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Aircraft Orders & Deliveries

Aviation Capital Group Acquires 24-Aircraft Portfolio from Avolon

Aviation Capital Group expands its fleet by acquiring 24 aircraft from Avolon, focusing on new technology models leased globally.

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This article is based on an official press release from Aviation Capital Group (ACG).

Aviation Capital Group Acquires 24-Aircraft Portfolio from Avolon in Major Fleet Expansion

Aviation Capital Group LLC (ACG) announced on February 19, 2026, that it has signed definitive agreements to acquire a portfolio of 24 Commercial-Aircraft from Avolon. This transaction represents a significant expansion for ACG and marks the second major portfolio trade between the two global lessors in less than 12 months.

According to the company’s announcement, the acquisition aligns with ACG’s strategy to scale its operations and modernize its fleet profile. The portfolio consists predominantly of new-technology aircraft, which are currently in high demand across the aviation sector due to ongoing production delays at major Manufacturers.

The deal underscores the growing trend of lessor-to-lessor trading as a primary mechanism for fleet management in the current market environment. By acquiring assets with existing leases, ACG secures immediate revenue generation while Avolon continues its capital recycling program following recent large-scale Investments.

Transaction Overview and Fleet Composition

The portfolio acquired by ACG is diverse, comprising both narrowbody and widebody assets. According to the press release and transaction details released by the companies, the 24-aircraft package includes:

  • 18 Narrowbody Aircraft: 12 of these are classified as “New Technology” models.
  • 6 Widebody Aircraft: All six are “New Technology” models.

Data provided regarding the portfolio’s status as of February 1, 2026, indicates that the fleet has an average age of approximately 4.5 years and a weighted average remaining lease term of roughly 8.9 years. The aircraft are currently on lease to 17 different Airlines spread across 16 countries. ACG noted that this transaction will introduce four new airline customers to its client roster.

Thomas Baker, CEO and President of ACG, highlighted the strategic importance of the acquisition in a statement:

“Proactive aircraft trading is an important pillar of our growth Strategy… It also enhances the sustainability of our fleet, already among the youngest in the industry.”

, Thomas Baker, CEO of ACG

Strategic Rationale for Avolon

For the seller, Avolon, this divestment appears to be a calculated move to manage liquidity and rebalance its portfolio. This sale follows Avolon’s significant acquisition of Castlelake Aviation, which closed in January 2026 and involved the purchase of 118 aircraft. By selling this 24-aircraft tranche to ACG, Avolon effectively recycles capital to maintain a robust balance sheet.

Ross O’Connor, CFO of Avolon, commented on the demand for aircraft assets in the current market:

“The transaction builds on our record trading performance in 2025, reflecting the continuing strong demand we are seeing for our assets.”

, Ross O’Connor, CFO of Avolon

AirPro News Analysis: The Secondary Market Boom

We observe that the secondary market for commercial aircraft has become increasingly active in early 2026. With original equipment manufacturers (OEMs) like Airbus and Boeing facing persistent supply chain constraints, lessors are turning to one another to meet growth targets.

This “trading between giants” allows firms like ACG to bypass long delivery wait times and instantly add young, revenue-generating assets to their books. Conversely, it allows sellers like Avolon to monetize assets at premium values driven by the industry-wide shortage of airworthy lift. The fact that ACG and Avolon executed a similar 20-aircraft deal in 2025 suggests a deepening trading relationship between the two firms, facilitating efficient capital deployment for both parties.

Timeline of the Partnership

This transaction is the latest in a series of dealings between ACG and Avolon. The relationship has accelerated over the last year:

  • April 2025: ACG agreed to acquire 20 aircraft (16 narrowbody, 4 widebody) from Avolon.
  • July 2025: The transfer of aircraft from the 2025 agreement commenced.
  • January 2026: Avolon closed its acquisition of Castlelake Aviation, adding 118 aircraft to its managed fleet.
  • February 2026: ACG signs agreements for this new 24-aircraft portfolio.

Both companies appear well-capitalized to execute these transactions. Financial disclosures indicate that Avolon priced a $1.5 billion senior unsecured note offering in February 2026, while ACG closed a $1 billion note offering in January 2026.

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Photo Credit: Aviation Capital Group

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Aircraft Orders & Deliveries

Luxair Orders Boeing 737-10 Jets at Farnborough 2026

Luxair converts 737-10 options to firm orders at Farnborough 2026, reaching 12 total 737 family aircraft on order.

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Luxair has expanded its narrowbody fleet commitment by converting two options for the Boeing 737-10 into firm orders and securing two additional options during the 2026 Farnborough International Airshow.

The July 21, 2026, announcement by The Boeing Company brings the Luxembourg flag carrier’s total firm order book for the 737 family to 12 aircraft. The agreement supports Luxair’s long-term fleet modernization strategy, which focuses on increasing passenger capacity while reducing the airline’s environmental footprint.

Fleet expansion and aircraft specifications

Once all deliveries are completed, Luxair’s Boeing 737 fleet will consist of eight Boeing 737-8s and four Boeing 737-10s. The airline placed its initial order for two 737-10 aircraft in 2024 and is now moving to integrate the new-generation narrowbodies into a network that serves more than 100 destinations across Europe and beyond.

Luxair has selected a 213-seat configuration for its Boeing 737-10 aircraft. The cabin will feature the Boeing Sky Interior with redesigned seats offering a 76 cm pitch. The 737-10 is the largest model in the MAX family, capable of carrying up to 230 passengers in a maximum high-density configuration, with a range of 3,100 nautical miles (5,740 km).

“This agreement represents another important milestone in the execution of our long-term fleet strategy,” said Gilles Feith, Chief Executive Officer of Luxair. “As we continue to grow, delivering an outstanding passenger experience remains at the heart of every fleet decision we make. The Boeing 737-10 provides the additional capacity, operational efficiency and flexibility we need to support future demand while maintaining the high standards of quality, comfort and service our customers expect from Luxair.”

Environmental and operational targets

The integration of the Boeing 737-10 is central to Luxair’s sustainability initiatives. Powered by CFM International LEAP-1B engines, the new aircraft deliver a 20 percent reduction in fuel use and emissions compared to the older generation aircraft they will replace. According to Boeing, each new-generation 737 saves an average of 8 million pounds of carbon dioxide emissions annually.

The operational efficiency of the new fleet is designed to support Luxair’s growth trajectory following a strong performance in 2025, during which the airline transported 2.6 million passengers.

“Both the 737-8 and 737-10 are perfectly suited across Luxair’s network, increasing capacity on to its regional routes, comfortably serving more passengers on more routes with the lowest cost per seat of any single-aisle airplane,” said Ricardo Cavero, Vice President of Europe and Israel Commercial Sales and Marketing for The Boeing Company. “With the selection of the 737-8 and 737-10, Luxair is building a more profitable and sustainable operation.”

AirPro News analysis

Luxair’s decision to convert options into firm orders at the Farnborough International Airshow signals strong confidence in the Boeing 737-10 as the cornerstone of its high-density European routes. By standardizing its future narrowbody growth around the 737-8 and 737-10, we see Luxair prioritizing fleet commonality, which traditionally lowers maintenance and crew training costs. The retention of two new purchase rights also provides the carrier with a low-risk mechanism to secure future delivery slots in a constrained global supply chain environment.

Sources: The Boeing Company

Photo Credit: Boeing

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Aircraft Orders & Deliveries

Riyadh Air Orders 31 A350-1000s and 67 Boeing 787s

Riyadh Air firms up A350-1000 and 787 Dreamliner orders at Farnborough 2026, targeting 100 global destinations by 2030.

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Saudi Arabian startup carrier Riyadh Air (RX) has expanded its future widebody fleet by firming up an order for six additional Airbus A350-1000 aircraft at the Farnborough International Airshow on July 20, 2026. The agreement exercises purchase rights from a 2025 commitment for up to 50 airframes, bringing the airline’s total firm backlog for the European manufacturer’s largest twin-engine jet to 31 aircraft.

In a press release issued during the airshow, Airbus confirmed the transaction and noted that Riyadh Air will become the first operator of the A350-1000 in Saudi Arabia. The acquisition aligns with the carrier’s mandate to support the national Vision 2030 strategy, which targets serving more than 100 global destinations by the end of the decade.

Expanding the Airbus widebody footprint

The Airbus A350-1000 offers a maximum non-stop range of 9,700 nautical miles (18,000 kilometers), providing the operational capability required for Riyadh Air’s planned ultra-long-haul services. Airbus states the aircraft delivers a 25 percent advantage in fuel burn, operating costs, and carbon emissions compared to previous-generation widebody aircraft.

Riyadh Air Chief Financial Officer Adam Boukadida stated that the finalized order reflects continued confidence in the airline’s growth trajectory and the broader Saudi aviation sector.

“Increasing our A350-1000 commitment to 31 aircraft strengthens the foundation of our future network and supports our ambition to serve more than 100 global destinations by 2030 while delivering a premium guest experience,” Boukadida said.

Airbus Executive Vice President of Sales for Commercial-Aircraft Benoît de Saint-Exupéry added that the commitment highlights the aircraft’s efficiency and range. He noted the A350-1000 will play a central role in positioning Saudi Arabia as a leading international aviation hub. As of the end of June 2026, Airbus had recorded 1,595 firm Orders for the A350 family from 68 customers worldwide.

Concurrent Boeing 787 Dreamliner expansion

The Airbus finalization occurred alongside a separate widebody order placed with The Boeing Company. According to reporting by Al Arabiya, Riyadh Air also confirmed an order for 28 additional Boeing 787 Dreamliner aircraft at the Farnborough event on July 20.

This separate agreement introduces the Boeing 787-10 variant to the carrier’s fleet. Following the announcement, Riyadh Air’s total firm commitment for the Dreamliner family stands at 67 aircraft.

Riyadh Air Chief Executive Officer Tony Douglas told Al Arabiya that the introduction of the 787-10 and the expanded Dreamliner backlog marks another significant milestone in the airline’s journey toward its 2030 network goals. The carrier recently opened ticket sales for its initial overseas routes as it prepares for the launch of commercial operations.

AirPro News analysis

We view Riyadh Air’s dual widebody orders at Farnborough as a clear signal of the carrier’s aggressive timeline and robust capital backing. By splitting its high-capacity, long-haul requirements between the Airbus A350-1000 and the Boeing 787-10, the airline mitigates delivery risk in an era of constrained aerospace supply chains. Securing 31 firm A350-1000s and 67 Boeing 787s provides the necessary metal to rapidly scale a global network from scratch. However, the operational complexity of inducting two distinct widebody types simultaneously will require substantial training, tooling, and maintenance infrastructure investments prior to the Launch of commercial flights.

Sources: Airbus

Photo Credit: Airbus

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Aircraft Orders & Deliveries

SMBC Aviation Capital Orders 200 Aircraft at Farnborough 2026

SMBC Aviation Capital placed firm orders for 100 A320neo family and 100 Boeing 737 MAX jets at Farnborough Airshow 2026.

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Aircraft lessor SMBC Aviation Capital secured a massive dual-manufacturer commitment at the Farnborough International Airshow on July 20, 2026, placing firm orders for 100 Airbus A320neo family aircraft and 100 Boeing 737 MAX jets.

The 200-aircraft acquisition guarantees the lessor a steady stream of narrowbody deliveries into the mid-2030s. This strategic move comes as the broader aviation industry continues to grapple with persistent supply-chain bottlenecks that have constrained production rates at both major airframers.

Airbus narrowbody commitments

In a press release issued during the airshow, Airbus confirmed the firm order consists of 65 Airbus A321neo and 35 Airbus A320neo aircraft. The agreement pushes the total number of direct Airbus commitments from SMBC Aviation Capital and its parent company, Sumitomo Corporation, past 900 aircraft.

Airbus Executive Vice President of Sales for Commercial Aircraft Benoît de Saint-Exupéry highlighted the long-standing relationship between the manufacturer and the lessor.

“We are honoured to stand with SMBC Aviation Capital as they place this order for additional A320neo family aircraft, the world’s most leased and most traded aircraft making it the benchmark for airlines, lessors and investors alike,” de Saint-Exupéry stated.

Boeing 737 MAX and CFM engine agreements

Concurrently, SMBC Aviation Capital announced a matching commitment with Boeing for 100 narrowbody aircraft. The lessor’s official statement detailed a split of 60 Boeing 737 MAX 10 and 40 Boeing 737 MAX 8 jets.

To power the newly ordered Airbus fleet, SMBC Aviation Capital also secured an agreement for up to 90 CFM International LEAP-1A engines.

SMBC Aviation Capital Chief Executive Officer Peter Barrett emphasized the necessity of securing long-term availability for the company’s airline clients.

“This significant new order will give our airline customers access to a continuous delivery pipeline of the latest technology A320neo family aircraft into the mid-2030s,” Barrett said.

He added that the order reflects the lessor’s confidence in the sustained demand for the A320neo family. Deliveries for the newly ordered Airbus aircraft are expected to commence in the first half of the 2030s.

AirPro News analysis

We view SMBC Aviation Capital’s balanced 200-aircraft acquisition as a direct response to the current manufacturing environment. By splitting the order evenly between the Airbus A320neo family and the Boeing 737 MAX, the lessor is effectively hedging its delivery risks. Industry reporting from the 2026 Farnborough International Airshow indicates that total dealmaking may fall short of the ambitious 800-aircraft expectations held by some analysts, largely due to ongoing production bottlenecks at both Airbus and Boeing.

In an environment where near-term delivery slots are virtually nonexistent, securing a pipeline that stretches into the mid-2030s is critical for major lessors. Airline customers are increasingly reliant on lessors to provide capacity growth and fleet renewal options when direct manufacturer orders face multi-year backlogs. The inclusion of 60 Boeing 737 MAX 10s and 65 Airbus A321neos also underscores a continued market shift toward the largest variants of both narrowbody families, maximizing seat capacity in slot-constrained airports.

Sources: Airbus

Photo Credit: Airbus

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