Avation, a Singapore-based aircraft lessor, has finalized a six-year lease agreement with PNG Air of Papua New Guinea for one ATR72-600 regional turboprop. The aircraft is currently under lease to Mandarin Airlines in Taiwan and is scheduled to transition to PNG Air during the fourth quarter of 2025.
DHL Express has officially concluded the fleet modernization of its affiliate Air Hong Kong, retiring the last A300-600F in favor of an all-A330F freighter fleet. The final A300-600F, bearing serial number 856, has exited the fleet, marking the end of an era and the completion of a multi-phase transition to newer, more capable aircraft.
Dreamstone Partners, a private equity firm based in South Korea, has partnered with AIP Capital of the United Statesto establish a new aviation-focused consortium targeting investment opportunities across the Asia-Pacific region. The collaboration aims to create a strategic aviation leasing and investment platform, signaling an ambitious expansion into global aviation finance and asset management.
Vietnam Airlines has received official shareholder approval to increase its charter capital by $347.1 million, forming a central component of its strategic long-term plan. The capital infusion will support the acquisition of 50 new aircraft, significantly strengthening the airline’s competitive position in both domestic and international markets.
SIA Group, the parent company of Singapore Airlines, has announced strong financial results for the fiscal year 2024/25. The group achieved a net profit of $2.1 billion, a 3.9% increase year-on-year, largely driven by a one-off, non-cash accounting gain of $846 million arising from the merger of Air India and Vistara. Total revenue climbed 2.8% to $15 billion, while cash and bank balances…
Altavair, a U.S.-based aviation investment and leasing firm, has announced the appointment of Beng Yip as Senior Vice President of Marketing and Head of Asia Pacific, marking a significant expansion in its executive leadership focused on the region. This move reflects Altavair’s intent to deepen its footprint in one of the fastest-growing aviation markets in the world.
Philippine Airlines (PAL) has unveiled its near- and long-term fleet expansion plans, with the introduction of two additional aircraft in 2025, increasing its total fleet from 79 to 81 aircraft. This incremental growth is a prelude to a much larger fleet enhancement initiative that includes nine Airbus A350-1000s and thirteen A321neo aircraft in the coming years.
The Association of Asia Pacific Airlines (AAPA), headquartered in Malaysia, has announced that Qantas, Australia’s flagship carrier, has joined the organization with immediate effect. This significant development strengthens Qantas’ engagement within the Asia-Pacific aviation community and underscores its commitment to regional collaboration.
BOC Aviation (Singapore) has expanded the responsibilities of Paul Kent, its Chief Commercial Officer (CCO), to include oversight of the company’s global airline leasing and sales teams. This expansion consolidates the leasing and sales functions in the Asia-Pacific and Middle East regions under his leadership, integrating them with his existing responsibilities.
Avolon (Ireland) has released a forecast predicting that growth in the Asia-Pacific region will be the primary driver behind global airline revenues surpassing $1 trillion for the first time in 2025. The report highlights the region’s rapidly expanding air travel market and its pivotal role in shaping the future of global aviation.
