Aircraft Orders & Deliveries
Alaska Airlines Orders 110 Boeing Jets in Largest Deal Ever
Alaska Airlines commits to 110 Boeing jets including 737-10 MAX and 787-10 Dreamliners to expand fleet and international routes through 2035.
This article is based on an official press release from Boeing and includes additional industry data and analysis.
Alaska Airlines Commits to Largest Orders in History with 110 Boeing Jets
On January 7, 2026, Alaska Airlines and Boeing announced a historic agreement that solidifies the carrier’s long-term fleet strategy. In the largest single airplane order in its history, Alaska Airlines has placed a firm order for 110 aircraft, significantly expanding its commitment to the Boeing 737 MAX family while introducing the 787 Dreamliner to its mainline operations.
According to the official press release, the deal includes 105 Boeing 737-10 MAX jets and five Boeing 787-10 Dreamliners. Additionally, the airline has secured purchase rights for another 35 Boeing 737-10 aircraft. This massive acquisition brings Alaska’s total unfilled orders with the manufacturer to 245 airplanes, with deliveries scheduled to extend through 2035.
The move marks a pivotal moment for the Seattle-based carrier as it aggressively pivots toward international expansion and aims to streamline its fleet operations following years of complexity.
Breaking Down the Deal
The order is heavily weighted toward the largest variant of Boeing’s single-aisle family, the 737-10. By locking in 105 of these jets, Alaska is betting on high-density domestic efficiency. However, the inclusion of five 787-10 Dreamliners represents a significant strategic shift, providing the airline with widebody capabilities to launch long-haul international routes directly from its Seattle-Tacoma (SEA) hub.
While the exact transaction price remains confidential, industry data estimates the deal has a list price value of approximately $15.9 billion based on 2025 pricing structures. Airlines typically negotiate significant discounts off these list prices, often in the range of 40% to 60%.
Executive Commentary
Leadership from both companies emphasized the long-standing partnership and the strategic necessity of the order. Ben Minicucci, CEO of Alaska Air Group, highlighted the growth potential enabled by the new airframes.
“This fleet investment builds on the strong foundation Alaska has created to support steady, scalable and sustained growth… These planes will fuel our expansion to more destinations across the globe.”
Stephanie Pope, CEO of Boeing Commercial Airplanes, noted the significance of Alaska’s continued reliance on Boeing products.
“This is a historic airplane order underwritten by Alaska Airlines’ record of strong performance… We are honored they have placed their trust in our people and our 737 and 787 airplanes.”
Strategic Context: The “Proudly All-Boeing” Pivot
This order arrives at a complex time for Alaska’s fleet composition. Following the acquisition of Virgin America in 2016, Alaska spent years phasing out Airbus aircraft to return to a “Proudly All-Boeing” strategy, a process largely completed by January 2024. However, the subsequent acquisition of Hawaiian Airlines reintroduced a mixed fleet, including Airbus A330s and A321neos.
By ordering the 787-10 Dreamliner, Alaska signals a long-term intention to streamline its widebody operations under the Boeing banner. The airline has confirmed plans to utilize these widebody jets for new routes to Europe and Asia, specifically targeting major markets such as London, Rome, and Tokyo. This allows Alaska to fly its own “metal” to these destinations rather than relying exclusively on Oneworld alliance partners.
AirPro News Analysis: The Battle for Seattle
This order is not merely a fleet replacement exercise; it is a strategic escalation in the competition for Seattle-Tacoma International Airport. By acquiring long-range widebodies, Alaska is directly challenging Delta Air Lines, which has historically dominated international routes out of Sea-Tac.
Delta has already responded to the heightened competition by announcing new routes from Seattle to Rome and Barcelona, alongside upgrades to its premium lounge facilities. Alaska’s move to operate the 787-10 suggests it is no longer content to be a domestic feeder for international partners but intends to capture high-yield international traffic itself.
Risks and Market Reaction
Despite the optimism surrounding the announcement, significant hurdles remain. A critical factor is the certification status of the Boeing 737-10. As of early 2026, the FAA has not yet certified this variant. Alaska is placing a substantial bet on an aircraft that cannot yet carry passengers, with certification expected sometime later in 2026. Any regulatory delays could impact the delivery timeline.
Financial markets reacted with mixed sentiment on the day of the announcement. Boeing (BA) shares rose approximately 1.2%, reflecting investor confidence in the manufacturer’s backlog. Conversely, Alaska Air Group (ALK) shares closed down roughly 2.4%, a common “sell the news” reaction where investors weigh the long-term benefits against the immediate capital expenditure required for such a massive commitment.
Frequently Asked Questions
When will the new aircraft be delivered?
Deliveries for the 110 firm orders are scheduled to begin soon and extend through 2035.
What routes will the new 787 Dreamliners fly?
Alaska Airlines plans to use the 787-10s for long-haul international flights from Seattle to destinations including London, Rome, and Tokyo.
Is the Boeing 737-10 currently flying?
No. As of the announcement in January 2026, the 737-10 has not yet received final FAA certification.
Sources
Photo Credit: Alaska Airlines
Aircraft Orders & Deliveries
Boeing and Icelease Agree on Up to Three 767-300BCF Aircraft
Icelease signs for up to three Boeing 767-300BCF aircraft, with conversions at ST Engineering Singapore starting Q1 2027.
The Boeing Company and aircraft lessor Icelease have finalized an agreement for up to three Boeing 767-300 Boeing Converted Freighter (BCF) aircraft, marking the leasing firm’s expansion into the medium widebody cargo market.
Announced in a press release on November 2, 2026, the transaction includes one firm order and options for two additional conversions. The aircraft will join the managed cargo portfolio of IAT Leasing, a Dublin-based sister company to Icelease.
Conversion timeline and operational details
The formal signing ceremony for the agreement took place on October 22, 2026, during the Cargo Facts Symposium. The physical conversion work will be executed at ST Engineering’s airframe maintenance, repair, and overhaul (MRO) facilities located in Singapore.
Induction of the first Boeing 767-300 aircraft for conversion is scheduled for the first quarter of 2027. Delivery of the completed Boeing 767-300BCF to Icelease and IAT Leasing is expected to follow in the second quarter of 2027. The Boeing Converted Freighter programs are managed by The Boeing Company’s Global Services division.
Lindsey Douglas, Vice President of Cabin, Modifications, Maintenance and Digital Services at The Boeing Company, stated that the agreement underlines the continued collaboration between the two companies to meet global cargo demand.
Sigthor Einarsson, Managing Partner at Icelease, noted the strategic importance of the deal for the lessor’s broader fleet strategy.
“This agreement with Boeing to convert up to three Boeing 767 aircraft marks an important milestone for both Icelease and its Dublin-based sister company IAT Leasing,” Einarsson said.
Icelease and IAT Leasing’s growing cargo portfolio
The Boeing 767-300BCF order builds upon an established relationship between the manufacturer and the lessor. Icelease, an aircraft leasing company with a 21-year history, specializes in aircraft acquisitions, leasing, operations, finance, and investor relations. The firm was originally formed as a spinoff from Icelandair in 2005.
On November 14, 2021, Icelease placed an order for 11 Boeing 737-800 Boeing Converted Freighter (737-800BCF) aircraft during the Dubai Airshow. That order established Icelease as the launch customer for a new conversion line at Boeing’s London Gatwick MRO facility.
The newly ordered widebody freighters will be managed by IAT Leasing. Incorporated in late 2023, IAT Leasing is owned by four equity partners. The Dublin-based entity has rapidly built a portfolio of approximately 40 narrowbody and widebody passenger and Cargo aircraft, which are leased to operators globally. The company’s current managed cargo portfolio already includes seven Boeing 737-800BCF aircraft.
“The history between Icelease and Boeing dates over 20 years and includes a multitude of new aircraft deliveries as well as cargo conversions,” Einarsson said. “The Boeing 767-300BCF will join the growing managed cargo aircraft portfolio of IAT Leasing, which already includes seven Boeing 737-800BCF and other freighters leased to various customers.”
Widebody freighter market outlook
The Boeing 767-300BCF is positioned to serve regional and long-haul cargo networks as a highly efficient medium widebody converted freighter. The aircraft offers a payload capacity of 57 tonnes and a maximum range of 3,300 nautical miles.
The Icelease order aligns with broader industry forecasts regarding long-term air cargo growth. On October 28, 2026, The Boeing Company released projections indicating that the global freighter fleet will exceed 4,000 airplanes by 2045. The manufacturer anticipates that air cargo traffic will double over the same period, providing a sustained demand environment for passenger-to-freighter conversion programs across both narrowbody and widebody platforms.
AirPro News analysis
We view Icelease’s transition from narrowbody to medium widebody conversions as a natural progression for lessors seeking to capture higher-yield cargo segments. While the Boeing 737-800BCF serves domestic and regional express networks effectively, the Boeing 767-300BCF provides the volume and range necessary for intercontinental e-commerce flows. By securing conversion slots at ST Engineering for 2027, Icelease and IAT Leasing are positioning their portfolio to absorb capacity demands as older widebody freighters face retirement toward the end of the decade. The decision to allocate these assets to the recently formed IAT Leasing also highlights the robust investor appetite for dedicated freighter leasing vehicles.
Photo Credit: Boeing
Aircraft Orders & Deliveries
AerCap Leases Two Boeing 777-300ERSF to Turkish Airlines
AerCap finalizes lease of two Boeing 777-300ERSF freighters to Turkish Airlines, with deliveries scheduled for 2027.
AerCap Holdings N.V. has finalized lease agreements with Turkish Airlines for two Boeing 777-300ERSF converted freighters, with deliveries scheduled between March and September 2027.
Announced on October 29, 2026, the transaction expands the Turkish flag carrier’s dedicated cargo capacity while utilizing Etihad Engineering’s maintenance, repair, and overhaul (MRO) facility in Abu Dhabi for the passenger-to-freighter (P2F) modifications. In a press release detailing the agreement, the Dublin-based aviation lessor emphasized the strategic alignment between the aircraft’s capabilities and the airline’s expanding freight network.
Expanding Turkish Airlines’ cargo operations
The agreement builds on an existing relationship between AerCap and Turkish Airlines, which operates a large international network requiring substantial dedicated cargo lift. The addition of the two widebody freighters is intended to support the carrier’s volume requirements on high-demand international routes.
Peter Anderson, Chief Commercial Officer at AerCap, stated that the aircraft will provide the airline with additional cargo capacity combined with the performance capabilities specific to the 777-300ERSF platform. Financial terms of the lease agreements, including the exact lease duration and the specific aircraft serial numbers, were not disclosed in the announcement.
The Big Twin conversion program
The Boeing 777-300ERSF, marketed as “The Big Twin,” is a P2F conversion program developed through a joint venture between AerCap and Israel Aerospace Industries (IAI). It represents the first program designed to convert the Boeing 777-300ER into a dedicated freighter configuration.
According to AerCap’s cargo division, the 777-300ERSF offers 25 percent more cargo volume than the factory-built Boeing 777-200LRF. This increased capacity positions the converted twin-engine aircraft as a cost-effective replacement for aging four-engine Boeing 747 freighters currently operating in the global fleet.
AerCap delivered the first 777-300ERSF to launch customer Kalitta Air in September 2025. Since that initial delivery, the lessor has handed over aircraft to Fly Meta and secured lease agreements with other major operators, including Ethiopian Airlines and China Southern Group.
Regional conversion strategy in Abu Dhabi
The physical conversion of the two aircraft destined for Turkish Airlines will be executed at the Etihad Engineering MRO hub in Abu Dhabi, United Arab Emirates. This facility serves as a dedicated regional conversion center for the 777-300ERSF program.
Anderson highlighted the strategic importance of the location, noting that the Abu Dhabi facility provides a regional platform capability that enables aircraft to be converted in the Middle East prior to delivery. This localized approach is designed to efficiently serve customers across the Europe, Middle East, and Africa (EMEA) market.
“The dedicated 777-300ERSF conversion facility at Etihad Engineering’s MRO hub in Abu Dhabi provides an important regional platform capability, enabling the aircraft to be converted in the Middle East ahead of delivery to Turkish Airlines,” Anderson said.
AerCap’s broader market position
The Turkish Airlines agreement follows a period of strong financial performance for AerCap. On October 28, 2026, the company reported its third-quarter financial results, citing record adjusted earnings per share and raising its full-year 2026 guidance amid high lease rates and sustained demand for aviation assets.
As of September 30, 2026, AerCap’s total portfolio included 1,537 owned and managed aircraft, alongside approximately 1,300 engines and over 300 helicopters. The company’s dedicated cargo division manages a fleet of approximately 110 owned, managed, and on-order freighters, having completed more than 160 passenger-to-freighter conversions to date.
AirPro News analysis
We view the placement of 777-300ERSF aircraft with a major network carrier like Turkish Airlines as a strong validation of the Big Twin program’s economic proposition. As operators look to phase out older Boeing 747 freighters, the 25 percent volume advantage over the 777-200LRF makes the converted 300ER an attractive middle ground between factory-built twin-engine freighters and legacy four-engine platforms. Utilizing the Etihad Engineering facility in Abu Dhabi for a European customer also demonstrates the logistical efficiency of AerCap’s decentralized conversion strategy, reducing ferry times and regional friction for EMEA operators.
Photo Credit: AerCap
Aircraft Orders & Deliveries
CDB Aviation Leases Additional Boeing 737-800 to Neos
CDB Aviation will deliver a Boeing 737-800 to Italian leisure carrier Neos in November 2026, expanding a partnership begun in 2021.
Irish aircraft lessor CDB Aviation will expand its existing relationship with Italian leisure carrier Neos S.p.A. by leasing the airline one additional Boeing 737-800 narrowbody aircraft. The aircraft is scheduled for delivery in November 2026 and will support the carrier’s intra-European and intercontinental route networks.
The agreement, announced in an October 28, 2026, press release, builds upon a leasing partnership established between the two companies in 2021. The transaction highlights continued demand for current-generation narrowbody assets to sustain short- and medium-haul leisure operations.
Expanding the Neos narrowbody fleet
Neos, a wholly owned subsidiary of Alpitour S.p.A. based at Milan Malpensa Airport (MXP), operates an all-Boeing fleet. The airline currently utilizes 18 aircraft, comprising the Boeing 737-800, Boeing 737 MAX 8, and widebody Boeing 787-9 Dreamliner.
The Boeing 737-800 serves as a core asset for the airline’s short- to medium-haul leisure routes. Neos deploys these narrowbody aircraft on intra-European and select intercontinental flights. This narrowbody capacity complements its widebody Boeing 787-9 Dreamliner fleet, which is dedicated to long-haul operations across the carrier’s 85 global destinations in Europe, Africa, Asia, the Middle East, and the Americas.
Marco Brusa, Chief Operating Officer of Neos, stated that the planned addition reflects confidence in the lessor as a trusted partner.
“We are pleased to further strengthen our partnership with CDB Aviation with the planned addition of this Boeing 737-800 to our fleet,” Brusa said. “This agreement builds on our established relationship and reflects our confidence in CDB Aviation as a trusted partner. We look forward to welcoming the aircraft and continuing our successful collaboration.”
A growing lessor-operator partnership
The commercial relationship between CDB Aviation and Neos began in 2021 with an initial agreement covering two Boeing 737-800s. CDB Aviation officially announced the delivery of those two aircraft on February 7, 2023. Those initial airframes were configured with 186 single-class seats to support the carrier’s network.
CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd., operates globally from its Dublin headquarters. As of early 2025, the lessor reported a fleet of 521 owned and committed assets, with aircraft placed at 85 airlines across 40 countries.
Gavan Daly, Head of Commercial EMEA at CDB Aviation, noted the company’s satisfaction with the expanded agreement.
“We are delighted to deepen our partnership with Neos through the agreement to lease this additional 737-800 from CDB Aviation’s portfolio,” Daly said.
Photo Credit: CDB Aviation
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