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.
AFG Aviation Ireland Limited (AFG) has announced the appointment of Imtiaz Khot as Senior Vice President – Commercial. Khot brings extensive experience in airline marketing, aircraft transactions, and structured leasing agreements, following a distinguished career spanning over two decades in the aviation industry.
BOC Aviation, a leading Singapore-based global aircraft leasing company, has announced the appointment of Wen Lanas its new Chief Financial Officer (CFO), effective March 1, 2025. She succeeds Wu Jianguang, who is retiring after a tenure overseeing the company’s financial operations.
Silver Airways and Seaborne Virgin Islands, both operating under bankruptcy proceedings, have filed a court request to extend agreements with aircraft lessors beyond the current 60-day period. The airlines seek additional time to finalize the sale of their assets, ensuring a structured transition amid financial restructuring efforts.
Crestone Air Partners, a U.S.-based aircraft asset management and leasing firm, has expanded its executive leadership team with the appointment of Jason Greenberg as Chief Legal Officer and General Counsel and Bernadette Ryan as Vice President of Contracts. These additions strengthen the company’s legal framework and contractual operations, reinforcing its commitment to structured growth and operational excellence.
