AELF Acquires Airbus A330-300 on Lease to South African Airways

PHOENIX, March 3, 2025 – During the ISTAT Americas annual convention in Phoenix today, Aircraft Engine Lease Finance, Inc (“AELF”) announced it has acquired an A330-300 on lease to South African Airways; the 2016 vintage aircraft bears serial number 1754. 

“This A330-300 acquisition presented a unique opportunity to connect our recent activities in South Africa and our extensive experience with A330s,” said Joe Cirillo, Chief Commercial Officer.  “South African Airways is a long-standing flag carrier on a positive trajectory, which we are very proud to add to our roster of valued airline partners.”

AELF has recently acquired, leased and financed several 737-800s in of South Africa and elsewhere, and owns a leased fleet of A330-200s.  

“SAA is pleased and grateful at the renewal of its partnership with AELF as we grow and modernise our fleet in light of the exciting prospecting beckoning our industry here in Africa and beyond.” John Lamola, CEO of South African Airways, added.

The transaction was arranged by the Dutch firm Arena Aviation Capital. “This transaction is our  first with AELF who we congratulate with the acquisition and smooth professional deal closing” said Erik Dahmen, Chief Commercial Officer of Arena. “Moreover, it is a testimony to our desire to add value to and generate more revenue from third party services, apart from traditional aircraft lease management.”