Norwegian has finalized a 10-year senior secured debt facility to support the acquisition of three mid-life Boeing 737-800 aircraft, further strengthening its single-aisle fleet for upcoming growth. The deal is expected to close during the third quarter of 2025 and underscores the airline’s strategy to own more of its fleet, reducing dependency on leases.
Graysky Aviation Capital, a U.S.-based aircraft lessor, has expanded its portfolio through the acquisition of eight Boeing 737-800 aircraft formerly operated by WestJet of Canada. The deal was executed in cooperation with LuminArx Capital Management, a U.S.-based investment firm.
Norwegian, one of Europe’s prominent low-cost carriers, has announced plans to purchase three Boeing 737-800 aircraft that are currently under lease. The acquisition is expected to close in the third quarter of 2025 and will initially be funded through the airline’s cash reserves, with efforts underway to secure long-term financing after completion.
Crestone, a U.S.-based aviation leasing company, has expanded its fleet portfolio with the purchase of three narrowbody aircraft. The acquisition includes two Airbus A319s currently leased to American Airlines and one Airbus A320 on lease to TAP Portugal.
BOC Aviation, a leading global aircraft operating lessor based in Singapore, has appointed Yogesh Farswani as its new Head of OEM Strategy and Procurement, effective 1 July 2025. The appointment is part of the company’s strategic initiative to strengthen engagement with aircraft and engine manufacturers amid ongoing fleet expansion.
Air India, through its wholly owned subsidiary AI Fleet Services, has completed the acquisition of six Boeing 777-300ER aircraft that were previously operated under lease agreements. The aircraft, with serial numbers 39686, 39687, 39688, 39689, 39690, and 41701, were purchased in advance of their scheduled lease expirations in 2026, signaling a strategic move to consolidate fleet ownership.
Avmax, the Canadian aviation services company, has completed a significant fleet acquisition deal with Qantas, purchasing a total of 19 De Havilland Dash 8 Series aircraft, comprising three Q200s and sixteen Q300s. The transaction marks one of the largest secondary market moves involving regional turboprops in the Asia-Pacific region this year.
By the end of 2024, Russia had removed 345 aircraft from the registers of foreign states, marking a significant step in transitioning aircraft ownership to domestic oversight. Additionally, 216 aircraft were acquired for Russian airlines, ensuring continued fleet expansion and operational stability despite international leasing restrictions.
Alsie Express, a Denmark-based airline, has announced changes in its board of directors, with two members being replaced as the airline reviews its strategic priorities. These changes come as Alsie Express puts a hold on its plans to acquire additional aircraft and establish new routes. The decision to pause expansion reflects the airline’s current focus on consolidating its operations…
