09 Oct 2025
#2 October 2025: Irish Aircraft Leasing Newsletter
AFG Aviation Ireland Acquires Two CF6-80E1A4/B Engines from GEAM
AFG Aviation Ireland announced the successful acquisition of two General Electric CF6-80E1A4/B engines from GE Aviation Materials (GEAM), a GE Aerospace subsidiary. These widebody engines are widely used on Airbus A330 aircraft, and the transaction aligns with AFG’s strategy of expanding its engine portfolio with in-demand, mid-life assets.
K2 Aviation Closes Six-Aircraft Deal with Dubai Aerospace Enterprise
K2 Aviation has closed the purchase of six Airbus and Boeing aircraft from Dubai Aerospace Enterprise (DAE). The aircraft are on lease to five different airline customers: Air Transat, BBN Indonesia, Braathens, Jetstar Japan, and Volotea. DAE will continue as servicer of the assets.
K2 Chairman Charles Graham acknowledged partners Franklin BSP Capital Corporation, AV AirFinance, Watson Farley & Williams, and KPMG for their roles in the transaction.
Priority 1 Logistics Launches Leasing Platform in Shannon
Priority 1 Leasing, a subsidiary of European Aviation Air Charter, announced the establishment of its new leasing office in Shannon, Ireland. The company aims to scale its capabilities through ACMI leasing and is exploring the addition of new aircraft—either directly operated or via third parties—into its fleet.
Titan Aviation Leasing Acquires Two A330-300P2F Freighters
Titan Aviation Leasing has acquired two Airbus A330-300P2F freighters (MSN 1789 & 1712), powered by Rolls-Royce engines, from Airbus Financial Services. The freighters have been placed on lease to mas.
Eamonn Forbes, CCO at Titan, said:
"The addition of the A330-300P2F represents an exciting milestone as we diversify our portfolio with versatile solutions tailored to customer growth."
Acumen’s Take
On K2 Aviation’s First Platform Deal
K2’s entry into the lessor space with a six-aircraft deal signals a strong debut backed by solid institutional support. Diversification across geographies and lessees like Air Transat and Volotea provides a resilient foundation, while appointing DAE as servicer ensures operational continuity. This is a textbook entry strategy that de-risks initial portfolio exposure.
On Titan’s Freighter Focus
Titan’s A330-300P2F acquisition reflects increasing market appetite for mid-capacity widebody freighters. The type’s long-haul capability and growing demand for converted freighters post-COVID make it an attractive asset. Partnering with mas positions Titan well in the Latin American express and general cargo space.
On Priority 1 Leasing’s Move into Shannon
Shannon continues to reinforce its global relevance as a launchpad for emerging leasing platforms. Priority 1’s entry, backed by ACMI ambitions, indicates growing interest in hybrid leasing models blending operations with asset ownership—a trend especially popular among charter-focused operators.
On AFG’s Engine Acquisition
AFG’s move to acquire GE CF6-80E1A4/B engines supports the aftermarket demand for Airbus A330 platforms, particularly among operators transitioning older widebody fleets. Engines remain a strong performing asset class, and mid-life modules like the CF6 are proving resilient in the secondary trading market.
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