40 Wizz Air planes to stay grounded for fiscal 2026

Wizz Air said today it had signed a new support agreement with defence and aerospace firm RTX's Pratt & Whitney amid engine woes, adding that it expects 40 of its planes to stay grounded for fiscal year 2026.
Business • 31 Dec 24

Avolon's second quarter net income flies 38% higher

Irish headquartered aircraft lessor Avolon has reported net income of $105m for the second quarter, an increase of 38% compared to the same time last year.
Business • 02 Aug 24

Avolon orders 310 new engines worth more than $5 billion

Irish headquartered aircraft lessor Avolon has today announced orders for 310 new engines to power 155 Airbus planes in a deal worth over $5 billion at current list prices - its biggest ever engine commitment.
Business • 23 Jul 24

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