K2 Aviation has completed the purchase of a Boeing 737-800 aircraft from Aviation Capital Group (ACG), with the jet remaining on lease to South African low-cost carrier FlySafair. The transaction, announced on March 5, 2026, marks K2’s first acquisition from ACG and introduces FlySafair as a new customer, extending K2’s portfolio into Africa.
Charles Graham, Chairman of K2 Aviation, stated: “We are pleased to purchase our first of many aircraft from our good friends at ACG. We welcome FlySafair as a customer and with this have expanded our reach to a new continent as we grow our portfolio in 2026.”
This deal aligns with K2 Aviation’s expansion strategy. The company previously acquired an A330-200 leased to TAP Air Portugal and a Boeing 737-800 leased to Eastar Jet. It also completed its first aircraft sale, an A320, to GetJet Airlines through servicer Dubai Aerospace Enterprise (DAE), and purchased six Airbus and Boeing aircraft from DAE, appointing DAE as servicer.
Meanwhile, Aviation Capital Group continues active in the market. On February 26, 2026, ACG delivered two Boeing 737 MAX 8 aircraft to WestJet via a sale-and-leaseback transaction. Earlier, on January 13, 2026, ACG ordered 50 Boeing 737 MAX jets, including 25 737-8s and 25 737-10s, bolstering its orderbook through 2033.
In related fleet news, KLM retired its first Boeing 737-800, registration PH-BXK, sending it to Twente Airport for dismantling and recycling as part of a €7 billion renewal program replacing 737s with Airbus A321neo aircraft.