10 Jul 2025
#3 July 2025: Irish Aircraft Leasing Newsletter
AJet to Lease Five Airbus A320neo Aircraft from SMBC Aviation Capital
SMBC Aviation Capital has signed a lease agreement with AJet, the wholly owned low-cost subsidiary of Turkish Airlines, for five Airbus A320neo aircraft. The aircraft, noted for their fuel efficiency and environmental benefits, are scheduled for delivery between Q4 2025 and Q2 2026. Once delivered, they will be operated exclusively by AJet to support its expanding operational network.
Barry Flannery, Chief Commercial Officer at SMBC Aviation Capital, stated:
“The Airbus A320neo aircraft will not only enhance AJet’s operational capabilities but also contribute to a more sustainable aviation industry.”
High Ridge Aviation Delivers Two Boeing 737 MAX 8s to GOL
High Ridge Aviation (HRA) has completed the delivery of two Boeing 737 MAX 8 aircraft to Brazilian airline GOL Linhas Aéreas Inteligentes S.A. The transaction was executed under a purchase-leaseback (PLB) agreement and marks HRA’s first deal with GOL, signalling the formation of a new leasing partnership. The deliveries further strengthen GOL’s modernisation strategy and affirm HRA’s presence in Latin American markets.
Greg Conlon, CEO of High Ridge Aviation, said:
“We remain focused on providing operators with the right equipment and financial structures to succeed in a competitive environment.”
Stratos Delivers Two Airbus A320ceos to Turkish Airlines
Stratos has announced the successful delivery of two Airbus A320ceo aircraft to Turkish Airlines under a long-term operating lease. The deliveries are aligned with Turkish Airlines’ ongoing fleet growth strategy and its efforts to maintain global network reliability and flexibility. This is part of the continuing collaboration between Stratos and the flag carrier.
Camille Pousseur, EVP Airline Marketing at Stratos, commented:
“These additional A320ceos reflect the ongoing trust between our organizations, and we are excited to play a role in their continued growth and success.”
Acumen’s Take
On AJet’s A320neo Lease with SMBC
This deal marks a strategic alignment between SMBC and Turkish Airlines’ LCC subsidiary, AJet. The lease strengthens SMBC’s foothold in narrowbody leasing while supporting Turkish Airlines’ sustainability push through more efficient aircraft.
On HRA’s MAX 8 Deliveries to GOL
The partnership with GOL showcases HRA’s intent to diversify its customer base across key emerging markets. By structuring the deal as a purchase-leaseback, HRA not only supports GOL’s growth but also builds financial resilience into its own portfolio.
On Stratos’ A320ceo Delivery to Turkish Airlines
Even as new-generation aircraft take centre stage, these A320ceo leases highlight continued demand for reliable mid-life assets. Stratos’ ongoing engagement with Turkish Airlines illustrates strong lessor-operator synergy in supporting short-term capacity needs.
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