24 Oct 2025
#4 October 2025: Irish Aircraft Leasing Newsletter
Aergo Capital Announces Sale of Two Boeing 737-800BCF Aircraft to World Star Aviation
Aergo Capital announced the sale of two Boeing 737-800 Boeing Converted Freighters (BCF), bearing manufacturer serial numbers 29786 and 29788, to World Star Aviation. Aergo Capital CEO Fred Browne stated, “We are pleased to announce the successful sale of these Boeing 737 aircraft to World Star Aviation. A special thanks to all those who were involved in completing this transaction. We look forward to continuing our relationship with World Star Aviation in the future.” The transaction further strengthens Aergo’s active presence in the freighter market and underscores the continuing demand for converted narrowbody aircraft amid robust global e-commerce and cargo growth.
Avolon Agrees to Lease Six Boeing 737-8 MAX Aircraft to Royal Air Maroc
Avolon announced it has finalised a lease agreement with Royal Air Maroc (RAM) for six Boeing 737-8 MAX aircraft — marking the lessor’s first transaction with the Moroccan flag carrier. The first two aircraft were delivered in recent weeks, with the remainder scheduled through 2025 and 2026. Avolon President and Chief Commercial Officer Paul Geaney commented, “We are excited to welcome Royal Air Maroc as a new customer to support their ambitious growth plans. Africa is one of the fastest-growing aviation markets globally, and Royal Air Maroc will play a key role in driving this expansion.” The deal strengthens Avolon’s position in emerging growth markets and demonstrates sustained leasing momentum across Africa’s expanding aviation sector.
CDB Aviation Completes Mandate to Deliver Two A320neos to Azerbaijan Airlines
CDB Aviation announced the completion of a delivery mandate for two Airbus A320neo aircraft to Azerbaijan Airlines (AZAL). Powered by CFM LEAP-1A26 engines, the aircraft form part of AZAL’s fleet modernisation strategy, replacing older A320 and A319 models. CEO Jie Chen expressed appreciation for the collaboration between both teams, noting that the addition of next-generation A320neo Family aircraft will support AZAL’s sustainable growth and operational efficiency. The transaction highlights CDB Aviation’s commitment to supporting regional carriers with modern, fuel-efficient assets across the Eurasian market.
Acumen’s Take
On Aergo Capital’s 737-800BCF Sale
Aergo’s transaction with World Star Aviation reinforces Ireland’s continued leadership in the converted freighter segment. As e-commerce-driven demand persists, the 737-800BCF remains a highly liquid and cost-efficient narrowbody cargo platform. For Aergo, the sale reflects both market timing acumen and strategic recycling of assets to meet investor appetite for cargo yield exposure.
On Avolon’s Lease to Royal Air Maroc
Avolon’s entry into North Africa via Royal Air Maroc demonstrates the lessor’s focus on portfolio diversification and alignment with emerging regional growth. With Africa forecasted as one of the strongest long-term demand regions, this transaction positions Avolon to benefit from rising fleet modernisation needs and deepens its global customer base.
On CDB Aviation’s A320neo Deliveries
CDB Aviation’s completion of its Azerbaijan Airlines mandate underscores its capability in executing strategic placements across growth-oriented markets. Deliveries of new-generation A320neos highlight continued progress toward fleet sustainability, while strengthening CDB’s position as a key lessor partner across the CIS and Eurasian regions.
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