Deucalion Aviation, a UK-based aircraft asset manager and lessor, has announced the successful delivery of a second Airbus A321 aircraft to Turkish Airlines under a long-term operating lease agreement. The aircraft, manufactured in 2014, is powered by IAE V2527-A5 engines and joins Turkish Airlines’ growing narrowbody fleet as part of its network expansion strategy.
AJet, the low-cost brand recently rebranded from AnadoluJet under Turkish Airlines Group, has taken delivery of an Airbus A321, with serial number 2261, on a wet lease arrangement from BBN Airlines Turkiye. The aircraft is powered by IAE V2533-A5 engines and is expected to serve high-demand regional routes within the carrier’s expanding network.
Turkish Airlines has become the first airline globally to utilize the Sompo AXIS Aviation Finance Insurance product to finance its new aircraft, signaling a unique innovation in aviation financing. The carrier applied the solution to the acquisition of two aircraft: one Airbus A350-900 and one Airbus A321neo.
Atlas Air Worldwide Holdings, a major U.S.-based cargo operator, has entered into a new long-term ACMI (Aircraft, Crew, Maintenance, and Insurance) agreement with Turkish Cargo, the freight division of Turkish Airlines. Under this contract, Atlas Air will operate a Boeing 747-400 Freighter on behalf of Turkish Cargo starting in May 2025.
Turkish Airlines reported a net loss of US$44 million for the first quarter of 2025 on revenues totaling US$4.88 billion. Despite the loss, the airline maintained a strong cash and cash equivalents position of US$2.3 billion, reinforcing its liquidity strength heading into the peak summer season.
Turkish Airlines has expanded its narrowbody fleet with the delivery of an Airbus A321neo, identified by serial number 11734, powered by LEAP-1A32 engines from CFM International. The delivery is part of the airline’s aggressive fleet expansion strategy supporting both domestic and international network growth.
AviLease, the Saudi Arabian aircraft leasing company, has signed strategic long-term lease agreements with Turkish Airlines for a total of eight Airbus A320neo aircraft. Under the terms of the deal, two aircraft have already been delivered, with the remaining six scheduled for delivery throughout 2025.
World Star Aviation (UK) has successfully delivered two CFM56-7B engines on lease to Turkish Airlines and Go2Sky (Slovakia), further strengthening its presence in the engine leasing market. Additionally, the company has novated a CFM56-5B engine lease to Croatia Airlines, ensuring continued support for airline fleet operations.
Turkish Airlines has expanded its fleet with the addition of a new Airbus A321neo, further enhancing its operational capabilities. The newly delivered aircraft, identified by serial number 12431, is powered by PW1133G-JM engines, which provide increased fuel efficiency and lower emissions.
Turkish Airlines (THY) has had its request to operate five additional weekly flights to Canada from April 1, 2025, denied by Canadian authorities. The request, which sought extra-bilateral authority, was rejected as it would substantially modify the negotiated air service agreement outside of the formal renegotiation process.
