Avation, a Singapore-based aircraft lessor, has finalized a six-year lease agreement with PNG Air of Papua New Guinea for one ATR72-600 regional turboprop. The aircraft is currently under lease to Mandarin Airlines in Taiwan and is scheduled to transition to PNG Air during the fourth quarter of 2025.
Aleutian Airways, a regional carrier based in the United States, has taken delivery of its first ATR42-600, marking a key milestone in its fleet development strategy. The aircraft, bearing manufacturer serial number 1405, is being introduced under a lease agreement with Azorra Aircraft Leasing, a U.S.-based lessor with a strong presence in the regional aircraft leasing space.
Air Lease Corporation (ALC) and several of its subsidiaries have successfully entered into settlement agreements with unnamed insurance providers, resulting in a total recovery of $112.4 million in cash proceeds. The settlements bring closure to a protracted claims process that had been ongoing, likely related to aircraft detained or affected by geopolitical or operational incidents.
Clover Aviation Capital, a Hong Kong-based aircraft lessor, has announced the re-appointment of Jason Bo Yao as an Independent Non-Executive Director to its board of directors, effective 1 July 2025. The decision reflects the company’s commitment to board continuity and governance strength amid evolving market conditions.
Aviation Capital Group (ACG) has announced the appointment of Cronan Enright to the newly created position of Head of Strategy. This appointment underscores ACG’s commitment to enhancing its long-term strategic vision as it navigates a rapidly evolving global aviation market.
AviaAM Leasing, a Lithuania-based aircraft leasing and asset management company, has successfully completed the sale of two Boeing 737-800 aircraft, identified by serial numbers 37751 and 37765. This transaction reflects the company’s ongoing strategy to actively manage and optimize its portfolio by capitalizing on market opportunities.
VietJet Air, a prominent Vietnamese low-cost carrier, has lost a legal battle in a London court and is now liable to pay $181 million to FW Aviation (UK) for breaching aircraft lease agreements involving Airbus A321 aircraft. The court ruled that the termination notices served by FW Aviation were valid and enforceable, ending VietJet’s challenge.
BOC Aviation, a leading global aircraft operating lessor based in Singapore, has appointed Yogesh Farswani as its new Head of OEM Strategy and Procurement, effective 1 July 2025. The appointment is part of the company’s strategic initiative to strengthen engagement with aircraft and engine manufacturers amid ongoing fleet expansion.
Oman Air is actively seeking to expand its narrowbody fleet in preparation for planned network growth in 2026 and 2027. The airline is currently evaluating the aircraft leasing market for available units and is also exploring the possibility of placing direct orders with manufacturers, signaling a dual-path strategy for capacity expansion.
Macquarie AirFinance, based in Ireland, has delivered a new Airbus A320neo to Scandinavian Airlines (SAS) under a long-term lease agreement, marking the first of three A320neo aircraft it will supply from its existing orderbook. This transaction supports SAS’s ongoing fleet renewal strategy focused on environmental efficiency and standardized operations.
