Commercial Aviation
AerDragon Acquires A320neo Aircraft Leased to Avianca in Latin America
AerDragon expands into Latin America by acquiring two A320neo aircraft leased to Avianca, highlighting fleet modernization and market growth.
AerDragon’s Strategic A320neo Acquisition: Expanding into Latin America’s Aviation Market with Avianca
The recent acquisition by AerDragon Aviation Leasing Company Limited of two Airbus A320neo aircraft from VMO Aircraft Leasing, currently on lease to Avianca, marks a significant milestone in the global aircraft leasing industry. Announced on September 12, 2025, this transaction not only expands AerDragon’s portfolio but also highlights the increasing convergence of Asian capital, American leasing expertise, and the growth trajectory of Latin American aviation. The deal underscores critical industry trends: robust demand for fuel-efficient aircraft, the rising strategic value of Latin American markets, and the evolving dynamics of international leasing partnerships.
This move comes at a time when the global aircraft leasing sector is experiencing rapid expansion, with estimates placing the industry’s value at over $300 billion and projections suggesting a climb to $551.47 billion by 2034. Avianca’s participation in this transaction is equally notable, emerging from a successful restructuring, the airline is actively modernizing its fleet through substantial A320neo orders. The acquisition thus reflects not only AerDragon’s strategic ambitions but also the broader modernization and resilience shaping commercial aviation in the Americas.
By examining the context, transaction structure, and broader implications of this deal, we gain insight into the shifting landscape of international aviation finance and the pivotal role of next-generation aircraft in shaping airline competitiveness and sustainability.
Global Aircraft Leasing Industry Landscape
The aircraft leasing industry has become a foundational element of modern airline fleet management, enabling carriers to maintain operational flexibility while optimizing capital allocation. As of early 2025, leading lessors collectively manage portfolios valued above $300 billion, with the market expected to grow at a compound annual rate of 11.1% through the next decade. Narrow-body aircraft, particularly the Airbus A320 family, dominate these portfolios, accounting for more than 70% of leased fleets globally. The popularity of these models is rooted in their operational versatility, residual value retention, and widespread acceptance across diverse markets.
Regional analysis shows Asia as the largest leasing market, representing 35% of the global leased fleet, followed by North America (25%) and Europe (22%). Meanwhile, emerging markets in South America and Africa are experiencing steady growth, reflecting both increased demand for air travel and the strategic efforts of lessors to diversify geographically. The rise of low-cost carriers, now comprising roughly a third of lessor portfolios, further illustrates a shift toward cost-efficient, high-utilization business models.
Industry evolution is also driven by sustainability imperatives. Regulatory pressures and airline operational needs have prompted lessors to prioritize new-generation, fuel-efficient aircraft such as the A320neo and Boeing 737 MAX. These investments, while capital intensive, align with long-term trends toward reduced emissions and lower operating costs, reinforcing the leasing sector’s central role in aviation’s ongoing modernization.
Key Players: AerDragon, VMO Aircraft Leasing, and Avianca
AerDragon, established in 2006 as China’s first aircraft lessor, has evolved from a regional player to a global leasing company with a diverse customer base spanning Asia, Europe, and the Americas. Its growth is marked by milestones such as the delivery of its first A320neo in 2020 and the expansion of its asset management and refinancing capabilities. AerDragon’s strategy is characterized by a focus on customer service, technological advancement, and market responsiveness.
VMO Aircraft Leasing, founded in 2021 through collaboration between Ares Management Corporation and aviation veterans, operates with a philosophy centered on providing liquidity and fleet solutions to airlines and lessors. With a global presence and a focus on narrow-body aircraft, VMO emphasizes operational efficiency and customer-centric service, leveraging both financial expertise and deep industry knowledge.
Avianca, one of Latin America’s largest and oldest airlines, operates an extensive network with a fleet primarily composed of Airbus A320 family aircraft. Following its emergence from Chapter 11 bankruptcy in 2021, Avianca has embarked on a comprehensive transformation, focusing on operational efficiency, network optimization, and fleet modernization. The airline’s strong market position is underpinned by record financial performance, robust passenger growth, and a commitment to next-generation aircraft technology.
“Avianca has a long history of success and Latin America is a growing aviation market with significant potential. We look forward to providing further support for many years to come.” , Gang Li, CEO of AerDragon
Transaction Structure and Strategic Implications
The AerDragon-VMO transaction involves the purchase of two A320neo aircraft with existing lease agreements to Avianca. Such lease-attached acquisitions are increasingly common, as they provide immediate revenue streams for the buyer and continuity for the airline lessee. This structure also signals the strength of Avianca’s credit profile and the attractiveness of its lease terms to investors.
For AerDragon, this deal not only expands its portfolio but also marks its entry into the Latin American market, a region with strong growth prospects and increasing demand for modern, fuel-efficient aircraft. The transaction reflects AerDragon’s strategy of forging long-term relationships with key airlines in emerging markets, leveraging its experience and resources to support fleet development and operational modernization.
From VMO’s perspective, the sale demonstrates effective asset management and capital recycling, freeing up resources for new investments while validating its strategy of originating high-quality, in-demand assets. For Avianca, the seamless transition between lessors ensures operational stability and aligns with its broader fleet renewal objectives.
Latin American Aviation Market Dynamics
Latin America’s aviation market is characterized by robust growth, expanding middle-class populations, and increasing air travel demand. Valued at $38.55 billion in 2024, the market is projected to reach $59.30 billion by 2034, driven by factors such as improved connectivity, tourism, and economic development. The region’s recovery from the pandemic has been swift, with passenger volumes rebounding to near pre-pandemic levels and expected to surpass them in the coming years.
Structural changes are underway, with low-cost carriers transforming the market by making air travel more accessible and competitive. Although LCC penetration in Latin America lags behind global benchmarks, there is significant potential for growth, especially as regulatory frameworks evolve and infrastructure investments continue. For example, Colombia’s international aviation market has expanded sevenfold since 2000, with Avianca commanding over half of the country’s international capacity.
Infrastructure development, such as airport modernization projects in Brazil and Mexico, further supports regional growth and enhances the attractiveness of Latin America to global lessors and investors. The increase in international routes and capacity underscores the region’s strategic importance in global aviation and the opportunity for leasing companies to participate in its ongoing expansion.
Fleet Modernization and A320neo Technology
The Airbus A320neo represents a significant technological advancement in narrow-body aviation, offering approximately 15% improved fuel efficiency and 20% lower maintenance costs compared to previous models. Its new engine options, aerodynamic enhancements, and integrated avionics systems contribute to reduced operating costs and environmental impact, making it a preferred choice for both airlines and lessors.
For Avianca, the A320neo supports both domestic and international operations, providing network flexibility and operational commonality. The airline’s order for 98 A320neo aircraft, with options for 50 more, reflects a strategic commitment to fleet renewal and sustainability. The aircraft’s market acceptance is evidenced by thousands of orders and deliveries worldwide, reinforcing its strong residual value and remarketing potential.
Maintenance agreements with engine manufacturers and the aircraft’s advanced systems help manage lifecycle costs, providing predictability and reliability for operators. These factors underpin the A320neo’s central role in contemporary fleet strategies and its appeal to leasing companies seeking stable, long-term returns.
“The A320neo’s operational efficiency and technological sophistication make it the backbone of many airlines’ fleet renewal strategies, especially in markets where cost and environmental considerations are paramount.”
Financial and Operational Context
Avianca’s financial turnaround following its bankruptcy restructuring is one of the most notable in recent aviation history. The airline has reported record profitability, with EBITDAR margins reaching 24-25% in 2025 and significant improvements in cost management and operational performance. This success is attributed to network optimization, premium revenue generation, and disciplined cost control.
The company’s $2.1 billion debt restructuring in early 2025 further strengthened its balance sheet, improved liquidity, and positioned it for sustainable growth. Credit rating agencies have recognized Avianca’s progress, although they continue to monitor the airline’s performance and market conditions closely.
Operationally, Avianca has achieved significant gains in on-time performance and customer satisfaction, supporting its competitive positioning and revenue growth. The airline’s focus on efficiency and fleet modernization aligns with broader industry trends and enhances its attractiveness as a lessee for global leasing companies.
Conclusion
The acquisition of two A320neo aircraft by AerDragon on lease to Avianca exemplifies the dynamic evolution of the global aircraft leasing industry and the strategic opportunities emerging in Latin America. This transaction demonstrates the maturity of secondary leasing markets, where lease-attached assets can be transferred seamlessly, benefiting both lessors and airline customers. It also reflects the operational and financial transformation achieved by Avianca, positioning it as a leading partner for lessors seeking exposure to high-growth markets.
Looking ahead, the deal signals key trends shaping the industry: geographical diversification, technological innovation, and market sophistication. AerDragon’s entry into Latin America through a partnership with Avianca sets a precedent for other Asian lessors seeking to expand internationally. As the aviation sector continues to prioritize sustainability, efficiency, and flexibility, such strategic collaborations will play a pivotal role in supporting global air connectivity and industry growth.
FAQ
Q: What is the significance of AerDragon’s acquisition of A320neo aircraft on lease to Avianca?
A: The transaction marks AerDragon’s entry into the Latin American market and reflects broader trends in fleet modernization, global leasing partnerships, and the growing importance of Latin American aviation.
Q: Why are A320neo aircraft popular among lessors and airlines?
A: The A320neo offers improved fuel efficiency, lower maintenance costs, and advanced technology, making it attractive for both operational and financial reasons. Its strong residual value and global acceptance further enhance its appeal.
Q: How has Avianca’s restructuring impacted its market position?
A: After emerging from Chapter 11 bankruptcy, Avianca has achieved record profitability, improved operational performance, and implemented a comprehensive fleet renewal strategy, strengthening its position as a leading Latin American carrier.
Q: What are the growth prospects for Latin America’s aviation market?
A: Latin America’s market is expected to grow at a compound annual rate of 4.40% through 2034, driven by economic development, expanding middle-class populations, and increased air connectivity.
Q: Who are the main parties involved in this transaction?
A: The key parties are AerDragon Aviation Leasing Company Limited (buyer/lessor), VMO Aircraft Leasing (seller/originator), and Avianca (airline lessee).
Sources
Photo Credit: Avianca
Commercial Aviation
RAVE Aerospace Unveils New Brand and Ecosystem at AIX 2026
RAVE Aerospace will present its unified RAVE ecosystem platform integrating IFEC hardware, software, and digital services at AIX 2026 in Hamburg.
This article is based on an official press release from RAVE Aerospace.
RAVE Aerospace has announced its upcoming participation at the Aircraft Interiors Expo (AIX) in Hamburg, scheduled for April 14th through April 16th, 2026. According to a recent company press release, the in-flight entertainment and connectivity (IFEC) provider will use the industry event to unveil its new brand design and showcase its comprehensive “RAVE ecosystem.”
The announcement highlights a strategic pivot for the company, moving away from isolated, standalone systems toward a unified, continuously evolving platform. We note that this approach aims to integrate hardware, operating systems, and digital services into a single cohesive offering for commercial airlines.
The RAVE Ecosystem and Open Architecture
At the center of RAVE Aerospace’s showcase in Hall 3, Booth 3A10, will be its open platform architecture. The company states that this ecosystem is specifically designed to seamlessly integrate third-party applications alongside proprietary systems.
By adopting this open framework, RAVE Aerospace intends to provide airlines with greater operational flexibility. The press release notes that the platform will allow carriers to scale their digital offerings, personalize the passenger journey, and continuously enhance the overall in-flight experience without being locked into rigid legacy frameworks.
Expanding Digital Capabilities
Beyond traditional in-flight entertainment hardware, the RAVE ecosystem encompasses a growing suite of digital solutions. According to the official release, these modern capabilities include onboard advertising and mobile payment integration.
Furthermore, the platform is supported by robust content integration and developer enablement tools. This ensures that airlines can rapidly adapt to evolving passenger expectations and technological advancements in the consumer electronics space.
Leadership Perspectives and Industry Collaboration
The rebranding and ecosystem launch represent a significant milestone for RAVE Aerospace as it seeks to solidify its position in the highly competitive IFEC market.
“We are very excited to present our RAVE ecosystem under our new brand at AIX. Our experience has made us one of the most accessible, agile, and effective digital IFEC brands,” stated Matt Smith, CEO at RAVE Aerospace.
Smith further emphasized the company’s goal to create unified travel experiences that empower airlines and delight passengers. He noted in the release that this vision will be realized through close collaboration with customers and industry partners at the upcoming expo, where the global interiors industry convenes.
AirPro News analysis
We observe that RAVE Aerospace’s shift toward an open, ecosystem-based model aligns closely with broader aviation industry trends. Airlines are increasingly seeking modular, scalable IFEC solutions that allow for the rapid deployment of new digital services, such as mobile payments and targeted advertising, without requiring complete, costly hardware overhauls.
By emphasizing developer enablement and third-party integration, RAVE is positioning itself not just as a hardware vendor, but as a comprehensive digital platform provider. The upcoming AIX event in Hamburg will serve as a critical proving ground for the company to demonstrate the practical applications and measurable value of this unified approach to prospective airline customers.
Frequently Asked Questions (FAQ)
When and where is the Aircraft Interiors Expo (AIX) taking place?
AIX is scheduled to take place in Hamburg from April 14th to 16th, 2026. RAVE Aerospace will be exhibiting in Hall 3 at booth 3A10.
What is the RAVE ecosystem?
According to RAVE Aerospace, it is a unified platform approach that brings together in-flight entertainment and connectivity hardware, operating systems, and digital capabilities like advertising and mobile payments into a single, continuously evolving offering.
Sources
Photo Credit: RAVE Aerospace
Aircraft Orders & Deliveries
Yasa – SAM Air Expands Fleet with New Cessna Caravan in Indonesia
Yasa – SAM Air orders a Cessna Caravan from Textron Aviation to enhance cargo, passenger, and weather modification services across Indonesia’s remote regions.
This article is based on an official press release from Textron Aviation.
In a move to bolster regional connectivity and specialized aviation services across the Indonesian archipelago, PT Semuwa Aviasi Mandiri, operating under the brand Yasa – SAM Air, has placed an order for a new Cessna Caravan turboprop. According to an official press release from Textron Aviation, the versatile single-engine aircraft will be deployed for a variety of critical missions, including cargo transport, passenger logistics, and weather modification.
Prior to this new order, Yasa – SAM Air’s fleet already included one Cessna Caravan and one Cessna Grand Caravan EX. By expanding its roster of Textron Aviation aircraft, the operator aims to enhance its capacity to serve domestic charter routes and deliver critical supplies to remote communities that lack traditional infrastructure.
Supplementary industry research highlights that this acquisition marks a significant milestone in the carrier’s strategic rebuilding phase. Following its acquisition by logistics firm PT Yasa Artha Trimanunggal in late 2024, Yasa – SAM Air is positioning itself as a vital logistical lifeline in one of the world’s most challenging aviation environments.
Expanding the Lifeline of Indonesia
Indonesia’s unique geography, comprising over 17,000 islands with dense jungles and mountainous terrain, makes traditional ground transportation nearly impossible in many regions. Rugged turboprops with short take-off and landing (STOL) capabilities are the backbone of the nation’s domestic supply chain.
According to regional aviation data, Yasa – SAM Air specializes in what are locally known as “pioneer flights” (penerbangan perintis). These routes are essential for connecting the country’s Frontier, Outermost, and Disadvantaged (3T) regions, ensuring that isolated populations have access to food, medicine, and economic opportunities.
Rebuilding and Modernization
The airline’s recent history underscores the importance of fleet modernization and safety enhancements. In October 2024, the operator experienced a tragic accident involving a DHC-6 Twin Otter in Gorontalo, Sulawesi, which resulted in four fatalities. The following month, the airline was acquired by PT Yasa Artha Trimanunggal, birthing the current Yasa – SAM Air brand.
Industry reports indicate that the parent company’s primary objective with this acquisition has been to stabilize operations, inject new capital, and ensure the reliable delivery of aid. The latest order from Textron Aviation reflects a commitment to safe, reliable operations under new leadership.
“Yasa – SAM Air is the name you can trust for connecting skies, cargo and climate with care,” stated Yenna Yunaina, President Director of Yasa – SAM Air, in the Textron Aviation release.
The Cessna Caravan’s Role in Public Service
Beyond standard logistics and passenger transport, the new Cessna Caravan will be tasked with specialized public service missions, most notably weather modification.
According to environmental research, the Indonesian government frequently relies on cloud seeding to mitigate severe dry seasons, combat devastating forest and peatland fires, and redistribute rainfall to prevent urban flooding. Operating aircraft capable of these demanding flight profiles makes Yasa – SAM Air a crucial partner for national climate management initiatives.
“The Cessna Caravan delivers proven reliability and operational flexibility, making it an ideal solution for missions across Indonesia,” said Tony Jones, vice president of Sales, Asia-Pacific at Textron Aviation. “Its performance and versatility enable operators like SAM Air to reach remote destinations, expand regional connectivity and support essential services.”
A Legacy of Rugged Utility
The Cessna Caravan family recently celebrated a major milestone, marking 40 years of dependable service in 2025 following its first delivery in 1985.
40 Years of Global Operations
Textron Aviation reports that more than 3,100 Cessna Caravans have been delivered globally since the program’s inception, accumulating over 25 million flight hours across more than 100 countries. Powered by the Pratt & Whitney Canada PT6A engine, the aircraft is specifically engineered to operate in extreme weather, mountainous terrain, and on short, unpaved landing strips.
To maintain the platform’s modern appeal, Textron Aviation introduced three new executive interior options, Lunar, Obsidian, and Saddle Sport, in July 2025. These upgrades, which include standardized amenities like 16 USB-C charging ports per cabin, provide operators with the flexibility to offer an elevated passenger experience for VIP or specialized charter missions.
AirPro News analysis
We view Yasa – SAM Air’s decision to double down on the Cessna Caravan platform as a highly pragmatic step in its post-acquisition recovery. By standardizing its fleet around a proven, rugged airframe, the operator minimizes maintenance overhead, streamlines supply chains for spare parts, and reduces pilot training complexities.
Furthermore, the explicit mention of weather modification indicates a strategic diversification of revenue streams. Securing government contracts for cloud seeding provides a stable financial baseline that complements the often volatile nature of remote cargo and passenger charter operations. This dual-purpose approach positions Yasa – SAM Air to be both a commercial logistics provider and an essential state contractor.
Frequently Asked Questions (FAQ)
What aircraft did Yasa – SAM Air order?
PT Semuwa Aviasi Mandiri (Yasa – SAM Air) ordered a new Cessna Caravan turboprop from Textron Aviation.
What will the new aircraft be used for?
The aircraft will support domestic charter routes, logistics services for critical supplies, passenger operations, and specialized public service missions such as weather modification (cloud seeding) across Indonesia.
Who owns Yasa – SAM Air?
Following an acquisition in November 2024, the airline is a member company of the logistics firm PT Yasa Artha Trimanunggal.
Why is the Cessna Caravan popular in Indonesia?
The Cessna Caravan features excellent short take-off and landing (STOL) capabilities and a rugged design, making it ideal for navigating Indonesia’s mountainous terrain, dense jungles, and unpaved remote airstrips.
Sources
Photo Credit: Textron
Commercial Aviation
Avion Express Cuts 15 Aircraft Amid European Aviation Cost Pressures
Avion Express returns 15 aircraft due to high fuel costs and EU carbon taxes, expanding its Latin America operations through Avion Express Brasil.
This article is based on an official press release from Avion Express.
Avion Express Returns 15 Aircraft Amid European Aviation “Cost Pincer”
In a stark indicator of the mounting pressures facing the European aviation sector ahead of the 2026 summer season, ACMI (Aircraft, Crew, Maintenance, and Insurance) specialist Avion Express has announced a major fleet reduction. According to a company press release dated March 31, 2026, the operator is returning 15 aircraft to lessors, citing a complex geopolitical environment, airspace closures, and rising fuel costs.
The decision to shed capacity highlights a broader trend among European carriers, who are drastically scaling back their summer expansion plans in response to severe macroeconomic headwinds. As an ACMI provider, often utilized by major Airlines to handle seasonal summer peaks, Avion Express serves as a bellwether for the industry’s anticipated demand and profitability.
To survive what industry analysts are calling a regulatory and geopolitical “cost pincer,” Avion Express is accelerating its strategic pivot toward the Latin American market. By utilizing its newly established Brazilian subsidiary, the company aims to hedge against European volatility and maintain operational resilience.
The Fleet Realignment and European Market Pressures
A Significant Capacity Reduction
The redelivery of 15 Airbus A320 family aircraft represents a massive reduction in the company’s operational footprint. According to industry research data, this cutback accounts for more than 25 percent of Avion Express’s total European operational capacity. Prior to this announcement, market data indicated the company operated 18 aircraft under its Lithuanian registry and 37 under its Maltese subsidiary.
In the official press release, Avion Express CEO Darius Kajokas explained that the move is a direct response to shifting market dynamics.
“Recent geopolitical developments have clearly had an immediate impact on market dynamics, with carriers across Europe revising growth plans amid cost pressures and uncertainty,” Kajokas stated in the release.
The company currently provides ACMI services to major European players, including Eurowings, Transavia, Air Algérie, and tour operator Novaturas. However, Kajokas noted that European demand this summer is not expected to reach the levels seen last year.
The “Cost Pincer”: Fuel Shortages and Green Taxes
The “geopolitical developments” referenced by Avion Express are tied to severe, ongoing macroeconomic issues in Europe. Industry research highlights that the ongoing conflict in the Middle East, particularly involving the de facto closure of the Strait of Hormuz, has severely disrupted global oil supply chains. Europe, which imports over 40 percent of its aviation fuel, is feeling the strain.
Market data reports that jet fuel prices in Europe recently hit a record high of $1,900 per ton. Trade journals and industry analysts warn that major European countries could face physical kerosene shortages by May or June 2026. This concern was echoed in recent industry reports by Ourania Georgoutsakou, Executive Director of Airlines for Europe (A4E), who noted that Middle Eastern uncertainty is causing deep concern regarding European jet fuel availability.
Beyond fuel, European airlines are facing the total phase-out of free carbon allowances under the EU’s Emissions Trading System (ETS). Industry estimates suggest that operating older-generation narrowbodies, such as Avion Express’s A320ceo fleet, will cost 25 percent more in 2026 than in previous years due to these stringent environmental regulations.
Strategic Pivot to Latin America
Hedging with Avion Express Brasil
To offset the European downturn, Avion Express is heavily leaning into its South American expansion. The company’s press release notes that its ACMI operations in Brazil, launched last year, are progressing as planned, with further fleet growth expected for Avion Express Brasil in 2026.
According to market research, Avion Express Brasil secured its Air Operator Certificate (AOC) in February 2025, becoming Brazil’s first dedicated ACMI operator. After launching its first commercial flight in August 2025, the subsidiary doubled its fleet to two A320s by December 2025. The company reportedly aims to grow the Brazilian fleet to five aircraft in 2026, with long-term projections targeting up to 25 aircraft by 2027–2028.
This expansion is already yielding results. Industry data confirms that Avion Express Brasil has signed its first long-term ACMI contract with the Argentine low-cost carrier Flybondi, cementing its footprint in the broader Latin-America market.
“This strategy of diversifying our global footprint and customer base was intentionally designed to serve as a hedge, allowing us to remain resilient even when unforeseen events impact demand,” Kajokas noted in the company statement.
AirPro News analysis
We view the Avion Express fleet reduction as a classic “canary in the coal mine” scenario for the broader European aviation sector. Because ACMI providers act as the capacity buffer for the industry, shedding 25 percent of a European fleet is a massive leading indicator that major European airlines are quietly slashing their summer 2026 schedules. The combination of record-high fuel costs and the EU’s strict new carbon taxes has effectively made flying older aircraft in Europe economically unviable for marginal seasonal routes.
Furthermore, this realignment must be viewed through the lens of Avion Express’s parent company, Avia Solutions Group (ASG). While ASG is the world’s largest ACMI provider with a global fleet of over 140 aircraft, financial markets have noted recent pressures. S&P Global Ratings recently revised the group’s outlook to negative following the late-2025 bankruptcy of its Latvian subsidiary, SmartLynx. We assess that Avion Express’s fleet reduction is likely a dual-purpose move: mitigating exposure to a stagnant European summer market while simultaneously improving overall group leverage and EBITDA margins for ASG.
The foresight to launch in Brazil in 2025 is proving to be a vital corporate hedge. The contrast between a stagnating, highly taxed European market and a capacity-hungry Latin American market underscores a growing trend of European aviation assets migrating to the Global South.
Frequently Asked Questions
What is an ACMI operator?
ACMI stands for Aircraft, Crew, Maintenance, and Insurance. ACMI operators, also known as “wet lease” providers, lease fully equipped and crewed aircraft to other airlines, typically to help them manage seasonal demand peaks or operational shortfalls.
Why is Avion Express returning 15 aircraft?
According to the company, the reduction is due to geopolitical challenges, airspace closures, and rising fuel costs that have led European carriers to revise their summer growth plans. Industry data also points to record-high jet fuel prices and increased EU carbon taxes making older aircraft more expensive to operate in Europe.
Where is Avion Express expanding?
The company is accelerating its expansion into Latin America through its subsidiary, Avion Express Brasil. The Brazilian unit is expected to grow its fleet to five aircraft in 2026 to serve the growing South American aviation market.
Sources:
Photo Credit: Avion Express
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