Aircraft Orders & Deliveries
Harbor Diversified Sells Air Wisconsin Assets for $113.2 Million
Harbor Diversified completes $113.2M sale of Air Wisconsin and 25 CRJ-200 jets to CSI Aviation and ASL after losing American Airlines contract.

This article summarizes reporting by The Post-Crescent and public filings from Harbor Diversified, Inc.
Air Wisconsin Assets Sold to CSI Aviation and ASL for $113.2 Million
Harbor Diversified, Inc. has completed the sale of its regional airline subsidiary, Air Wisconsin Airlines LLC, and a fleet of 25 Bombardier CRJ-200 aircraft. According to reporting by The Post-Crescent and recent Securities and Exchange Commission (SEC) filings, the transaction is valued at approximately $113.2 million and effectively marks Harbor Diversified’s exit from the airline operating business.
The deal, finalized on January 9, 2026, splits the Airlines assets between two distinct buyers: Albuquerque-based CSI Aviation, Inc. and the Associated Lease and Finance Group, LLC (ASL). This restructuring follows a challenging year for the Appleton-based carrier, which faced significant financial headwinds after losing its long-standing capacity purchase agreement (CPA) with American Airlines in early 2025.
Transaction Details and Asset Split
The acquisition involves a strategic division of Air Wisconsin’s operational capabilities and physical assets. According to regulatory filings reviewed by AirPro News, the aggregate purchase price of roughly $113.2 million covers both the operating certificate and the owned aircraft fleet.
CSI Aviation Acquires Operations
CSI Aviation, Inc. has acquired 100% of the membership interests in Air Wisconsin Airlines LLC. This purchase grants CSI ownership of the airline’s Part 121 air carrier operating certificate, a critical asset that allows for scheduled commercial airline operations. In addition to the certificate, CSI acquired 13 of the carrier’s CRJ-200 regional jets.
CSI Aviation is a diversified aviation services company known for medical flight services, air charter, and government contracting. Industry observers note that acquiring an established Part 121 certificate allows the company to significantly expand its operational scope.
ASL Takes Remaining Fleet
The second buyer, Associated Lease and Finance Group, LLC (ASL), purchased the remaining 12 CRJ-200 aircraft. ASL specializes in aviation leasing and finance. It is common for firms in this sector to acquire aging regional jets either to lease them to other operators or to dismantle them for engines and components, which remain in high demand for maintaining other CRJ-200 fleets globally.
Context: A Turbulent Transition
The sale concludes a period of uncertainty for Air Wisconsin. For years, the airline operated exclusively as “American Eagle,” feeding traffic into American Airlines’ major hubs, particularly Chicago O’Hare. However, that relationship ended in April 2025, stripping the regional carrier of its primary revenue source.
Following the contract termination, Air Wisconsin attempted to pivot toward independent charter operations and Essential Air Service (EAS) routes. The Post-Crescent notes that the airline briefly secured an EAS contract for Parkersburg, West Virginia, in August 2025 but withdrew before service began due to the impending restructuring.
Workforce Impact
The restructuring has had a tangible impact on the airline’s workforce in Wisconsin. In late 2025, the company issued WARN notices affecting approximately 252 employees, including pilots, mechanics, and support staff at its bases in Appleton and Milwaukee.
“This sale marks the exit of Harbor Diversified from the airline operating business.”
, Research Report on Harbor Diversified SEC Filings
AirPro News Analysis
The split-sale of Air Wisconsin highlights a growing trend in the regional aviation sector: the decoupling of operating certificates from aging fleets. While the CRJ-200 is widely considered obsolete for major network carriers due to high fuel costs and passenger preference for larger dual-class regional jets, the underlying Part 121 operating certificate remains a high-value asset.
For CSI Aviation, purchasing the certificate avoids the years-long, capital-intensive process of obtaining new FAA certification from scratch. This move suggests CSI intends to scale its government and charter operations rapidly, leveraging the regulatory framework Air Wisconsin maintained for decades.
Frequently Asked Questions
Who owns Air Wisconsin now?
CSI Aviation, Inc. now owns the Air Wisconsin Airlines LLC operating certificate and brand, along with 13 aircraft. The remaining 12 aircraft were sold to Associated Lease and Finance Group (ASL).
What happened to the American Airlines contract?
The capacity purchase agreement (CPA) with American Airlines ended in April 2025. This contract was the airline’s primary source of revenue, leading to the search for a buyer.
Will Air Wisconsin continue to fly?
Under CSI Aviation ownership, the entity holds a valid operating certificate. However, its mission will likely shift from scheduled commercial regional service (like American Eagle) to charter, government, or specialized contract flying.
Sources
- The Post-Crescent
- Harbor Diversified SEC Filings
Photo Credit: Air Wisconsin
Aircraft Orders & Deliveries
BermudAir to Become First E190F Freighter Operator in Americas
BermudAir leases an Embraer E190F from Regional One, becoming the first operator of the type in the Americas.

BermudAir will become the first operator of the Embraer E190F freighter in the Americas following a lease agreement with aircraft lessor Regional One announced on September 16, 2026. The transaction expands the Bermuda-based carrier’s operations into dedicated cargo services across North-America and the Caribbean.
According to a press release issued by Embraer, BermudAir will lease a single converted E190F, making it the second global operator of the manufacturer’s passenger-to-freighter (P2F) platform. The addition builds on the airline’s existing passenger network, which currently connects 10 destinations using a fleet of Embraer E175 and Embraer E190 regional jets.
Expanding into dedicated cargo-aircraft operations
The leased E190F will serve routes spanning Bermuda, the Caribbean, the United States, and Canada. BermudAir currently operates two E175s and two E190s for its scheduled passenger services, providing a common type rating and maintenance foundation for the incoming freighter.
“Cargo is a natural next step for us. We’ve built a reliable, right-sized operation connecting Bermuda and the Caribbean to North America, and the E190F lets us put that same network to work moving express cargo, supporting local businesses, e-commerce and time-sensitive freight across the islands we serve,” said Adam Scott, Founder and CEO of BermudAir.
The cargo expansion runs parallel to BermudAir’s broader fleet modernization strategy. In July 2026, the carrier announced a firm order for 10 Airbus A220-300 passenger aircraft to support its network growth, with deliveries scheduled to begin in the fourth quarter of 2027, according to reporting by ch-aviation.
Embraer’s E-Freighter program gains momentum
The lease agreement highlights the ongoing rollout of Embraer’s P2F conversion program. Regional One has placed five firm orders for the E190F since the launch of the E-Freighter program. Two of those converted aircraft have already been delivered to the lessor and are in active service.
“As an innovative and rapidly growing airline, BermudAir is an excellent partner to help showcase the versatility and value of the E-Freighter platform. This milestone represents another important step in the continued growth of the E190 P2F program,” said George Mamangakis, Chief Investment Officer at Regional One.
Global rollout of the E190F
The E190F entered commercial service on March 9, 2026, when launch customer Bridges Air Cargo deployed the first converted aircraft on routes in Europe. The program subsequently secured additional backlog at the Farnborough International Airshow on July 21, 2026, when aircraft lessor Azorra signed an agreement for up to 30 E-Freighters, comprising 20 firm orders and 10 purchase rights, as reported by Aviation Week.
AirPro News analysis
We view BermudAir’s adoption of the E190F as a logical utilization of the carrier’s existing Embraer maintenance and crew training infrastructure. Operating a mixed fleet of passenger and freighter variants of the same aircraft family allows regional carriers to diversify revenue streams without proportionally increasing overhead costs. The placement of the first E-Freighter in the Americas provides Embraer with a highly visible regional showcase for its P2F conversion program in a market traditionally dominated by larger narrowbody freighters or smaller turboprops.
Sources: Embraer
Photo Credit: Embraer
Aircraft Orders & Deliveries
TAROM Takes Delivery of First Boeing 737 MAX 8 Aircraft
TAROM received its first Boeing 737 MAX 8 in Seattle on Sept 3, 2026, as the airline faces an EU restructuring deadline.

Romanian national carrier TAROM (RO) has taken delivery of its first Boeing 737 MAX 8 aircraft, marking a critical step in the airline’s fleet modernization efforts amid a stringent European Commission-mandated restructuring process.
In a press release issued on September 2, 2026, the airline announced that the aircraft was officially handed over to TAROM crews at Boeing’s facility in Seattle, Washington, on September 3, 2026. The delivery flight to Bucharest, Romania, includes a stopover in KeflavÃk, Iceland, and is scheduled to take place over the weekend of September 5-6, 2026.
Delivery and fleet integration
The new aircraft is named “Mircea Lucescu” in honor of the renowned Romanian football coach. Two TAROM crews were assigned to operate the multi-stage ferry flight from the United States to Europe.
TAROM General Director Cristian Anghel stated that the delivery marks an important step in the airline’s transformation process, describing the aircraft as a new beginning for the carrier. Flight Director Cătălin Prunariu noted that the ferry flight represents the dedication of the aviation professionals bringing the aircraft to its new home.
The aircraft is one of two Boeing 737 MAX 8 jets secured through a lease agreement with CDB Aviation, which was initially announced on July 2, 2024. The addition brings the current TAROM fleet to 14 aircraft, serving over 50 destinations alongside the airline’s codeshare partners.
Restructuring and financial pressures
The fleet modernization is tied directly to a rigorous restructuring plan. In April 2024, the European Commission (EC) approved a €95.3 million state aid package for the airline. TAROM must demonstrate long-term financial viability by the end of 2026 to avoid repaying the funds, according to reporting by the Romanian national news agency AGERPRES.
The airline has faced recent hurdles in meeting these mandates. In late July 2026, Romania’s acting Transport Minister Radu Miruță confirmed that TAROM had missed its original financial-results, citing high fuel prices and aircraft delivery delays.
Consequently, the airline’s management was replaced. Anghel was appointed as the new chief executive officer and tasked with drafting a revised restructuring strategy by September 2026.
AirPro News analysis
We view the arrival of the first Boeing 737 MAX 8 as a necessary operational milestone that provides TAROM with the fuel efficiency required to lower operating costs. However, the delayed delivery timeline has already impacted the carrier’s financial trajectory, contributing to the recent management overhaul. The revised restructuring strategy due in September 2026 will need to demonstrate how the integration of these new airframes can rapidly offset the operational losses cited by the transport ministry. The end-of-2026 deadline to prove viability to the European Commission leaves the new leadership team with a narrow window to execute their turnaround plan.
Sources: TAROM
Photo Credit: TAROM
Aircraft Orders & Deliveries
Airbus Delivers First A320neo From Second Tianjin Assembly Line
Airbus handed over the first A320neo from its new Tianjin FAL to China Eastern Airlines on September 16, 2026.

This article summarizes reporting by China Daily by Li Jing.
Airbus SE handed over an Airbus A320neo to China Eastern Airlines (MU) on September 16, 2026, marking the first delivery from the manufacturer’s newly constructed second Final Assembly Line in Tianjin, China. The handover operationalizes a key component of the European airframer’s industrial expansion strategy as it pushes toward a global production target of 75 narrowbody Commercial-Aircraft per month by 2027.
The delivery, detailed in reporting by China Daily, follows the October 2025 inauguration of the second Tianjin facility. The expansion brings the total number of Airbus A320 Family Final Assembly Lines (FAL) worldwide to 10, distributed across Hamburg, Toulouse, Mobile, and Tianjin.
Expanding industrial footprint in Asia
The original Tianjin FAL opened in September 2008, establishing Airbus’s first commercial aircraft assembly line outside of Europe. According to regional reporting, that initial line has assembled and delivered approximately 800 A320 Family aircraft since its inception. The addition of the second line provides the necessary capacity and flexibility to support the manufacturer’s global ramp-up requirements.
Philippe Mhun, Executive Vice President Programmes and Services of the Commercial Aircraft business at Airbus, highlighted the strategic importance of the milestone during the handover event.
“The delivery underscores Airbus’ long-term commitment to our Chinese partners and our confidence in the continuous growth of China’s civil aviation market,” Mhun said.
China Eastern fleet and market demand
China Eastern Airlines holds a historical position with the manufacturer, having taken delivery of China’s first Airbus aircraft, an Airbus A310, in 1985. Today, the carrier operates a massive fleet of Airbus products. As of late August 2026, China Eastern’s fleet included 393 A320 Family aircraft, 56 A330 Family widebodies, and 20 Airbus A350-900s.
The localized production capacity aligns with projected regional demand. Airbus recently published its Global Market Forecast for 2026-2045, estimating a worldwide requirement for 42,060 new passenger aircraft over the next two decades. China alone is expected to account for 8,830 of those deliveries, representing more than 20 percent of the total global demand.
AirPro News analysis
We view the successful first delivery from the second Tianjin FAL as a critical de-risking step for Airbus’s ambitious rate 75 target. By distributing assembly across four global nodes, the manufacturer insulates its final output from localized supply chain bottlenecks or labor disruptions in Europe.
The continued investment in Chinese industrial infrastructure serves a dual purpose. It provides necessary physical capacity while simultaneously cementing commercial relationships in a market projected to absorb nearly 9,000 new aircraft by 2045. Maintaining a strong domestic manufacturing presence likely positions Airbus favorably for future fleet procurement decisions by China’s state-backed carriers.
Sources: China Daily
Photo Credit: Airbus China
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