Connect with us

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.

Published

on

Lesha Bank Agrees Sale of Six Airbus A380s to Emirates
Photo: Lesha Bank

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.

See more AirPro News in Google. Add AirPro News as a preferred source and our stories will appear more often in your Top Stories.
Continue Reading
Click to comment

Leave a Reply

Aircraft Orders & Deliveries

ACG Completes Four-Jet A321neo Sale-Leaseback Deal With Wizz Air

Aviation Capital Group delivered the last of four A321neos to Wizz Air, its 16th A321neo for the airline since March 2025.

Published

on

ACG Completes Four-Jet A321neo Sale-Leaseback Deal With Wizz Air
Photo: Aviation Capital Group

Aviation Capital Group (ACG) has delivered an Airbus A321neo to Wizz Air (W6), completing a four-aircraft sale-and-leaseback transaction and bringing the lessor’s A321neo deliveries to the airline to 16 since March 2025.

In a press release dated November 10, 2026, the Newport Beach, California-based lessor said the aircraft is the final delivery under the four-aircraft deal it opened in August. ACG Executive Vice President and Chief Commercial Officer Carter A. White said the 16 deliveries came over 20 months and across three mandates.

Sixteen aircraft in 20 months

The relationship began on March 24, 2025, when ACG announced the delivery of one A321neo powered by Pratt & Whitney GTF engines to Wizz Air. ACG said at the time that it was the first aircraft scheduled for delivery under a multiple-aircraft sale-leaseback transaction. “ACG is delighted to deliver this A321neo aircraft to Wizz Air,” Claudio Cheinquer, Vice President, Marketing at ACG, said then.

On October 21, 2025, ACG announced three more GTF-powered A321neos for Wizz Air. Those were the tenth, eleventh and twelfth aircraft under the sale-leaseback arrangement, delivered from Hamburg, Germany, and Tianjin, China, over one week. ACG said they completed its mandate with the airline at that point.

A new mandate followed. On August 18, 2026, ACG said it had delivered the first of four new A321neos at the Airbus Delivery Centre in Toulouse, again with Pratt & Whitney GTF engines. The lessor said then that the completed mandate would leave it with sixteen A321neo aircraft on lease to Wizz Air, and White said, “The remaining three aircraft are expected to follow in quick succession.” The November 10 delivery closes that transaction.

What the two companies said

“We are incredibly proud of this achievement,” White said in the November 10 release. He said delivering 16 A321neo aircraft to Wizz Air in 20 months, across three mandates, “demonstrates ACG’s ability to execute at scale.” He thanked the delivery teams in Toulouse, Hamburg and Tianjin.

Owain Jones, Chief Corporate Officer of Wizz Air, said investing in modern, fuel-efficient aircraft is central to the airline’s strategy of affordable air travel. “The A321neo combines lower unit costs with lower fuel consumption per passenger,” Jones said. He described ACG as a trusted fleet development partner.

The lessor and the operator behind the deal

ACG specializes in commercial aircraft leasing and provides asset management and financing services to third parties. As of September 30, 2026, the company had approximately 500 owned, managed and committed aircraft, leased to roughly 85 airlines in about 50 countries, according to the release. ACG was founded in 1989 and is a wholly owned subsidiary of Tokyo Century Corporation.

Wizz Air operates 276 Airbus A320 and A321 aircraft and carried 68.6 million passengers in 2025, according to the company description in the release. It is listed on the London Stock Exchange under the ticker WIZZ. The AirPro Atlas lists Wizz Air, founded in 2003, with Hungary as its country.

The release does not disclose financial terms or lease length for the transaction.

See more AirPro News in Google. Add AirPro News as a preferred source and our stories will appear more often in your Top Stories.
Continue Reading

Aircraft Orders & Deliveries

Cathay Group Orders 11 More Airbus A330-900s and Three A321neos

The Cathay Group exercised purchase rights for 11 Airbus A330-900s and three A321neos, lifting its firm A330-900 commitment to 41 jets.

Published

on

Cathay Group Orders 11 More Airbus A330-900s and Three A321neos
Photo: The Cathay Group

The Cathay Group has firmly ordered 14 more Airbus aircraft, 11 A330-900 widebodies and three A321neo narrowbodies, by exercising purchase rights with the manufacturer. The order lifts the group’s firm commitment for the A330-900 to 41 aircraft, according to Airbus.

In a press release dated November 11, 2026, Cathay said the A330-900s will support the growth of the regional network of Cathay Pacific (CX) and add passenger and cargo capacity, while the A321neos will strengthen the growth potential of the group’s low-cost airline HK Express (UO) on routes to the Chinese Mainland and other short-haul destinations. Cathay said the orders bring its total aircraft deliveries from 2026 to 120, closer to its plan for 150 new aircraft over the next 10 years if market conditions are favourable. Airbus announced the same order from Toulouse on November 11, 2026.

How the order builds on the 2023 and 2024 deals

The 11 A330-900s come on top of the 30 the group ordered in 2024, and the three A321neos add to the 32 A321neo and A320neo aircraft it ordered in 2023, according to both the Cathay and the Airbus releases. Neither release gives a value or a delivery schedule for the 14 new aircraft.

The 2024 deal shows how Cathay has framed the A330-900. In its stock exchange announcement of August 7, 2024, Cathay Pacific Airways Limited said Cathay Pacific Aircraft Services Limited had agreed with Airbus S.A.S. to buy 30 A330-900s and had secured the right to acquire 30 additional aircraft of the type. That announcement put the aircraft basic price, covering airframe, optional features and engines, at approximately US$11 billion (about HK$85.8 billion), and said Airbus had granted significant price concessions, so the actual consideration was lower. Delivery of those 30 aircraft was expected by the end of 2031.

The same filing said the A330-900s would progressively replace Cathay’s existing fleet of mid-size widebody aircraft and enable future growth. They would mainly serve regional destinations in Asia, with flexibility for longer-haul routes at a later stage, the company said at the time.

Where the new aircraft fit in the fleet

Cathay is already an operator of the A330ceo, as Airbus noted in its release. The AirPro Atlas has seen 42 Cathay Pacific Airbus A330-300s flying since October 13, 2026. In its interim results release of August 5, 2026, the group said its regional A330 aircraft will receive an all-new Aria Studio Business class and a new Economy cabin by the end of 2026.

HK Express already flies the A321neo. The AirPro Atlas has seen 16 HK Express A321neos in the air since October 13, 2026, alongside 10 A321s, six A320neos and two A320s.

The new aircraft join a broader delivery pipeline. Cathay said its deliveries from 2026 include A321neo and A320neo narrowbodies, A330-900 regional widebodies, Boeing 777-9 long-haul widebodies, and A350F and A330 freighters, as part of its fleet renewal and expansion plan. On the cargo side, the interim results release said Cathay Cargo had increased its Airbus A350F freighter order to eight aircraft and signed a lease for an A330P2F converted freighter for Air Hong Kong.

What Cathay and Airbus said

Cathay Group Chief Executive Officer Ronald Lam linked the order to the group’s home hub, Hong Kong, and to its sustainability goals. In the Cathay release, he said the group was “pleased to further strengthen our fleet with new orders for these state-of-the-art, fuel-efficient aircraft.” Lam said the orders bring the group’s total committed investment to over HK$150 billion for 2026 to 2035, and said, “These investments will consolidate and elevate Hong Kong’s status as a leading international aviation hub.”

In the Airbus release, Alex McGowan, Cathay’s Chief Operations and Service Delivery Officer, said the A330 and A320 aircraft families have served the group well, and that the order supports regional growth across Asia-Pacific as well as longer flights. Benoit de Saint-Exupery, Airbus Executive Vice President Sales of the Commercial Aircraft business, described Cathay as “an experienced operator of the A330ceo and the A320 Family” and called the order a strong endorsement of the aircraft’s value. He said the mix gives the airline flexibility on capacity, lower fuel burn and a streamlined Airbus fleet.

The group behind the order, and the aircraft

The order follows what Chair Guy Bradley called “a strong financial performance in the first half of 2026.” Cathay reported an attributable profit of HK$6.2 billion for the first half of 2026, compared with HK$3.7 billion in the first half of 2025, according to its interim results release. The group said the second quarter was harder than the first because of the situation in the Middle East and a sharp rise in jet fuel prices, with jet fuel costs almost doubling from the first quarter to the second. In the same release, Bradley said the group had “committed around HK$150 billion in investments into our fleet, cabin and lounge products” and that it targets 150 new aircraft and a network of 150 destinations over the next 10 years, if market conditions are favourable.

Airbus says the A330neo, powered by Rolls-Royce Trent 7000 engines, can fly up to 8,100 nautical miles (15,000 kilometers) non-stop and cuts fuel burn, CO2 emissions and operating cost by 25% compared with previous-generation competitor aircraft. The manufacturer describes the A320 Family as the world’s most popular single-aisle family, with nearly 20,600 orders, and says it delivers at least 20% fuel savings and CO2 reduction compared with previous-generation single-aisle aircraft. The A321neo is the family’s largest member.

See more AirPro News in Google. Add AirPro News as a preferred source and our stories will appear more often in your Top Stories.
Continue Reading

Aircraft Orders & Deliveries

Lufthansa Receives First Airbus A350-1000, Its 700th Airbus Aircraft

Airbus delivered Lufthansa’s first A350-1000 in Toulouse on November 10, 2026, the 700th Airbus aircraft for the Lufthansa Group.

Published

on

Lufthansa Receives First Airbus A350-1000, Its 700th Airbus Aircraft
Photo: Airbus

Lufthansa (LH) took delivery of its first Airbus A350-1000 in Toulouse, France, on November 10, 2026, and the widebody is also the 700th Airbus aircraft delivered to the Lufthansa Group. The 300-seat jet, fitted with the airline’s Allegris cabin, will be based in Munich, where it becomes the first of ten A350-1000s assigned to the hub.

In a press release dated November 10, 2026, Airbus said the aircraft wears a commemorative livery marking “100 years of Lufthansa” and will fly long-haul routes from Munich to destinations such as Tokyo, Shanghai and Singapore. The handover completes the delivery Lufthansa described on October 15, 2026, when it named Tokyo as the type’s first destination and scheduled the December 3 Munich to Tokyo launch.

The aircraft and its cabin

According to Lufthansa’s October 15 release, the aircraft carries the registration D-AIFA and the name “Deutschland”. The A350-1000 is 73.80 meters long, seven meters longer than the A350-900 that Lufthansa already flies. Lufthansa lists three to four First Class seats (two single suites and one “Suite Plus”), 49 Business Class seats including eight suites, 35 Premium Economy seats and 212 Economy seats.

Heiko Reitz, member of the Lufthansa Airlines Board and Hub Manager Munich, said the new flagship has 40 percent more Business and Premium Economy seats. “The A350-1000 strengthens our premium hub in Munich,” Reitz said.

“The introduction of the new A350-1000 is part of the largest fleet modernization in the history of the Lufthansa Group.”

Reitz made the statement in the October 15 release. The aircraft is powered by two Rolls-Royce Trent XWB-97 engines and uses lightweight materials, including more than 50 percent composites. Lufthansa said these reduce fuel consumption and CO2 emissions by 25 percent compared with previous-generation aircraft. Airbus gives the A350 a range of up to 9,700 nautical miles (18,000 kilometres) non-stop.

The jet is the seventh aircraft in Lufthansa’s 100th-anniversary livery, joining the airline’s centennial anniversary fleet. In a release dated July 14, 2026, Lufthansa said the aircraft was painted at Airbus’s Toulouse plant in blue with a large white crane and the lettering “1926 | 2026”, using 432 liters of blue and 246 liters of white paint. At that point, the release said, an A350-900, an A380, a Boeing 787-9, a Boeing 747-8 and two A320neo aircraft already wore the design.

Munich first, then Tokyo, Shanghai and Singapore

Lufthansa said in October that the aircraft was due in Munich in mid-November and that, after final preparations, its first passenger flight is scheduled for December 3, 2026, from Munich Airport (MUC) to Tokyo Haneda International Airport (HND). Shanghai and Singapore are to be added in the following weeks. All of those flights will use the Allegris cabin and alternate between the A350-1000 and the A350-900. The July release said an official naming ceremony will be held at a later date.

The Lufthansa Group has ordered 15 aircraft of the type, and the first ten will fly for Lufthansa from the Munich hub. Munich Airport handled 41,568,000 passengers in 2024 and has two runways, 08L/26R and 08R/26L, each 13,123 feet long, according to its AirPro Atlas record.

How the A350-1000 order and schedule developed

The Lufthansa Group ordered ten A350-1000s in March 2023. When it announced a follow-on order on December 20, 2024, the group said those first deliveries were due to start in April 2026. The first aircraft was handed over on November 10, 2026. Neither the Airbus release nor Lufthansa’s October release gives a reason for the timing.

The December 2024 order raised the group’s firm A350-1000 commitments from 10 to 15, at a list price of about two billion US dollars, with the additional jets to be delivered between 2028 and 2031. In its October 2026 release, Lufthansa said all 15 are to be delivered by 2030. In June 2026, the group said its total A350 orders stood at 75, including the A350-1000.

In December 2024, the group said its new twin-engine long-haul jets are meant to replace four-engine types being phased out: the Boeing 747-400, the Airbus A340-600 and the Airbus A340-300. Those types are still flying. AirPro Atlas data, which counts aircraft seen flying under the Lufthansa (DLH) code since October 11, 2026, lists 11 A340-300s, 4 A340-600s and 8 Boeing 747-400s, alongside 31 A350-900s.

A 700th delivery after 50 years of partnership

In a release dated June 10, 2026, the Lufthansa Group said it and Airbus marked 50 years of partnership at the opening of the ILA Berlin Air Show, a relationship that began in 1976 with the delivery of Lufthansa’s first A300. At that event, which also produced a component services deal for the A220 fleet, Lars Wagner, CEO Commercial Aircraft at Airbus, said:

“Today, we are working together towards the delivery of the 700th aircraft for the Lufthansa Group.”

Wagner called the milestone an example of how the two companies have helped make aviation a key industry for Germany, according to the Lufthansa Group release on the anniversary.

Airbus describes the Lufthansa Group as one of the world’s largest Airbus operators, flying the A220, A320 Family, A330, A340, A350 Family and A380, and notes that the airline was launch operator for the A321, A320neo and A340-200. In December 2024, the group said it had ordered 770 aircraft from Airbus throughout its history and described itself as Airbus’s largest customer worldwide.

Airbus said the A350 Family had 1,628 orders from 70 customers worldwide at the end of October 2026. The next scheduled milestone for D-AIFA is its first passenger service from Munich to Tokyo on December 3, 2026.

See more AirPro News in Google. Add AirPro News as a preferred source and our stories will appear more often in your Top Stories.
Continue Reading
Advertisement

Follow Us

AirPro Atlas

Explore aviation on one 3D globe
4,000+ airports, 700+ active airlines, 180+ launch pads and 30 aircraft plants and boneyards, with live weather and launch countdowns.
Open the Atlas

aviation newsletter

Latest

Categories

Tags

Popular News