Aircraft Orders & Deliveries
European Aviation Group Acquires European Cargo A340 Fleet
European Aviation Group acquires 16 A340-600 freighters and 14,000 spare parts from European Cargo Ltd out of administration.

European Aviation Group has finalized the acquisition of the assets of European Cargo Ltd out of administration, rescuing a fleet of 16 Airbus A340 aircraft and returning control of the operation to its original founder.
The deal, announced on August 25, 2026, follows the collapse of European Cargo earlier in the year. The Bournemouth Airport (BOH) based carrier entered administration on June 3, 2026, resulting in the loss of 178 jobs. According to reporting by the Bournemouth Echo, the acquisition keeps the unique fleet of converted widebody freighters intact and operational under the European Aviation Group umbrella.
Fleet and asset acquisition
European Aviation Group secured a substantial inventory in the transaction. AirGuide.info reported that the purchase includes 16 Airbus A340-600 airframes, seven of which are currently flight-ready freighters.
The acquisition also encompasses a massive parts inventory to support ongoing operations. This includes 14,000 line items of A340 and engine spares, featuring a large quantity of Rolls-Royce Trent 553 and Trent 556 engines.
Paul Stoddart, Chairman and CEO of European Aviation Group, expressed optimism about the fleet’s future following the finalization of the deal with the joint administrators.
“Whilst this is a massive investment from EAL, I feel totally confident that we can keep this excellent fleet of cargo aircraft flying for the foreseeable future,” Stoddart said, as quoted by the Bournemouth Echo.
Financial collapse and administration
European Cargo originally launched operations in April 2020 to transport personal protective equipment for the United Kingdom government during the COVID-19 pandemic. The company began converting its passenger widebody fleet into a permanent freighter configuration in 2022.
The carrier faced severe financial difficulties by early 2026. The airline operated its last reported revenue flight on May 19, 2026. Teneo Financial Advisory Limited was appointed as joint administrators shortly after.
A spokesperson for Teneo told the Bournemouth Echo that the administration followed a period of intense financial pressure driven by reduced flying activity, working capital constraints, and high fuel costs. The immediate cessation of trading upon entering administration led to 178 redundancies.
AirPro News analysis
We view this acquisition as a highly unusual full-circle moment in aviation ownership. Paul Stoddart originally founded European Cargo before fully divesting his stakes by late 2024. Buying the assets back out of administration allows European Aviation Group to acquire the converted freighters and vital spares at what is likely a fraction of their operational value. The Airbus A340-600 is a rare asset in the dedicated freighter market due to its four-engine operating economics, but the massive inclusion of 14,000 spare parts and spare Rolls-Royce Trent engines provides a built-in supply chain that could make the fleet viable for specialized, high-volume cargo missions.
Sources: Air Cargo News, AirGuide
Aircraft Orders & Deliveries
GDHF Leases Two Airbus H160 Helicopters to Skyjets International
GD Helicopter Finance has delivered two new Airbus H160s on lease to Skyjets International, an Aviaman Aerotek subsidiary, for India.

GD Helicopter Finance (GDHF) has delivered two factory-new Airbus H160 helicopters on lease to Skyjets International Private Limited, a wholly owned subsidiary of Aviaman Aerotek, for multi-role operations in India. The two leases start a new partnership between the Dublin-based lessor and Aviaman, which is launching a helicopters division.
GDHF announced the deliveries in a press release dated November 12, 2026. It said the leases extend its presence in the Indian helicopter market and support its strategy of building a large portfolio of multi-mission helicopters and partnering with high-quality operators.
What the parties said
“We are pleased to welcome Aviaman as a new GDHF customer,” said Peter Jiang, Chairman of GDHF. He said that completing two deliveries within a week showed the strength of the partnership and GDHF’s ability to act quickly, and described the H160 as a capable, cost-efficient, multi-mission helicopter.
Kannan Balaji, CEO of Skyjets International, said the launch of the helicopters division is a milestone for Aviaman. He said demand for modern vertical lift solutions is growing across India and the region, and that the H160 will let Aviaman develop new multi-mission capabilities for the Indian market.
“We are delighted to welcome Aviaman to the global family of H160 operators,” said Régis Magnac, Head of Energy, Leasing and Global Accounts at Airbus Helicopters. He thanked GDHF for its continued trust in the H160 and said Airbus looks forward to supporting Aviaman as it brings the helicopters into service.
The lessor and the operator
GDHF describes itself as an Ireland-based helicopter finance company that is growing a portfolio of new-technology, multi-mission helicopters through order books, leased worldwide for offshore oil and gas, wind, emergency medical services, search and rescue, government, corporate and parapublic missions. Its website lists the Airbus H160, H175 and H225 and the Leonardo AW189 among the types it offers.
The India deliveries follow other GDHF activity in 2026. The company’s news page lists a June 2026 item titled “GDHF Delivers Two Airbus H160 Helicopters” and an October 2026 announcement of a finance agreement of more than €125 million, which AirPro News covered as GDHF’s €125 million fleet financing. GDHF also lists items on the H160’s introduction at NHV Group, the operator whose acquisition it announced in December 2025, and AirPro News reported on NHV’s leased H160 additions.
Aviaman Aerotek describes itself as an integrated aviation services company serving the general aviation market. Through Skyjets International, it provides commercial charter, maintenance and fleet management services. The release does not give the lease terms, the helicopters’ registrations or where in India they will be based.
Aircraft Orders & Deliveries
CDB Aviation Leases Two Airbus A321ceo Jets to Freebird Airlines
CDB Aviation signs its first leases with Freebird Airlines: two Airbus A321ceo jets in a livery marking the Turkish carrier’s 25th anniversary.

CDB Aviation has signed lease agreements for two Airbus A321ceo aircraft with Turkish leisure and charter carrier Freebird Airlines (FH), the first deal between the two companies. The lessor announced the agreements in Istanbul on November 11, 2026, the year Freebird marks 25 years of flight operations.
In a press release dated November 11, 2026, CDB Aviation said the aircraft will support the growth of Freebird’s all-Airbus fleet and will serve the carrier’s leisure and charter network. Both jets will wear a special livery marking the anniversary. For an airline whose fleet page lists only A320s, the deal brings in what Airbus calls “the longest fuselage member” of the A320 Family.
A first deal in the anniversary year
Gavan Daly, Head of Commercial EMEA at CDB Aviation, said the lessor was “very happy to commence our relationship with Freebird Airlines” and to support the continued development of its fleet. He congratulated the Freebird team on its 25th anniversary and said CDB Aviation looks forward to building “a strong and lasting partnership.”
Selim Tükenmez, Managing Director of Freebird Airlines, said: “As we celebrate 25 years of Freebird Airlines, we are delighted to welcome CDB Aviation as a new partner.” He said the two aircraft “will expand our fleet and provide additional capacity and flexibility” across the airline’s leisure and charter network, and that Freebird looks forward to a long relationship with the CDB Aviation team.
The release did not disclose the lease terms, the delivery dates, the ages of the two aircraft or their cabin layout.
What the A321ceo adds to an A320 operation
Freebird’s milestones page lists 14 A320 aircraft, 11 registered in Türkiye and three in Malta. Its fleet page shows 11 A320s at Freebird Airlines and three at Freebird Europe, and gives the A320-214 a passenger capacity of 180 and a maximum payload range of 5,550 km (3,000 nautical miles).
Airbus’s A321ceo product page lists typical seating of 170 to 210, up to 220 seats in a high-density layout, and a range of 5,950 km (3,213 nautical miles) with Sharklets. The release does not say how Freebird will configure the two jets or which routes they will fly.
Freebird Airlines at 25
Freebird, a group company of Gözen Holding, was established in 2000 and began commercial flights on April 5, 2001, with three MD-83 aircraft, according to the CDB Aviation release. The airline’s milestones page says its fleet was renewed with the Airbus A320 series in 2003, 2004 and 2005, and that its operations base moved from Istanbul to Antalya in 2013.
The carrier is based at Antalya Airport (AYT), which handled 39,000,177 passengers in 2025, according to AirPro Atlas airport data. The release says Freebird serves more than 100 destinations, linking Europe with holiday destinations in Türkiye and beyond.
Freebird Airlines Europe, registered in Malta, began operations in 2019, and Freebird launched scheduled flights from Europe to holiday destinations in 2022, according to the milestones page. In 2006, Freebird became the first private Turkish airline to obtain IATA Operational Safety Audit (IOSA) certification, the release says.
CDB Aviation’s narrowbody book and earlier business in Türkiye
CDB Aviation is an Irish subsidiary wholly owned by China Development Bank Financial Leasing Co., Ltd. (CDB Leasing), which the release describes as a 41-year-old Chinese leasing company backed mainly by China Development Bank. CDB Leasing has been listed on the Hong Kong Stock Exchange since July 2016. CDB Aviation’s fleet page lists 44 Airbus A320ceo Family aircraft in its fleet as of June 30, 2026, alongside 134 A320neo Family aircraft in the fleet and 100 more committed.
The release describes Freebird as a new Turkish customer. CDB Aviation has leased aircraft in Türkiye before: in a press release dated April 24, 2024, it said seven new leases with Turkish Airlines would bring the number of aircraft it has on lease to the flag carrier to 17. Those leases included six Boeing 737 MAX 8 aircraft to be received between 2025 and 2026 by Ajet, the Turkish Airlines subsidiary.
Other CDB Aviation announcements listed alongside the Freebird release include an additional Boeing 737-800 for Neos on October 28, 2026, the first of four 737-8s for Norwegian on September 29, 2026, and five A321neo deliveries to LATAM on September 8, 2026.
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Aircraft Orders & Deliveries
Lesha Bank Agrees Sale of Six Airbus A380s to Emirates
Qatar’s Lesha Bank is selling six A380s to Emirates: two are delivered and four transfer in stages through April 2028 as their leases end.

Qatar’s Lesha Bank has agreed to sell six Airbus A380s to Emirates (EK), with two aircraft already delivered and the remaining four due to transfer in stages through April 2028 as their leases end. The bank announced the sale in a statement dated November 10, 2026.
Lesha Bank sold the aircraft through an investment structure on behalf of its Lesha Aviation Fund. The bank said the deal secures long-term ownership of a core part of the Emirates widebody fleet for the airline, which it described as the world’s largest operator of the type, and supports the A380’s continued role in the carrier’s premium long-haul service and capacity plans as it expands its network from Dubai. The bank did not disclose the price.
Where the six A380s come from
Aviation Week reported on November 11, 2026, that the six A380s come from the portfolio of Amedeo Air Four Plus (AA4+), the aircraft lessor Lesha Bank bought in 2026. Citing its Fleet Discovery database, Aviation Week said all six aircraft are 10 to 12 years old, and that the AA4+ portfolio also includes two Boeing 777-300ERs and four Airbus A350-900s on long-term lease to Emirates or Thai Airways.
Lesha Bank announced on March 6, 2026, that its wholly owned subsidiary LAC 10 LLC, a Qatar Financial Centre company, would acquire the entire share capital of AA4+, a Guernsey-incorporated lessor then listed on the London Stock Exchange. The offer of 73 pence per share gave AA4+ an equity value of about GBP 190 million. The Royal Court of Guernsey sanctioned the scheme of arrangement on June 25, 2026, and AA4+ has since been delisted, according to the bank.
Jonathan Skirrow, Co-Chief Executive Officer of Lesha Aviation Services, called Emirates “a long-standing and valued partner” and said that completing the sale of the two aircraft “marks an important milestone.” He said the phased transfer of the remaining four reflects both the strength of the bank’s relationship with the airline and its focus on well-structured, value-accretive transactions for its investors.
Emirates keeps investing in the A380
According to Aviation Week, Emirates has been leasing the six aircraft from Lesha Bank, so the purchase brings them into its owned fleet. Emirates Airline President Tim Clark told Aviation Week’s Window Seat Podcast that he sees the A380 serving the airline for up to 24 or 25 years, and that the type could stay in the fleet until as late as 2041, Aviation Week reported. Its Fleet Discovery data showed Emirates with 85 A380s in service, 15 parked and 15 in storage as of November 11.
The airline has also been refitting the aircraft. On May 20, 2026, Emirates said it had completed its first two-class A380 retrofit, adding 56 Premium Economy seats on the upper deck of A6-EUX for a three-class layout of 76 Business, 56 Premium Economy and 437 Economy seats. It called the aircraft the first of 15 two-class A380s it will renovate, with all 15 planned for completion by the end of 2026.
The wider cabin retrofit program, run in-house by Emirates Engineering in Dubai, had covered 95 aircraft at that point, 42 of them A380s and 53 Boeing 777s, according to the airline. Emirates said the program was announced in 2021 with an initial scope of 120 aircraft and later expanded to 219.
A growing aviation book for Lesha Bank
The bank said the transaction reflects its growing aviation track record and its ability to structure and deliver aircraft transitions for clients and investors. The sale follows a larger purchase in the opposite direction: in September 2026, Lesha Bank agreed to buy a 33-aircraft portfolio from Avolon, leased to 25 airlines worldwide. The two companies said Lesha Aviation Services would manage that portfolio after completion, raising the bank’s total managed fleet to more than 75 aircraft.
Mohammed Ismail Al Emadi, Group Chief Executive Officer of Lesha Bank, said at the time that the Avolon deal “reflects the disciplined approach we have taken to building scale in aviation leasing,” and described the bank’s aviation portfolio as Shari’a-compliant.
Lesha Bank is listed on the Qatar Stock Exchange under the ticker QFBQ and is authorized by the Qatar Financial Centre Regulatory Authority (QFCRA). It did not identify the six aircraft or give dates for the individual transfers. The next milestones are the four remaining handovers to Emirates, which the bank expects to complete in stages through April 2028 as the current leases end.
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