01 Mar 2025
#1 March 2025: Irish Aircraft Leasing Newsletter
Air Greenland Signs Lease Agreement for Airbus A320neo with Carlyle
Air Greenland has finalised a lease agreement with Carlyle for an Airbus A320neo, set to enter service in spring 2027. The six-year lease, with an option for extension, will allow Air Greenland to introduce a new route connecting Ilulissat and Copenhagen, complementing its existing A330neo operations. The aircraft, scheduled for delivery in December 2026, will be tailored to Greenlandic conditions and coincide with the opening of North Greenland’s new international airport, which features a 2,200-metre runway and is expected to boost regional air connectivity.
Nordic Aviation Capital (NAC) Shareholders Approve Acquisition by DAE
Nordic Aviation Capital (NAC) shareholders have voted in favour of the company's acquisition by Dubai Aerospace Enterprise (DAE), with over 85% approving the $2 billion transaction. The deal, which includes NAC’s outstanding debt, is expected to be finalised in the first half of 2025, subject to regulatory approvals and other conditions. NAC President & CEO Norman C.T. Liu highlighted the company’s improved financial position and fleet restructuring as key factors enhancing its attractiveness for acquisition, expressing appreciation for stakeholders’ continued support during the transition.
SMBC Aviation Capital Signs Lease Agreements with Thai Airways for 8 Airbus A321neo Aircraft
SMBC Aviation Capital has reached an agreement with Thai Airways to lease eight Airbus A321neo aircraft, with deliveries scheduled between 2026 and 2027. The aircraft, sourced from SMBC Aviation Capital’s Airbus order book, will strengthen Thai Airways’ regional expansion by enhancing its narrowbody fleet. Conor Stafford, SMBC Aviation Capital’s Head of Airline Marketing, emphasised the A321neo’s role in boosting operational efficiency, passenger comfort, and sustainability, reinforcing the long-term collaboration between SMBC and Thai Airways.
Acumen’s Take
On Air Greenland’s Lease Agreement with Carlyle
Acumen Aviation recognises the strategic importance of Air Greenland’s acquisition of an A320neo, which aligns with global trends towards fleet modernisation and regional connectivity. Integrating next-generation aircraft supports enhanced operational efficiency, and Acumen’s expertise in asset management, aircraft customisation, and advisory services ensures airlines can optimise fleet planning to meet emerging demands in key markets.
On NAC’s Acquisition by DAE
The approval of DAE’s acquisition of NAC highlights the continued consolidation within the aircraft leasing industry. Acumen Aviation, with its extensive experience in asset advisory and lease management, understands the complexities of such transactions and their impact on global leasing portfolios. As the deal progresses, Acumen remains committed to supporting industry players with strategic insights, ensuring smooth transitions and optimised fleet strategies.
On SMBC Aviation Capital’s Lease Agreements with Thai Airways
Thai Airways’ decision to lease Airbus A321neo aircraft from SMBC Aviation Capital reflects its commitment to expanding and modernising its fleet. Acumen Aviation’s in-depth knowledge of aircraft leasing, fleet transitions, and digital asset management solutions makes it a key player in assisting airlines with optimising their leasing strategies and ensuring seamless integration of new aircraft into operational networks.
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