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.
Avion Express, the Lithuanian ACMI and charter specialist, has taken delivery of an Airbus A320, serial number 4094, as part of a lease agreement. The aircraft is powered by V2527-A5 engines and will support the airline’s expanding global wet lease and charter operations.
Crestone, a U.S.-based aviation investment firm, has expanded its portfolio with the acquisition of two Boeing narrowbody aircraft currently under lease with major North American carriers. The firm has purchased one B737-800, leased to Sunwing Airlines of Canada, and one B737-700, leased to Southwest Airlines in the United States.
BOC Aviation, a leading aircraft leasing company based in Singapore, has expanded its partnership with Boeing by signing an agreement to purchase 50 new B737-8 aircraft. This move is part of BOC Aviation’s strategic initiative to modernize its fleet with more fuel-efficient and technologically advanced aircraft.
BOC Aviation, a prominent Singapore-based aircraft leasing company, has announced a significant agreement with Airbus for the purchase of 70 aircraft from the A320neo family. This deal underscores BOC Aviation’s commitment to expanding its fleet with modern, fuel-efficient aircraft while bolstering its offering to airline customers globally.
DP Aircraft I, a UK-based aircraft leasing company, has entered into a significant agreement with LOT Polish Airlines for the lease of two Boeing 787-8 aircraft. This arrangement will be managed through DP Aircraft I’s newly established Irish special purpose vehicles (SVPs), named DP Aircraft Ireland MSN 36110 and DP Aircraft Ireland MSN 35320.
Air India Express, the budget airline subsidiary of India’s flagship carrier, has entered into definitive engine sale/leaseback agreements with Willis Lease Finance Corporation (WLFC), a prominent player in the aviation engine leasing market based in the US. This agreement pertains to 26 CFM56-7B engines installed on 13 of its Boeing 737-800 aircraft.
SolitAir, based in the UAE, has recently expanded its cargo fleet capabilities by taking delivery of a Boeing 737-800BCF (Boeing Converted Freighter). This aircraft, bearing serial number 33023, has been acquired on a wet lease from ASL Aviation Holdings, a prominent Ireland-based aviation services company.
Avation PLC, a commercial passenger aircraft leasing company based in Singapore, has successfully completed the acquisition of an Airbus A320 aircraft. This aircraft, built in 2013, is on a long-term lease to Etihad Airways, the national airline of the UAE, with the lease agreement extending until October 2031.
