Setna iO, a prominent aviation asset management firm based in the United States, has announced the acquisition of a V2533-A5 engine from SmartLynx Airlines. This strategic purchase aims to bolster Setna iO’s inventory of used serviceable material (USM) to support operators of V2500 engines.
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Setna iO (US) has announced a successful amendment to its revolving credit agreement, resulting in an increase in its borrowing capacity to $350 million. This expansion in financial resources is expected to support the company’s continued growth and operational flexibility in the aviation sector.
SmartLynx Airlines, a Latvia-based ACMI and charter operator, has announced plans to transition to a single-type fleetby mid-2025. The airline will operate exclusively Airbus A320 and A321 aircraft while scaling down its A321F freighter operations.
Air Peace, Nigeria’s largest airline, has further strengthened its fleet by wet leasing an additional Airbus A320 aircraft from SmartLynx Airlines, based in Latvia. This aircraft, with serial number 3954, is part of Air Peace’s strategy to enhance its capacity and improve its service offerings across its network.
Fly Vaayu, the United Arab Emirates’ dedicated narrow-body freighter airline, has taken delivery of an Airbus A320P2Faircraft, identified by serial number 2164 and registration A6-MVA. This aircraft is powered by V2527-A5 engines and has been leased from Juniper Aviation Investments.
FlyArystan, the low-cost division of Air Astana, has taken delivery of one Airbus A320, identified by serial number 6614, on lease, as part of its ongoing network and fleet growth. The aircraft is powered by V2527-A5 engines manufactured by IAE, supporting cost-effective short- to medium-haul operations.
Pacific Airlines, based in Vietnam, has expanded its operational capacity by taking delivery of an Airbus A321, serial number 3737, on wet lease from Vietnam Airlines. Equipped with V2533-A5 engines, this aircraft will support Pacific Airlines’ growing route network and bolster its service capabilities.
