05 Sep 2025
#1 September 2025: North American Aviation Newsletter
Aleutian Airways Expands Service with New ATR Aircraft
Aleutian Airways has announced a major service expansion across Alaska, partnering with Argentum Airways, a subsidiary of Sterling Airways formed following Wexford Capital’s acquisition of assets from Silver Airways.
Under the partnership, Argentum will operate modern ATR-600 series aircraft on short, high-frequency routes, while Sterling Airways will continue serving the Aleutian chain with its Saab 2000 fleet.
Wayne Heller, President & CEO of Aleutian Airways, said:
“Argentum’s team includes seasoned professionals with extensive experience operating the ATR-600. Combining Sterling’s deep understanding of Alaska’s unique aviation challenges with Argentum’s technical mastery of the ATR is a match made in heaven. This partnership enables us to restore critical infrastructure quickly and sustainably.”
Atlas Air and Etihad Cargo Announce New Long-Term Partnership
Atlas Air has entered a new long-term partnership with Etihad Cargo, the logistics arm of Etihad Airways. The agreement includes dedicated freighter capacity via a newly delivered Boeing 777 freighter, initially operating on routes between Hong Kong, Abu Dhabi, and Madrid.
Michael Steen, CEO of Atlas Air Worldwide, commented:
“This partnership reflects our strong value proposition and the trust we’ve built with customers over time. Our global scale and agile network enable Etihad to expand operations and confidently serve their customers. With our industry-leading fleet and deep expertise, we are proud to support Etihad’s continued growth.”
LGT Announces Strategic Partnership with Setna iO
LGT has announced the sale of a majority stake in the company to Setna iO, a Chicago-based aircraft parts supplier. The deal is designed to support LGT’s expansion while preserving its leadership and operational values.
Raul and Ibis Cruz-Alvarez, along with Roly Estrada, will retain significant ownership and continue leading the company.
Raul Cruz-Alvarez, CEO of LGT, stated:
“This partnership with Setna iO gives us the resources to expand capabilities and launch new platforms, all while maintaining our commitment to partners and team members. Our family remains fully dedicated to leading LGT and upholding our trusted name in the industry.”
Acumen’s Take
On Aleutian Airways’ ATR Expansion
Aleutian Airways’ strategic partnership with Argentum introduces fleet modernisation tailored to Alaska’s complex aviation environment. The ATR-600 series is ideally suited for short-haul, rugged terrain operations, offering reliability and efficiency. This move also reflects the growing importance of regional partnerships in addressing underserved and remote communities, particularly in geographies like Alaska where aviation is critical infrastructure.
On Atlas Air–Etihad Cargo Partnership
Atlas Air’s dedicated 777 freighter for Etihad comes at a pivotal moment as demand for e-commerce, pharma, and perishables surges across Asia–Middle East–Europe corridors. The long-term nature of the agreement reflects the trend of cargo carriers seeking secure, scalable capacity amid global supply chain recalibrations. For asset managers, this also highlights the resilience and leaseability of widebody freighters in diversified trade lanes.
On LGT–Setna iO Strategic Partnership
The acquisition of a majority stake by Setna iO provides LGT with both capital and complementary capability for accelerated growth. Retaining key leadership ensures business continuity and strengthens customer trust. The deal reflects a broader trend in aviation aftermarket consolidation, with suppliers seeking end-to-end service capability and geographic reach—critical for supporting next-gen fleets and maximising parts lifecycle value.
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