LOT Polish Airlines has announced plans to retire its entire Embraer E1 fleet by 2030, as part of a long-term fleet modernization program. The E1 jets will be replaced with new Airbus A220s, which offer improved fuel efficiency, lower emissions, and enhanced passenger comfort for short- and medium-haul operations.
Kuwait Airways has taken delivery of its second Airbus A321neo, identified by serial number 12507, continuing its wide-ranging narrowbody fleet renewal program. The aircraft is powered by LEAP-1A32 engines, supplied by CFM International, known for their efficiency and low emissions. This delivery is part of a nine-aircraft agreement the airline has in place for the A321neo model.
JP Lease Products & Services (Japan), in collaboration with JLPS Ireland, has finalized the acquisition of a new Airbus A350-900 through a sale and leaseback (SLB) transaction with Air France. The deal was financed with debt provided by the Commonwealth Bank of Australia, Tokyo Branch, reinforcing investor interest in high-spec widebody assets.
Finnair, the flag carrier of Finland, will continue operating two Airbus A330 aircraft on a wet lease basis for Qantasuntil the end of the winter 2026 season, after which the leases will transition to dry lease arrangements. This decision comes as part of a mutually beneficial partnership between the two airlines, supporting Qantas’s long-haul operations amid evolving fleet requirements.
The Export-Import Bank of the United States (EX-IM Bank) has approved a transaction totaling nearly $297 millionto support the export of Boeing B787-10 aircraft and spare GE propulsion equipment to TAAG Angola Airlines. The financing is structured as a final commitment aimed at facilitating a key widebody fleet acquisition by Angola’s national carrier.
Gulf Air, the national carrier of Bahrain, has finalized an agreement with Boeing for the purchase of 12 B787 aircraft, with options for six additional units. This significant order represents a continued commitment by Gulf Air to expand and modernize its widebody fleet in support of long-haul growth strategies.
Nepal Airlines has now repaid $3.9 million in loan installments tied to the financing of its commercial aircraft fleet, consisting of two narrowbody and two widebody aircraft. This repayment is part of the carrier’s obligations from loans obtained for the acquisition of these aircraft during an earlier fleet modernization phase.
Icelandair has reported a net profit of $13 million for the second quarter of 2025, marking a solid financial rebound supported by rising travel demand and improved operational efficiency. The airline also saw a 13% increase in quarterly revenue, reaching $463 million, compared to the same period in the previous year.
SmartLynx Airlines, a Latvia-based ACMI and charter specialist, has entered into a wet lease agreement with Vietnam Airlines, extending its growing presence in the Southeast Asian market. Although the aircraft type and duration of the agreement have not been disclosed, the deal signifies further expansion of SmartLynx’s global leasing footprint.
Japan Airlines (JAL) has taken delivery of a new Airbus A350-1000, with manufacturer serial number (MSN) 729, continuing its widebody fleet renewal strategy. The aircraft is powered by Rolls-Royce Trent XWB-97 engines, the most powerful engines in the Trent family, specifically developed for the A350-1000 to enhance long-haul efficiency and range.
