Air Lease Corporation (ALC), the U.S.-based aircraft leasing giant, has released its first-quarter 2025 performance update, reporting strong investment activity and continued portfolio optimization. The company delivered 14 new aircraft from its orderbook, representing a total investment of approximately US$800 million during the quarter.
Air Cairo, the Egyptian hybrid carrier and subsidiary of EgyptAir, has taken delivery of a Boeing 737-800, serial number 40146, on wet lease from SkyUp Airlines of Ukraine. The aircraft will support the airline’s regional and charter operations during a period of fleet expansion and transition.
Air Algerie, the national airline of Algeria, has expanded its narrowbody fleet capacity by leasing two Boeing 737-800s from SkyUp Airlines of Ukraine and an additional B737-800 from Ascend Airways of the United Kingdom. All aircraft involved in the transaction are listed under the same serial number: 29368, suggesting a complex lease history or possible reassignment.
ACIA Aero Leasing, the Ireland-based regional aircraft lessor, has announced that it expects to complete its first ATR72-600 passenger-to-freighter (P2F) conversion by summer 2025, marking a significant step in the company’s evolving freighter strategy.
Viva, the low-cost carrier based in Mexico, has expanded its operational capacity with the delivery of five Airbus A320neo aircraft through a wet lease agreement with Sky Airline of Chile. The aircraft involved carry serial numbers 10034, 12320, 12325, 12319, and 12344.
VietJet, Vietnam’s leading low-cost carrier, is set to become one of the first international airlines to launch commercial operations of the COMAC C909 beginning mid-April 2025, deploying the aircraft on domestic routes within Vietnam. This move marks a significant step for both VietJet and the Chinese-manufactured narrowbody aircraft as it enters international service.
EVA Air, the Taiwanese full-service carrier, has finalized a firm order with Airbus for six A350-1000s and three A321neo aircraft, formalizing its March 2025 commitment to the European manufacturer. This latest transaction significantly strengthens EVA Air’s widebody and narrowbody expansion pipeline, positioning the airline for long-term fleet modernization and capacity growth.
Croatia Airlines has continued its fleet modernization strategy by retiring another DHC8 turboprop, specifically the unit with serial number 4205, as part of its ongoing transition toward an all-jet fleet centered on the Airbus A220 family. This marks another step in phasing out its legacy De Havilland Canada Dash 8-Q400 aircraft.
Avolon, one of the world’s largest aircraft leasing companies based in Ireland, has reported a highly active first quarter of 2025, marked by robust acquisition, sales, and placement activity. The company acquired 115 aircraft, sold 34 aircraft, and ended the quarter with 66 aircraft agreed for sale, underscoring the strength of demand and fleet turnover in the leasing market.
AviLease, the Saudi Arabian aircraft leasing company, has signed strategic long-term lease agreements with Turkish Airlines for a total of eight Airbus A320neo aircraft. Under the terms of the deal, two aircraft have already been delivered, with the remaining six scheduled for delivery throughout 2025.
