UK-based aviation aftermarket specialist AerFin has agreed a landmark acquisition of 44 Boeing 737 Next Generation (NG) aircraft from Australian flag carrier Qantas, together with their 88 CFM56-7B engines, in the largest transaction in the company’s history.
Announced on 4th of November, the agreement represents a significant milestone in AerFin’s expansion and will strengthen its portfolio of aircraft and engine assets, providing additional support to airlines, maintenance, repair and overhaul (MRO) organisations and other aviation customers worldwide.
The aircraft will be transferred to AerFin progressively over the next seven years, with the first expected to arrive before the end of 2026. The phased arrangement will allow Qantas to continue operating its Boeing 737 fleet while gradually retiring aircraft as replacement deliveries permit.
AerFin Chief Executive Officer Simon Goodson described the agreement as a defining moment for the company, highlighting the scale of the transaction and its significance for the business’s continued growth.
“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,” said Goodson.
“Transactions of this size require deep technical expertise, strong financial capability and trusted partnerships. We’re proud to be working with Qantas on this agreement and look forward to maximising value from these assets while continuing to support customers across the global aviation aftermarket.”
The acquisition will provide AerFin with a substantial pipeline of aircraft and engine material, supporting its activities in the global aviation aftermarket. The company intends to use the assets to help meet demand from airline operators and MRO providers for aircraft components, engines and other maintenance material.
The agreement also strengthens AerFin’s position in the Asia-Pacific region, where demand for aftermarket support continues to present opportunities as airlines modernise their fleets.
AerFin Chief Commercial Officer James Bennett said the transaction demonstrated the strength of the company’s relationships with airlines and aircraft asset owners.
“The Asia-Pacific market continues to present significant opportunities for the aviation aftermarket, and this transaction further strengthens AerFin’s position in the region,” said Bennett.
“Working closely with Qantas on a deal of this scale reflects the trusted relationships we continue to build with airlines and asset owners worldwide. It also demonstrates our ability to provide flexible, commercially focused solutions that support customers throughout the aircraft lifecycle.”
For Qantas, the agreement forms part of its wider fleet renewal programme, which will see the airline progressively transition away from its established Boeing 737 fleet as newer-generation aircraft enter service.
The Boeing 737 has been a mainstay of Qantas’ domestic operations for many years, but the airline is increasingly introducing Airbus A321XLR aircraft as part of its modernisation strategy.
Qantas Domestic Chief Executive Markus Svensson said the agreement would provide the airline with flexibility as it manages the transition to its next-generation fleet.
“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, with our next generation fleet improving our operational performance and receiving great customer feedback,” Svensson added.
The seven-year transfer period means the aircraft will not all leave Qantas service immediately, with individual handovers expected to align with the airline’s replacement aircraft deliveries and fleet requirements.
Founded in 2010, AerFin supports more than 600 customers worldwide through the sale, leasing, repair and management of aircraft, engines and components. The company has continued to expand its international presence through acquisitions and strategic partnerships, positioning itself as a significant supplier within the global aviation aftermarket.
The Qantas agreement represents a major addition to that portfolio, securing 44 aircraft and 88 engines that will provide opportunities to support the global Boeing 737NG maintenance and component supply market for years to come.