Air Peace (P4, Lagos) has entered into a new ACMI agreement for an additional B737-800 from KlasJet (KJ, Vilnius), part of Lithuania-based Avia Solutions Group, KlasJet announced in a statement.

The move comes one month after the collapse of SmartLynx Airlines, a former Avia Solutions Group carrier which the group sold shortly before the end of its operations in November 2025, which had been wet-leasing four A320-200s to the Nigerian airline. The cessation of operations at SmartLynx hit Air Peace with a USD15 million impact and massive disruptions.

In a statement to ch-aviation, KlasJet confirmed that the wet-lease is for LY-BBN (msn 34903), an aircraft which has been operating flights on behalf of the Nigerian airline since early December 2025. The ACMI specialist said that the aircraft is configured with capacity for 174 passengers in two classes (12 in business and 162 in economy).

KlasJet has five B737-800s in its fleet, of which three are wet-leased to El Al Israel Airlines, one to Air Peace, and one stored.

“We have ambitious plans for the future and are convinced that the aircraft leasing model provides us with the flexibility required to grow strategically,” said Oluwatoyin Olajide, chief operations officer at Air Peace.

According to ch-aviation fleets data, Air Peace’s fleet comprises six B737-300s, four B737-500s, one B737-700, six wet-leased B737-800s (five of them sourced from AirExplore and one from KlasJet), two B777-200ERs, two B777-300s, one Do328-300, eight E145s, two E190s, one E195s, and five E195-E2s.