Setna iO, a US-based aviation asset management and parts supplier, has announced the acquisition of an ex-Condor Boeing 757-300 airframe for immediate disassembly. The teardown process will be conducted by ecube in Castellon, Spain, as part of Setna iO’s efforts to support the aviation aftermarket with high-quality spare parts.
Red Sea Airlines, a growing Egyptian carrier, has expanded its fleet with the acquisition of a Boeing 737-800, identified by serial number 30708, on lease from AerCap (Ireland). The airline is pursuing an ambitious expansion plan, targeting a fleet of five aircraft by mid-2025 and eight by 2027, with potential future additions of B737-8s.
My Freighter, a cargo airline based in Uzbekistan, has announced the acquisition of its first Boeing 757-200F on lease from Titan Aviation Leasing, headquartered in the United States. The delivery of this freighter aircraft is scheduled for late February 2025, marking a significant milestone in My Freighter’s expansion strategy.
Icelease, an aircraft leasing company based in Iceland, has successfully placed a B737-800BCF (Boeing Converted Freighter), identified by serial number 30879, on lease with ASL Aviation Holdings, headquartered in Ireland. This lease agreement further expands ASL Aviation’s capabilities in the cargo sector.
HNA Holdings, a leading Chinese conglomerate, has announced its intent to sell nine Boeing B787-8 aircraft as part of its ongoing effort to dispose of non-core assets. This move aligns with the company’s broader strategy to streamline its operations and improve financial stability.
Cathay Pacific, the flagship carrier of Hong Kong, has officially launched a bidding process to acquire new widebody aircraft, with the Airbus A350, Boeing B787, and B777X competing for the order. While the final number of jets to be procured has not been confirmed, this development highlights Cathay Pacific’s commitment to modernizing its fleet.
American Airlines has expanded its fleet with the delivery of a new Boeing 737-8, identified by serial number 44506. The aircraft is equipped with LEAP-1B25 engines, known for their efficiency and reliability, further strengthening the airline’s operational capabilities.
Boeing has reported a challenging financial year for 2024, with a 14% drop in revenue to $66.5 billion and a net loss of $11.8 billion. In the fourth quarter, the company faced a 31% revenue decline to $15.2 billion, accompanied by a net loss of $3.86 billion.
Ryanair, the Irish low-cost airline, has shared projections that Boeing will increase the monthly production rate of its B737 MAX aircraft to 38 units by the end of summer 2025. Additionally, production could climb to 42 units per month by October 2025, subject to approval from the Federal Aviation Administration (FAA).
Dubai Aerospace Enterprise (DAE), based in the United Arab Emirates, has announced a definitive agreement with K2 Aviation of Ireland to sell seven aircraft from its portfolio. These aircraft, consisting of both Airbus and Boeingmodels, are currently on lease to six different airline customers.
