Hanwha Aviation, a South Korean aircraft lessor, is considering adding freighters to its leasing portfolio and developing Maintenance, Repair, and Overhaul (MRO) capabilities as part of its long-term growth strategy. The company is assessing market opportunities to expand its presence in the air cargo leasing sector while strengthening its technical service offerings.
Aircraft Engine Lease Finance (US) has acquired an Airbus A330-300, serial 1754, currently on lease to South African Airways (SAA). The acquisition expands the company’s widebody leasing portfolio.
Air Transport Services Group (ATSG) has reported its 2024 financial results, posting total revenue of $2.0 billionand a net income of $27.4 million. The company also recorded $517 million in revenue for Q4 2024, with a quarterly net income of $14.7 million. The results highlight ATSG’s stable financial position in the air cargo and leasing industry.
Aviation Capital Group (ACG), a leading global full-service aircraft asset manager, has announced the delivery of one Boeing 737-8 aircraft to Air India Express. This aircraft, equipped with CFM International LEAP-1B engines, marks the fifth delivery in a series of multiple-aircraft sale-leaseback transactions between ACG and Air India Express.
Avation PLC, a Singapore-based commercial passenger aircraft leasing company, has released its unaudited financial results for the six months ended December 31, 2024. The company reported a profit after tax of US$868,000, marking a significant turnaround from the loss recorded in the same period last year.
Nordic Aviation Capital (NAC), the leading regional aircraft lessor based in Ireland, has finalized its acquisition by Dubai Aerospace Enterprise (DAE) following shareholder approval. This strategic acquisition was first announced last month and has now been officially ratified, marking a significant expansion for DAE into the regional aircraft leasing market.
Macquarie AirFinance (Ireland) has successfully completed the delivery of three Airbus A320neo aircraft to its new customer, Avianca (Colombia). This milestone marks the beginning of a leasing partnership between the two companies, supporting Avianca’s fleet modernization and network expansion.
KF Aerospace has announced the acquisition of an ATR 72-500 Freighter, serial 736, from ACIA Aero Leasing as part of its continued fleet expansion. The aircraft is scheduled to enter service in April 2025.
Air Lease (US) has announced long-term lease agreements with Qanot Sharq Airlines (Uzbekistan) for the delivery of five Airbus A321neo aircraft, including three A321XLRs and two A321LRs. These aircraft will be delivered in 2026 and 2027 from Air Lease’s existing orderbook with Airbus.
Alliance Airlines (Australia) has confirmed a major fleet expansion centered around the Embraer E190, with multiple lease agreements set to strengthen its operations through 2025 and 2026.
