As of July 2012, Cape Air's fleet consists of the following aircraft:
| Type | Fleet | Orders | Passengers | Notes |
|---|---|---|---|---|
| ATR 42-320 | 2 | 0 | 46 | Operated in Micronesia. |
| Cessna 402 | 69 | 0 | 8 (+1 in copilot seat when unused) |
In November 2010, Cape Air announced that it was considering new aircraft types to replace the Cessna 402. On April 18, 2011, Tecnam, an Italian company announced it will be producing the Tecnam P2012 Traveller. The aircraft will be ready for delivery in 2016.
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For so appears this fleet majestical.”
—William Shakespeare (1564–1616)
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Were to change by tomorrow, and fleet in my arms,
Like fairy-gifts fading away.”
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sits a fleet of small black ships,
square-rigged, sails furled, motionless,
their spars like burned matchsticks.”
—Elizabeth Bishop (1911–1979)