AAV News in Brief 22 February 2026

Axis Bank and IndiGo unveil co-branded credit cards: Axis Bank, one of the largest private sector banks in India and IndiGo have partnered to launch co-branded credit cards that are tailored to meet the evolving needs of Indian consumers. The cards, available in two variants – IndiGo Axis Bank Credit Card and IndiGo Axis Bank Premium Credit Card, have been thoughtfully crafted to reward spenders through IndiGo’s loyalty program, IndiGo BluChip. The collaboration aims to enable convenient and hassle-free earning of rewards on everyday purchases and travel-related expenses. Both cards offer IndiGo BluChips on eligible transactions, with accelerated earnings for spends on IndiGo channels. Customers will also enjoy welcome and renewal benefits, milestone rewards, and a suite of lifestyle privileges including lounge access, entertainment offers, dining discounts, and reduced forex markup depending on the chosen card variant. The cards will be launched on RuPay and Visa networks. Neetan Chopra, Chief Digital and Information Officer, IndiGo, said, “IndiGo is committed to continuously enhancing the value proposition to our customers, especially our loyal frequent flyers, and our partnership with Axis Bank is an important step in this direction. We are excited to launch these co-branded credit cards, which convert everyday spends into IndiGo BluChips and combine IndiGo’s convenient, reliable service with Axis Bank’s extensive banking network. With premium lifestyle benefits, we are sure that these co-branded credit cards will make our customers’ experience with IndiGo even more rewarding.” Avolon prices senior unsecured notes: Avolon, a leading global aviation finance company, announced the pricing of a private offering by its wholly owned subsidiary, Avolon Holdings Funding Limited, for a principal aggregate amount of US$1.5 billion, including US$750 million of 4.200% senior unsecured notes due 2029 and US$750 million of 4.850% senior unsecured notes due 2033. The notes will be fully and unconditionally guaranteed by Avolon, and by certain of its subsidiaries. The offering is expected to close on or about 23 February 2026, subject to customary closing conditions. Net proceeds from the Offering will be used for general corporate purposes, which may include funding the repurchase of a portion of Avolon’s ordinary shares held by Global Aircraft Leasing Co., Ltd. and ORIX Aviation Systems Limited, and the future repayment of outstanding indebtedness. The notes will not be registered under the U.S. Securities Act of 1933 or any state securities law and may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and applicable state securities laws. The notes will be offered in the United States only to qualified institutional buyers under Rule 144A of the Securities Act and outside the United States under Regulation S of the Securities Act. Aviation safety champions named in CASA’s 2026 scholarship round: The Civil Aviation Safety Authority (CASA) announced the three recipients of its latest safety manager scholarship program. Western Australians Kate Woolley and Jake Polkinghorne, along with Susan Carroll from Victoria, have each been awarded a $5,000 scholarship to support their professional development and further strengthen safety leadership across Australia’s aviation sector. The safety manager scholarships were first awarded in 2023 and form part of CASA’s commitment to ensuring up-and-coming safety managers are equipped to handle the complexities of their role, and have access to the tools and support necessary to further their careers. CASA Chief Executive Officer and Director of Aviation Safety Pip Spence says aviation safety is a shared responsibility across the industry, and the role of safety managers is crucial to maintaining and improving Australia’s strong safety record. “Safety managers play an essential role in upholding and continuously improving Australia’s strong safety record,” Spence says. “They lead and coordinate everything related to safety within their organisation, whether they’re part of a larger team or the sole specialist in a smaller operation. These scholarships not only acknowledge their dedication but also equip them with valuable resources to further strengthen their skills and expertise.” Cantor Air acquires new Tecnam P2006T NGs: Tecnam announced that the Italian Flight Training Organisation Cantor Air (IT.ATO.0004) has confirmed the acquisition of three (3) new P2006T NG aircraft, with options for additional units in the future. This latest agreement marks a significant step in Cantor Air’s fleet modernization strategy, reinforcing a partnership built on shared values of innovation, safety, and operational excellence. The new twin-engine aircraft will join the academy’s existing fleet, which already includes the Tecnam P2008JC and P2010 TDI, further streamlining the training pathway for its cadets. The selection of the P2006T NG (Next Generation) ensures a seamless transition for students. Cadets will continue Multi Engine Training to the final step of their Commercial Pilot License  (CPL)  on a platform that mirrors the avionics they have mastered on the P2010 TDI. Both aircraft feature the state-of-the-art Garmin G1000 NXi suite, allowing for a consistent “family feel” in the cockpit. The P2006T NG features an advanced Flight Management System (FMS) keypad, designed to familiarize students with complex avionics workflows. This configuration mirrors modern airline operational standards, ensuring full alignment with Competency-Based Training (CBT) principles. Magnetic Trading acquires Airbus A320 aircraft: Magnetic Trading has acquired two Airbus A320-214 aircraft, MSN 1530 and MSN 1540, from Stratton Aviation, supporting the long-term development of its trading and airframe teardown strategy. Both aircraft are currently located at Brunswick Executive Airport, USA, where they are prepared for teardown. The disassembly will be performed at Stratton Aviation’s MRO facility on site and is expected to take several weeks. The project reflects continued growth in demand for used serviceable material (USM), driven by increasing flight activity, ageing global fleets, and the need for cost-effective, reliable component supply across the aviation industry. “This acquisition reflects a strategic shift to further strengthen our trading activities,” said Airina Kacienaite-Krake, Managing Director of Magnetic Trading. “While aircraft parts trading has always been an important part of our business, this project marks a move beyond brokerage into a more advanced trading model. By being directly involved in teardown projects, with parts repaired and sold to end customers, we gain greater control over supply and strengthen our position in the market.” American Airlines selects CFM engines: American Airlines and CFM International, a 50/50 joint company between GE Aerospace and Safran Aircraft Engines, announced that American’s future deliveries of Airbus A321neo aircraft will continue to be powered by the CFM LEAP-1A engine. These engines will be installed on Airbus A321neo aircraft that American ordered two years ago. As part of the expanded partnership, CFM International will continue to provide long-term maintenance for American’s CFM LEAP-1A engines for years to come. The agreement was announced by American Airlines CEO Robert Isom and GE Aerospace Chairman and CEO H. Lawrence Culp, Jr. “American is proud to operate more CFM/GE Aerospace powered mainline and regional aircraft than any other airline in the world, and American’s aircraft have flown with GE Aerospace technology for almost a century,” said American’s CEO Robert Isom. “We are excited that CFM LEAP engines will power our next phase of A321neo deliveries, maximizing the power of our fleet investments to deliver the best network to our customers utilizing the best-performing engine in the business.” American currently operates 84 A321neo and 5 A321XLR aircraft, with 120 A321neo and 35 A321XLR aircraft on order through 2032, all to be powered by CFM LEAP-1A engines. The airline also has options to purchase 116 additional A320neo family aircraft from Airbus which, if exercised, will also be outfitted with CFM LEAP-1A engines. Embraer’s Phenom 300 series dominates light jet market: Embraer announced that its Phenom 300 series has maintained its position as the world’s best-selling light jet for the 14th consecutive year, according to data released by the General Aviation Manufacturers Association (GAMA). The data also confirmed the light jet as the most delivered twin-engine jet for the sixth year in a row. In 2025, Embraer delivered 72 Phenom 300 series aircraft, marking the highest annual total of this decade. With more than 900 aircraft in service worldwide, operating in 70 countries and accumulating over 2.9 million flight hours, the Phenom 300 series once again set the benchmark for performance, technology, and comfort in the light jet segment. “The Phenom 300E continues to dominate the light jet category because it delivers what customers value most: unmatched performance, advanced technology, and an exceptional ownership experience,” said Michael Amalfitano, President & CEO of Embraer Executive Jets. “Year after year, the Phenom 300E remains the benchmark in its class—reinforcing its leadership position and the trust our customers place in our brand. We are proud to celebrate yet another milestone in the ongoing success of the world’s most desired light jet.” For Editorial Inquiries Contact: Editor Matt Driskill at [email protected] For Advertising Inquiries Contact: Head of Sales Sally Passey at [email protected]