K2 Aviation has closed the purchase of a Boeing 737-800 from Aviation Capital Group (ACG), with the aircraft currently leased to South African low-cost carrier FlySafair. The transaction was announced by K2 Aviation on its official LinkedIn account on March 5, 2026, marking the first of multiple expected aircraft acquisitions from ACG.
This deal expands K2 Aviation’s portfolio in the narrowbody leasing market. The Boeing 737-800, a workhorse for short- to medium-haul routes, supports FlySafair’s operations in South Africa, where the airline maintains a fleet primarily composed of this model for high-frequency domestic and regional flights.
Aviation Capital Group, a Newport Beach-based aircraft lessor and subsidiary of Tokyo Century Corporation, manages approximately 450 owned, managed, and committed aircraft leased to 85 airlines across 50 countries as of December 31, 2025. ACG specializes in commercial aircraft leasing and asset management services.
The purchase aligns with ongoing activity in the aircraft leasing sector. K2 Aviation described it as the initial step in a broader partnership with ACG, potentially involving additional Boeing 737 family aircraft. FlySafair, a key player in South Africa’s aviation market, benefits from the continuity of its leased asset under new ownership.
Such transactions reflect sustained demand for reliable narrowbody jets amid global fleet modernization efforts.