Airborne Capital Strengthens Strategic Partnership with Geosky Airlines Through Second Boeing 767-300BCF Lease Agreement
Airborne Capital, a leading global aircraft asset manager and financier, today announced the successful placement and delivery of a second Boeing 767-300BCF widebody freighter on a long-term lease to Geosky Airlines, one of Georgia’s fastest-growing cargo operators. The addition of this aircraft marks another significant milestone in the ongoing collaboration between the two companies and reflects Airborne Capital’s expanding footprint in the global air cargo leasing and freighter conversion market.
With the arrival of the newly leased Boeing 767-300BCF, Geosky Airlines’ dedicated freighter fleet now increases to four units of the 767-300BCF, further strengthening its operational capacity across regional and intercontinental routes. The expansion underscores Geosky’s commitment to meeting the rising demand for efficient air cargo transport across Europe, the Middle East, and Asia.
Expanding Partnership and Growing Market Presence
This agreement represents the second transaction between Airborne Capital and Geosky Airlines, reinforcing the companies’ shared confidence in the continued growth of the global air freight sector. It also highlights Airborne Capital’s evolving position as a key player in the widebody freighter segment—an area that has gained considerable momentum amid global supply chain restructuring, heightened e-commerce activity, and increasing reliance on air logistics for time-sensitive deliveries.
Airborne Capital has been strategically expanding its freighter portfolio in recent years, with a particular focus on remarketing Boeing 767 freighter units to established and emerging cargo operators. The latest lease forms part of a series of placements involving several B767-300BCF aircraft currently under Airborne Capital’s management and remarketing program.
Speaking about the transaction, Cian Dooley, Founding Partner at Airborne Capital, stated:
“We are delighted to announce this transaction and to further cement our relationship with Geosky Airlines as a trusted client and partner. The continued market interest in the Boeing 767-300BCF demonstrates the aircraft’s enduring versatility and efficiency as a backbone of the medium widebody freighter fleet. We look forward to successfully remarketing the remaining aircraft in our 767-300BCF program and expanding our presence in this important market segment.”
Geosky Airlines’ Continued Growth and Fleet Expansion
Founded in 2017, Geosky Airlines has rapidly emerged as a significant player in the air cargo market, headquartered in Tbilisi, Georgia. The airline provides charter and scheduled cargo services, connecting major logistics hubs across Europe, the Middle East, Central Asia, and parts of East Asia. Its operations include transport of general freight, e-commerce goods, industrial equipment, and humanitarian aid.
Over the past few years, Geosky Airlines has steadily grown its fleet and operational footprint, demonstrating consistent year-on-year increases in flight activity and cargo throughput. The addition of this fourth Boeing 767-300BCF aircraft positions the airline to further scale its operations, improve schedule reliability, and enhance network flexibility across its service regions.
Tornike Kortoshidze, President of Geosky Airlines, commented:
“Geosky Airlines’ business has been growing steadily in recent years, supported by strong demand for air freight capacity and a loyal base of logistics and freight forwarding partners. This latest addition to our fleet underscores our commitment to serving that demand with reliability, safety, and efficiency. We are pleased to continue working with Airborne Capital, whose expertise and partnership have been instrumental in supporting our fleet growth strategy.”
Aircraft Overview and Market Context
The Boeing 767-300BCF (Boeing Converted Freighter) remains one of the most sought-after aircraft types in the mid-size freighter category, offering a balance of payload capacity, range, and fuel efficiency. The 767-300BCF’s ability to carry approximately 52 tonnes of cargo over a range of more than 3,000 nautical miles makes it ideally suited for a wide variety of regional and long-haul cargo missions.
Demand for converted freighters such as the 767-300BCF continues to surge globally, driven by e-commerce growth, reduced belly capacity in passenger networks, and an industry-wide shift toward dedicated freighter solutions. Analysts estimate that the freighter conversion market will remain strong through the decade, with carriers increasingly seeking flexible aircraft that combine lower operating costs with robust payload capability.
Airborne Capital’s participation in this growing sector aligns with its strategy of building diversified asset portfolios that include narrowbody, widebody, and freighter aircraft. The company’s in-depth market insights and remarketing expertise enable it to match high-quality assets with operators like Geosky Airlines that are focused on sustainable, long-term growth.
Operational Milestones and Commitment to Safety
In addition to expanding its fleet, Geosky Airlines continues to demonstrate a strong commitment to operational safety and international compliance. In May 2025, the airline successfully completed the renewal audit for the IOSA RBI 2025 certification, an achievement that reflects its adherence to the International Air Transport Association (IATA) Operational Safety Audit (IOSA) standards—one of the aviation industry’s most rigorous benchmarks.
The IOSA renewal underscores Geosky’s dedication to maintaining high levels of operational safety, risk management, and quality assurance across its expanding global network. The airline’s management credits this commitment to its ability to attract new partnerships and maintain the confidence of lessors, regulators, and customers worldwide.
For Airborne Capital, the successful completion of this lease further validates its growing role as a trusted partner to both established and emerging cargo carriers. The company continues to pursue opportunities in the freighter conversion and leasing space, leveraging its relationships with manufacturers, maintenance providers, and financial partners to offer flexible leasing structures tailored to clients’ operational and financial needs.
Looking ahead, Airborne Capital anticipates sustained demand for mid-size freighters like the Boeing 767-300BCF, particularly from operators serving regional cargo markets and long-haul express networks. As the global cargo industry evolves to support digital commerce and resilient supply chains, both Airborne Capital and Geosky Airlines are positioned to play key roles in shaping the next phase of growth in air logistics.
Airborne Capital Limited is an independent aircraft leasing and asset management company headquartered in Dublin, Ireland, with offices in North America and Asia. The company specializes in aircraft investment, origination, asset management, and remarketing services for institutional investors and airline clients worldwide. Airborne Capital manages a diversified fleet that spans passenger and freighter aircraft across major global markets, offering tailored leasing and financing solutions designed to meet the evolving needs of the aviation industry.
Geosky Airlines is a Tbilisi-based cargo airline established in 2017. The carrier operates a growing fleet of Boeing 747 and 767 freighter aircraft, serving customers across Europe, the Middle East, Africa, and Asia. Geosky provides charter and scheduled air cargo services, with a focus on reliability, safety, and flexibility. The airline is certified under the IATA Operational Safety Audit (IOSA) program and continues to expand its operations in response to the global rise in air freight demand.
Certain statements in this release may constitute forward-looking statements. These statements reflect Airborne Capital’s and Geosky Airlines’ current expectations regarding future events, including market trends, fleet expansion, and operational performance. Actual results may differ materially due to various risks and uncertainties in the global aviation and cargo sectors.