28 Mar 2025
#5 March 2025: North American Aviation Newsletter
Aviation Capital Group (ACG) Announces Delivery of One Boeing 737-8 MAX to Neos
Aviation Capital Group (ACG) has successfully delivered a Boeing 737-8 MAX to Neos, marking the second of three aircraft scheduled to be delivered from ACG’s order book with Boeing. This latest addition strengthens Neos’ fleet modernisation efforts and aligns with the airline’s strategy to operate more fuel-efficient aircraft.
FedEx Orders 10 ATR 72-600F Aircraft
FedEx Corp, the world’s largest express transportation provider, has placed an order for 10 ATR 72-600F aircraft. This order builds upon a previous commitment of 30 aircraft, with deliveries scheduled between 2027 and 2029. The ATR 72-600F, designed specifically for cargo operations, offers greater reliability and efficiency compared to passenger-to-freighter conversions. ATR’s Senior Vice-President Commercial, Alexis Vidal, emphasized that FedEx’s trust in the aircraft underscores its performance, versatility, and long-term operational advantages.
Malaysia Aviation Group Announces Order for up to 60 Boeing 737 MAX Jets
Malaysia Aviation Group has confirmed an order for 18 Boeing 737-8 and 12 Boeing 737-10 aircraft, with options to expand its fleet to 60 aircraft. The order, booked in January 2025, was previously listed as unidentified on Boeing’s orders and deliveries website. The new aircraft will allow Malaysia Airlines to introduce new lie-flat seating and cater to the rising demand for travel in Southeast Asia. Boeing’s Senior Vice President of Commercial Sales and Marketing, Brad McMullen, highlighted that the fleet modernisation will enhance operational efficiency while reducing fuel consumption and emissions by 20%.
Steven Udvar-Házy to Retire from Air Lease Corporation
Air Lease Corporation (ALC) has announced that Executive Chairman Steven Udvar-Házy will retire on May 2, 2025, following the company’s annual meeting of stockholders. He will continue to serve as Non-Executive Chairman until 2026. Udvar-Házy, who founded ALC in 2010 and previously served as CEO, played a pivotal role in expanding the company’s aircraft portfolio to over $32 billion in assets. Reflecting on his legacy, Udvar-Házy expressed confidence in ALC’s leadership and its ability to continue supporting airline and OEM partners in the years ahead.
Acumen’s Take
On ACG’s Boeing 737-8 MAX Delivery
ACG’s latest delivery to Neos highlights the ongoing demand for fuel-efficient aircraft in the leasing market. With airlines seeking to modernise their fleets and reduce operating costs, leasing firms like ACG continue to play a crucial role in facilitating access to next-generation aircraft.
On FedEx’s ATR 72-600F Order
FedEx’s decision to expand its fleet of ATR 72-600F aircraft underscores the growing demand for purpose-built freighters. The efficiency and reliability of the ATR 72-600F make it a valuable asset in the express logistics sector, allowing FedEx to optimize its regional cargo network.
On Malaysia Aviation Group’s Boeing 737 MAX Order
Malaysia Aviation Group’s order reflects the increasing demand for fuel-efficient aircraft in fast-growing markets like Southeast Asia. The mix of 737-8 and 737-10 variants provides the airline with operational flexibility while supporting its expansion strategy.
On Steven Udvar-Házy’s Retirement
Steven Udvar-Házy’s retirement marks the end of an era in aircraft leasing. His leadership at Air Lease Corporation has left a lasting impact on the industry, shaping the company into a global powerhouse. While his departure is significant, ALC’s solid foundation ensures continued growth and success under its leadership team.
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