26 Mar 2026
#4 March 2026: North American Aviation Newsletter
Atlas Air Orders 20 Airbus A350F Freighters
Atlas Air Worldwide announced a firm order for 20 Airbus A350F aircraft, with options for an additional 20, making it the largest customer for the new-generation freighter platform. Deliveries are scheduled between 2029 and 2034, with the aircraft powered by Rolls-Royce Trent XWB-97 engines. The order supports Atlas Air’s long-term fleet modernisation strategy and strengthens its position in global cargo and charter markets through improved payload, range and fuel efficiency.
De Havilland Canada Delivers 1000th Twin Otter Aircraft
De Havilland Canada marked a major milestone with the delivery of its 1000th DHC-6 Twin Otter aircraft. Both the 999th and 1000th aircraft will be delivered to SATENA, Colombia’s state-owned regional airline. The milestone reflects the aircraft’s long-standing role in supporting connectivity across remote and challenging environments worldwide.
Merit AirFinance Prices $817 Million Loan ABS
Merit AirFinance successfully priced an $817 million loan asset-backed securitisation (ABS), MERIT 2026-1, marking its debut issuance under the MERIT shelf programme. The transaction includes $461 million of AAA-rated Class A notes, with proceeds used to finance a portfolio of 97 secured aviation loans across 34 lessees. The portfolio has a weighted average asset age of 10.8 years and an average loan maturity of 6.8 years.
Acumen’s Take
On Atlas Air’s A350F Order
TThe scale of Atlas Air’s A350F order reflects growing confidence in next-generation freighter platforms. As cargo demand evolves, operators are prioritising aircraft that deliver both efficiency and extended range capability.
On Twin Otter’s 1000-Aircraft Milestone
The continued production and delivery of the Twin Otter highlights the enduring demand for specialised regional aircraft. Its adaptability across remote and infrastructure-limited markets remains a key differentiator.
On Merit AirFinance’s ABS Issuance
The successful pricing of an $817 million ABS underscores continued investor appetite for aviation-backed assets. Structured finance remains a critical funding channel for leasing platforms seeking to scale diversified portfolios.
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