Aircraft Orders & Deliveries
BOC Aviation Reports Record Earnings and Largest Aircraft Order in 2025
BOC Aviation posts $342M net profit in H1 2025 with record core earnings and a 120-aircraft order amid global leasing market growth.
BOC Aviation Reports Record-Breaking Growth Amid Surging Aircraft Leasing Market Demand in First Half 2025
BOC Aviation Limited delivered exceptional financial performance in the first half of 2025, reporting a net profit after tax of $342 million and achieving what the company describes as its highest core interim earnings in history. The Singapore-based aircraft leasing giant demonstrated remarkable resilience and strategic positioning within a rapidly expanding global aircraft leasing market. Industry analysts project this market will reach nearly $400 billion by 2034. With total revenues climbing 6% to $1.2 billion and the completion of its largest aircraft order comprising 120 new aircraft, BOC Aviation’s results underscore the fundamental strength of the aircraft leasing sector while highlighting the company’s successful navigation of supply chain challenges and growing Airlines demand across diverse global markets.
As the aviation industry continues to rebound from pandemic disruptions, the performance and strategic moves of leading lessors like BOC Aviation offer valuable insight into the sector’s future trajectory. The company’s financial and operational achievements not only reflect its own robust management but also signal broader trends in airline fleet renewal, financing strategies, and global air travel demand. This article examines BOC Aviation’s latest interim results, its evolving fleet strategy, and its position within the competitive landscape of aircraft leasing.
In a market characterized by tightening supply chains, shifting regulatory frameworks, and evolving airline business models, BOC Aviation’s first half 2025 results provide a case study in operational excellence and adaptive strategy. By analyzing the company’s financials, fleet composition, and strategic outlook, we gain a clearer understanding of the forces shaping the future of global aviation finance.
Corporate Background and Evolution of BOC Aviation
BOC Aviation stands as one of the most prominent success stories in the aircraft leasing sector. Founded in 1993 as Singapore Aircraft Leasing Enterprise Pte. Ltd., the company initially benefited from its ties to Singapore Airlines and Boullioun Aviation Services. In 1997, the entry of Temasek Holdings and the Government of Singapore Investment Corporation provided the capital needed for accelerated expansion. This diversified shareholder base enabled the company to establish itself as a major player in the burgeoning Asian aviation market during the late 1990s and early 2000s.
A pivotal moment arrived in December 2006 when Bank of China acquired the company for $965 million. This acquisition marked Bank of China’s first major overseas investment and signaled a strategic move into global aviation finance. The company was subsequently renamed BOC Aviation Pte. Ltd. in July 2007, integrating it into one of China’s largest and most internationally focused financial institutions. This move provided the scale and financial backing necessary for BOC Aviation to compete globally.
BOC Aviation’s listing on the Hong Kong Stock Exchange in June 2016 further diversified its funding sources and increased its financial flexibility. Today, the company operates as a leading global aircraft operating lessor, with a business model grounded in strong industry trends and a management team with decades of specialized aviation experience. Notably, BOC Aviation has achieved more than 30 years of unbroken profitability, underscoring the resilience of its business model and operational discipline.
“BOC Aviation benefits from long-term, U.S. Dollar denominated cash flows from a globally diversified airline customer base, while owning assets with values denominated in U.S. Dollars, providing natural currency hedging.”
Financial Performance Analysis: Record-Breaking First Half Results
BOC Aviation’s financial results for the first half of 2025 highlight its robust performance and adaptability. The company reported a net profit after tax of $342 million. While this was lower than the $460 million reported in the first half of 2024, the prior year’s figure included $175 million in non-recurring write-backs related to previously impaired aircraft. When adjusted for these extraordinary items, core profit growth reached 20%, setting a new record for the company’s interim earnings.
Total revenues and other income rose to $1.242 billion, a 6% increase from the $1.174 billion recorded in the same period of 2024. Lease rental income accounted for approximately 75% of this total, with the remainder coming from interest, fees, and gains on aircraft sales. Earnings per share stood at $0.49, reflecting the impact of the non-recurring items in the prior year but demonstrating solid core business growth.
Balance sheet strength remains a hallmark of BOC Aviation’s strategy. As of June 30, 2025, total assets climbed to $25.6 billion, up 2% from the end of 2024. Net assets reached $6.5 billion, supporting ongoing growth objectives while maintaining conservative financial metrics. Liquidity was robust, with $533 million in cash and $5.5 billion in undrawn committed credit facilities, providing ample flexibility for future investments and obligations.
Operating cash flow after interest payments reached $1.0 billion, a 10% increase from the first half of 2024. The Board declared an interim dividend of $0.1476 per share, representing 30% of first half net profit and maintaining a consistent payout ratio. This reflects the company’s confidence in its financial sustainability and ongoing ability to generate strong cash flows.
“This exceptional cash generation capability reflects the high-quality, contracted nature of the company’s revenue streams and provides the foundation for both dividend payments and reinvestment in fleet growth.”
Fleet Composition and Operational Excellence
BOC Aviation’s fleet management strategy emphasizes maintaining a young, modern, and fuel-efficient portfolio. As of June 30, 2025, the company’s total portfolio included 834 aircraft and engines: 441 owned aircraft, 32 managed aircraft, and 351 on order. The average age of the owned fleet was just 5.0 years, with an average remaining lease term of 7.9 years, among the youngest and longest in the industry.
Customer diversification is another cornerstone of the company’s risk management. BOC Aviation serves 92 airlines across 45 countries and regions, reducing exposure to any single market or customer. This broad base spans both developed and emerging markets, including high-growth regions in Asia and Latin America.
Operational metrics underscore the company’s asset management capabilities. BOC Aviation achieved 100% utilization of its owned aircraft during the first half of 2025, and cash collection from airline customers reached 100.7%, indicating not only full collection of receivables but also recovery of some previously delinquent amounts. The company completed 75 individual transactions in the second quarter alone, including 18 aircraft purchases, 13 deliveries, and 14 aircraft sales. Notably, it sold 18 aircraft with an average age of 10.4 years, supporting ongoing portfolio renewal.
The company’s record order for 120 new aircraft, 70 Airbus A320NEO family and 50 Boeing 737-8, expands its orderbook to 351 aircraft scheduled for delivery through 2032. All aircraft set for delivery before May 2027 have already been placed with airline customers, demonstrating strong forward demand and reducing execution risk.
“The focus on narrow-body, next-generation aircraft aligns with industry demand patterns, as airlines prioritize fuel-efficient aircraft that can serve both domestic and regional international routes efficiently.”
Strategic Market Positioning and Growth Initiatives
BOC Aviation leverages its scale and financial strength to maintain a leading position in the global aircraft leasing market. Its relationship with Bank of China provides access to diversified funding sources and a global network of airline and manufacturer relationships. This integration supports coordinated financial solutions and enables the company to offer comprehensive services to airline customers worldwide.
The company’s geographic footprint, spanning Singapore, Dublin, London, New York, and Tianjin, facilitates round-the-clock service and access to multiple regulatory and funding markets. Recent transactions, such as the June 2025 lease agreement with Avianca for nine Airbus A320NEO aircraft, demonstrate BOC Aviation’s focus on high-growth markets and its ability to support major airline fleet modernization programs.
BOC Aviation completed its largest-ever five-year term loan facility in the first half of 2025, raising $1.5 billion from 21 banks globally. This financing success reflects the company’s strong credit profile and continued access to global capital markets. Its managed fleet services, comprising 32 aircraft, further diversify revenues and leverage operational expertise without significant capital investment.
“The company’s strategy involves purchasing new, fuel-efficient aircraft at competitive prices, placing them on long-term leases with a diversified customer base, and selling older aircraft to maintain a young fleet while generating capital gains.”
Industry Context and Market Dynamics
The global aircraft leasing market is experiencing rapid growth, with a value of approximately $183 billion in 2024 and projections to reach nearly $400 billion by 2034. This expansion is driven by airlines’ increasing preference for fleet flexibility, reduced capital expenditure, and asset-light business models. Leasing allows airlines to adapt quickly to market changes without the long-term financial commitments of ownership.
Technological advancements are reshaping the industry. Leasing companies are increasingly deploying artificial intelligence and machine learning to analyze aircraft performance, optimize lease structures, and predict market demand. These tools enable more accurate residual value estimation and enhance portfolio management through real-time monitoring and predictive maintenance.
Regional trends highlight significant opportunities in emerging markets, particularly Asia-Pacific, where air travel demand is surging. The International Air Transport Association reported that in 2024, international air traffic reached 99.1% of 2019 levels, with Asia-Pacific recording a 92.6% increase in international demand over 2023. Supply chain constraints, however, continue to affect aircraft production, making leasing an attractive solution for airlines seeking timely fleet expansion.
“The aviation industry’s broader financial outlook supports continued growth in aircraft leasing demand, with industry revenues expected to exceed $1 trillion in 2025 and airline profitability projected to reach $36.6 billion.”
Strategic Outlook and Future Growth Trajectory
BOC Aviation’s strategic outlook is anchored by its ambitious target of reaching $40 billion in assets by 2030, requiring average annual growth of about 8%. The company’s nearly $20 billion orderbook of future committed capital expenditure provides a solid foundation for this growth. Manufacturer forecasts from Airbus and Boeing support the expectation of strong long-term demand, with both projecting global demand for over 43,000 new aircraft over the next two decades.
Geographic diversification remains central to BOC Aviation’s strategy, with a focus on high-growth regions such as Asia-Pacific, where passenger numbers are expected to grow by 7.9% in 2025. The company’s strong credit ratings and liquidity position ensure it can capitalize on growth opportunities while maintaining conservative risk management. Its emphasis on next-generation, fuel-efficient aircraft aligns with environmental trends and airline sustainability goals.
Technological innovation and ESG considerations are expected to shape the future of aircraft leasing. BOC Aviation’s commitment to maintaining a young, efficient fleet positions it to benefit from airlines’ fleet renewal and decarbonization initiatives. As the industry evolves, the company’s operational and financial discipline will remain key to sustaining its leadership in the global market.
Conclusion
BOC Aviation’s first half 2025 results exemplify operational excellence and strategic foresight in a dynamic aircraft leasing market. Record core profits, revenue growth, and balance sheet expansion highlight the company’s ability to navigate industry challenges and capitalize on emerging opportunities. The company’s record aircraft order and robust orderbook position it for sustained growth, while its diversified customer base and strong liquidity provide resilience against market volatility.
As global air travel continues to recover and airlines pursue fleet modernization, BOC Aviation’s scale, relationships, and operational expertise position it to capture a significant share of future market expansion. The company’s disciplined approach to risk management and capital allocation, combined with its focus on technological innovation and Sustainability, will be critical in maintaining its competitive edge in the evolving landscape of aviation finance.
FAQ
Q: What was BOC Aviation’s net profit after tax in the first half of 2025?
A: BOC Aviation reported a net profit after tax of $342 million for the first half of 2025.
Q: How many aircraft did BOC Aviation order in the first half of 2025?
A: The company placed its largest order ever, committing to purchase 120 new aircraft (70 Airbus A320NEO and 50 Boeing 737-8).
Q: What is the average age of BOC Aviation’s owned fleet?
A: The average age of the owned fleet is 5.0 years, positioning it among the youngest in the industry.
Q: How diversified is BOC Aviation’s customer base?
A: BOC Aviation serves 92 airlines across 45 countries and regions, providing significant geographic and customer diversification.
Q: What is BOC Aviation’s target for total assets by 2030?
A: The company aims to reach $40 billion in assets by 2030.
Sources: BOC Aviation 1H2025 Interim Results
Photo Credit: BOC Aviation
Aircraft Orders & Deliveries
Saudia Expands Fleet with Airbus A321XLR and 12 New Aircraft in 2026
Saudia plans to add 12 aircraft in 2026, reaching 161 total. The fleet includes the Airbus A321XLR, enhancing long-haul efficiency and premium service.
This article is based on an official press release from Saudia.
Saudia, the national flag carrier of the Kingdom of Saudi Arabia, is accelerating its fleet modernization strategy. According to an official company press release, the airline plans to take delivery of 12 new aircraft throughout 2026. This ongoing expansion is projected to bring Saudia’s total active fleet to 161 aircraft by the end of the year.
The 2026 delivery schedule is designed to reinforce the airline’s long-term transformation strategy. By integrating next-generation aircraft, Saudia aims to increase operational capacity, improve network flexibility, and support the development of new international destinations while elevating the overall passenger experience.
Modernizing the Fleet with Next-Generation Aircraft
The Airbus A321XLR Game-Changer
A major highlight of this expansion phase is the introduction of the Airbus A321XLR. Supplementary industry data indicates that Saudia is the first operator of this extra-long-range narrow-body jet in the Middle East and Africa, having received its first unit in late May 2026. The airline has 15 A321XLRs on order, with all expected to be delivered by the end of 2027.
The A321XLR boasts a range of up to 8,700 kilometers, allowing Saudia to operate long-haul routes with the economic efficiency of a single-aisle aircraft. It features a premium, low-density 144-seat configuration, which includes 24 full-flat Business Class suites and 120 Economy Class seats.
Enhancing the A321neo Experience
Alongside the XLR, the standard Airbus A321neo further enhances Saudia’s narrow-body capabilities for short-to-medium-haul routes. The press release notes that these aircraft feature 188 seats, 20 in Business Class and 168 in Guest Class. Both aircraft types are equipped with high-speed inflight connectivity, 13-inch personal entertainment screens, and upgraded cabin designs aimed at improving onboard comfort.
Operational Readiness and Workforce Development
Expanding a global fleet requires significant logistical and human resource planning. Saudia has emphasized that workforce preparation is occurring concurrently with its aircraft deliveries. To prevent operational bottlenecks, the airline has already graduated new cohorts of pilots, cabin crew, and maintenance specialists through training programs aligned with international aviation standards.
“Preparing the workforce for fleet expansion is just as important as preparing the aircraft themselves,” stated His Excellency Engr. Ibrahim Al-Omar, Director General of Saudia Group, in the official release.
With the fleet expected to reach 161 aircraft by year-end, additional cohorts are currently undergoing training to support future deliveries, reflecting the airline’s commitment to developing national talent.
Strategic Alignment with Saudi Vision 2030
The fleet expansion is heavily intertwined with Saudi Vision 2030. According to broader industry reports, the Kingdom’s National Aviation Strategy aims to attract 150 million visitors annually and accommodate 330 million airport users by the end of the decade. Saudia’s growth is positioned as a critical enabler of these tourism and connectivity ambitions.
AirPro News analysis
We observe that Saudia’s deployment of the A321XLR represents a strategic “right-sizing” of its network. By utilizing a 144-seat narrow-body aircraft on routes to Europe or the Maldives, the airline can maintain premium service frequencies without the financial risk of operating half-empty wide-body jets, such as the Boeing 787 or 777.
Furthermore, this expansion comes amid heightened domestic competition. With the launch of the Kingdom’s second flag carrier, Riyadh Air, in late 2025, and the aggressive growth of low-cost carriers like flynas, Saudia’s focus on premium cabins and operational efficiency is a calculated move. The inclusion of 24 full-flat suites on a single-aisle aircraft signals a clear intent to defend its market share and compete directly with top-tier global carriers for high-paying business and leisure travelers.
Frequently Asked Questions (FAQ)
- How many aircraft is Saudia receiving in 2026? Saudia is taking delivery of 12 new aircraft progressively throughout 2026.
- What is Saudia’s target fleet size? The airline expects its active fleet to reach 161 aircraft by the end of 2026.
- What makes the Airbus A321XLR significant? The A321XLR allows Saudia to fly long-haul routes (up to 8,700 kilometers) using a highly efficient, single-aisle narrow-body aircraft equipped with premium full-flat Business Class suites.
Sources: Saudia Press Release, Industry Research Data
Photo Credit: Saudia
Aircraft Orders & Deliveries
Titan Aircraft Investments Sells Boeing 767-300ERF to Cargo Aircraft Management
Titan Aircraft Investments sells a Boeing 767-300ERF to Cargo Aircraft Management, supporting fleet expansion and portfolio optimization in air cargo leasing.
This article is based on an official press release from Atlas Air Worldwide.
Titan Aircraft Investments Sells Boeing 767-300ERF to Cargo Aircraft Management
On May 29, 2026, Titan Aviation Leasing and Bain Capital announced the successful sale of a Boeing 767-300ERF aircraft to Cargo Aircraft Management, Inc. (CAM), a wholly-owned subsidiary of Air Transport Services Group (ATSG). The transaction was executed through Titan Aircraft Investments, a joint venture formed by the sellers to acquire and manage cargo aircraft.
The deal, detailed in an official press release from Atlas Air Worldwide, highlights an ongoing strategic portfolio optimization for the sellers while facilitating targeted fleet expansion for CAM. Titan Aviation Leasing, a subsidiary of Atlas Air Worldwide, provides management services to the joint venture, leveraging its expertise as a freighter-centric leasing company.
This transaction underscores the enduring demand for the Boeing 767 platform in the global air cargo and e-commerce logistics markets. Even as the aviation industry navigates post-pandemic economic shifts, mid-size widebody freighters continue to serve as the backbone for major express and logistics networks worldwide.
Transaction Details and Corporate Strategy
The Asset and the Players
According to the official announcement, the aircraft involved in the transaction is a Boeing 767-300ERF (Extended Range Freighter) bearing Manufacturer’s Serial Number (MSN) 33768. Financial terms of the sale were not publicly disclosed in the press release.
The sellers operate through Titan Aircraft Investments, which marries the aviation leasing expertise of Titan Aviation Leasing with the financial weight of Bain Capital. According to corporate background data, Bain Capital is a leading global private investment firm managing approximately $185 billion in assets across 24 offices worldwide.
Strategic Portfolio Management
For Titan, the sale represents a calculated move to optimize its asset portfolio and capitalize on the high market value of proven freighter aircraft.
“This sale demonstrates our disciplined approach to portfolio management and our ability to successfully monetize high-quality assets through transactions with established industry participants such as CAM.”
CAM’s Expansion and Market Position
Solidifying Leadership in 767 Leasing
The buyer, Cargo Aircraft Management (CAM), is widely recognized as the world’s largest lessor of converted Boeing 767 freighter aircraft. CAM’s parent company, ATSG, is a major player in the logistics space, operating a fleet of over 130 aircraft and providing lift and maintenance services for major clients such as Amazon Air, DHL, and UPS.
“We continue to see strong demand for the Boeing 767 freighter platform as operators seek proven, reliable aircraft that can support a wide range of cargo missions. This acquisition maintains our position as the world’s leading cargo leasing business while we continue to support the evolving needs of the global air cargo market.”
Recent Global Placements
This acquisition aligns with CAM’s broader strategy of expanding its footprint, particularly in emerging markets. As noted in recent industry developments, CAM announced the delivery of an additional Boeing 767-300 freighter to Uzbekistan-based carrier My Freighter on April 27, 2026. That delivery brought CAM’s total placements with the Central Asian operator to nine aircraft, illustrating the sustained global demand for the 767-300 platform.
AirPro News analysis
At AirPro News, we observe that the continued reliance on the Boeing 767-300ERF highlights the aircraft’s unique and highly defensible position in the mid-size widebody freighter market. While the broader air cargo industry experienced a softening in late 2022 and 2023 due to macroeconomic factors such as inflation and higher interest rates, the fundamental need for dedicated, flexible freighter capacity remains robust.
The 767’s payload capability, range, and operating economics make it a preferred choice for e-commerce fulfillment and regional cargo missions. Transactions like this one between Titan and CAM indicate that major leasing companies remain highly confident in the long-term viability and revenue-generating potential of the 767 platform, even as newer generation freighters begin to enter the market.
Frequently Asked Questions (FAQ)
What specific aircraft was sold in this transaction?
The asset is a single Boeing 767-300ERF (Extended Range Freighter) with Manufacturer’s Serial Number (MSN) 33768.
Who are the buyers and sellers?
The seller is Titan Aircraft Investments, a joint venture between Titan Aviation Leasing (an Atlas Air Worldwide company) and Bain Capital. The buyer is Cargo Aircraft Management, Inc. (CAM), a subsidiary of Air Transport Services Group (ATSG).
Were the financial terms of the sale disclosed?
No, the financial details of the transaction were not publicly disclosed in the official press release.
Sources
Photo Credit: Atlas Air
Aircraft Orders & Deliveries
Hunnu Air Orders First Beechcraft King Air 360 in Mongolia
Hunnu Air places Mongolia’s first order for the Beechcraft King Air 360, aiming to boost domestic tourism and regional connectivity by 2027.
This article is based on an official press release from Textron Aviation.
Hunnu Air, a prominent charter and scheduled operator based in Ulaanbaatar, Mongolia, has officially placed an orders for a Beechcraft King Air 360. According to an official press release from Textron Aviation, this transaction marks a historic milestone as the first-ever order for this specific aircraft model within the Mongolian market.
Scheduled for delivery in late 2027, the twin-engine turboprop is earmarked to significantly enhance domestic tourism, VIP commuter services, and regional connectivity across the country. Operating out of Chinggis Khaan International Airport, Hunnu Air has consistently positioned itself as a vital player in bridging the vast distances of the Mongolian landscape.
This acquisition represents the latest step in an aggressive fleet modernization and diversification strategy by the Airlines. By integrating the King Air 360, Hunnu Air aims to open up remote areas to high-end tourism while navigating the unique geographical and infrastructural challenges inherent to the region.
Expanding the Mongolian Aviation Landscape
A Purpose-Built Fleet for Rugged Terrain
Founded in 2011 as Mongolian Airlines Group and rebranded in 2013, Hunnu Air has developed a highly specialized, purpose-built fleet strategy. The airline mixes larger regional jets for international routes with rugged utility turboprops designed for remote domestic destinations. According to the provided company background, the carrier has drawn international attention for operating new-generation Embraer E195-E2 regional jets, receiving its second unit around late 2025 or early 2026, alongside older E190 models.
The new King Air 360 order deepens an existing Partnerships with Textron Aviation. In August 2025, Hunnu Air made headlines by ordering two passenger-configured Cessna SkyCouriers, becoming the first customer for the type in Asia. The airline also operates the Cessna Grand Caravan EX, having taken delivery of its second unit in May 2026. Looking forward, Hunnu Air executives have outlined ambitious plans to potentially lease Airbus A321LR narrowbody and A330-200 widebody aircraft by 2027–2028 to launch direct flights to European destinations such as Berlin and Budapest.
The Beechcraft King Air 360 Advantage
Performance and Passenger Comfort
Introduced in August 2020, the King Air 360 serves as the flagship of a business turboprop family that has seen over 7,900 deliveries since 1964. Textron Aviation specifications highlight the aircraft’s impressive capabilities, including a maximum range of 1,806 nautical miles (3,345 km) and a maximum cruise speed of 312 knots true airspeed (359 mph). The aircraft can accommodate up to 11 occupants and boasts a useful load of 5,145 pounds.
Technological advancements are a key selling point for the model. The King Air 360 features the IS&S ThrustSense Autothrottle to reduce pilot workload, Collins Aerospace Pro Line Fusion avionics, and a digital pressurization controller. For passenger comfort, the aircraft offers a lower cabin altitude, maintaining 5,960 feet while cruising at 27,000 feet, which significantly reduces passenger fatigue on longer flights, making it an ideal platform for luxury tourism transport.
“The Beechcraft King Air 360 builds on decades of proven capability, offering the mission flexibility operators need across commercial, special mission and regional operations. This addition enhances Hunnu Air’s ability to reach more destinations and meet the growing needs of travelers across Mongolia.”
, Mike Shih, Vice President of Strategy & Sales at Textron Aviation
AirPro News analysis
We view Hunnu Air’s continued investment in Textron Aviation turboprops as a direct response to Mongolia’s demanding operational environment. The country is characterized by vast distances, rugged terrain, and harsh winter conditions, with ground transportation often limited by a lack of paved roads in remote provinces. Because many regional destinations feature shorter or less-developed airfields, aircraft with strong Short Takeoff and Landing (STOL) capabilities and rugged landing gear are not just an advantage, they are a necessity.
By pairing the high-capacity Cessna SkyCourier and Grand Caravan EX with the VIP-focused King Air 360, Hunnu Air is effectively cornering the market on both high-volume regional transit and high-value, low-impact luxury tourism. This fleet strategy perfectly aligns with Mongolia’s broader economic goals of boosting tourism in its most remote and pristine regions, while simultaneously establishing Hunnu Air as a premier launchpad for Textron Aviation products in the Asian market.
Frequently Asked Questions (FAQ)
When will Hunnu Air receive the Beechcraft King Air 360?
According to Textron Aviation, the aircraft is expected to be delivered to Hunnu Air at the end of 2027.
What will the new aircraft be used for?
The King Air 360 is specifically earmarked for domestic tourism, VIP commuter services, and improving regional connectivity across Mongolia’s remote landscapes.
What other aircraft does Hunnu Air operate?
Hunnu Air operates a diverse fleet that includes Embraer E195-E2 and E190 regional jets, as well as Textron Aviation turboprops like the Cessna SkyCourier and the Cessna Grand Caravan EX.
Sources: Textron Aviation
Photo Credit: Textron Aviation
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