Aircastle, a leading aircraft leasing company, has expanded its portfolio with the acquisition of an A320neo from ORIX Aviation (Ireland). The aircraft is currently operated by flynas, one of Saudi Arabia’s largest low-cost carriers.
Norse Atlantic Airways has completed the redelivery of three Boeing 787-8 aircraft, marking the end of their dry lease sublease arrangement with another airline. The move is part of the airline’s strategy to operate a standardized fleet of 12 Boeing 787-9s, enhancing efficiency, operational flexibility, and cost-effectiveness.
Silver Airways and its subsidiary Seaborne Virgin Islands have been granted approval to extend the 60-day period under Section 1110 of the U.S. Bankruptcy Code as part of their ongoing Chapter 11 restructuring efforts. This extension allows the carriers to maintain control of their aircraft and essential assets, ensuring operational continuitywhile they restructure financially.
Amedeo Air Four Plus, a Guernsey-based aircraft leasing company, has announced that Emirates has exercised its option to redeliver an Airbus A380-861 aircraft, bearing serial number 164, in ‘half-life’ condition. The lease for this aircraft is set to expire on 03 November 2026.
Air Transport Services Group (US) (ATSG) has announced plans to increase its Airbus freighter leasing portfolio in 2025, preparing to introduce up to four A330-300P2Fs (Passenger-to-Freighter conversions) and five A321-200PCFs into its leasing program. This move underscores ATSG’s commitment to expanding its cargo aircraft offerings amid growing demand for converted narrowbody and widebody freighters.
IndiGo (India) has taken delivery of a Boeing 737-800, serial 39412, on wet lease from Corendon Airlines (Turkiye). The aircraft, powered by CFM56-7B26 engines, has been introduced to support IndiGo’s operational needs amid ongoing fleet expansion efforts.
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.
Air Peace, Nigeria’s largest airline, has bolstered its fleet by wet-leasing an Airbus A320, serial number 2975, from SmartLynx Airlines. This strategic move replaces a departing A320, ensuring seamless operations across its domestic and regional networks.
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.
