AerFin has agreed to acquire 44 Boeing 737NG aircraft from Qantas (QF) in the largest transaction in the company’s history. The acquisition also comprises 88 CFM56-7B engines. This is a huge milestone in AerFin’s aviation expansion and further emphasises the company as a leading global aviation market specialist.
AerFin’s aviation expansion
The acquisition from Qantas will strengthen support for airlines and maintenance, repair and overhaul, providing access to high-quality aircraft material. The transaction will also support airline and Maintenance, Repair and Operations (MRO) customers globally. The aircraft will be transferred to AerFin over the next seven years, with the first set to arrive this year.
AerFin’s expanding footprint across the Asia-Pacific region continues to grow as the company continues to deliver complex aviation transactions on a significant scale. AerFin’s wider strategy to expand its global aviation asset portfolio will be supported by this transaction process.
Simon Goodson, Chief Executive Officer at AerFin, said:
“Completing the largest deal in our history demonstrates the scale of our ambition, the strength of our team and the confidence the market has in our ability to deliver.”
The aircraft will be transferred to AerFin over the next seven years, with the first set to arrive some time this year.
What has the response been from Qantas?
Qantas has been very open about this transaction and believes it’s important to retire its older aircraft and adapt to the introduction of modern aircraft. Welcoming new aircraft and commercial flights is a priority for Qantas, so the company was willing to give up its Boeing 737NGs to pass on to AerFin. Qantas Domestic CEO, Markus Svensson said:
“Our 737s have been the workhorse of the Qantas domestic operation, and will continue flying for us for many years, alongside our growing fleet of next generation aircraft. This agreement allows us to plan for the retirement of the majority of our 737 fleet while also providing flexibility to adjust the timing as new aircraft arrive. We expect to take delivery of up to 24 new aircraft this year.”
AerFin remains focused on helping customers maximise value, improve operational resilience, and extend the lifecycle of aviation assets. The transfer of Qantas’ Boeing 737NGs will be part of this expansion plan.
What do you think about this transaction in relation to the global parts shortage for other airlines still flying 737NGs? Let us know in the comments below!
