ACC Aviation, the global aviation consultancy offering asset management and financial solutions to airlines, lessors and financiers, has successfully transacted a Boeing B737-400 (LY-MGC) from Lithuania’s GetJet Airlines to Frontera Flight Holdings Inc, USA.
The 1991-built aircraft (Serial No 24904) will be reconfigured from 168-seat passenger fit to dedicated freighter for onward lease to passenger and cargo airline Aeronaves TSM of Mexico.
Work on the freighter conversion is scheduled to start later this summer by Aeronautical Engineers of Miami, FL. It will see the addition of a cargo door on the forward left side of the fuselage, plus modification of the main deck to carry multi cargo containers or pallets of up to 23 tonnes (23,000 kg.)
“Demand for freighter aircraft has increased significantly since the pandemic,” acknowledged Robert Sitta, Vice President Asset Management at ACC Aviation, based in ACC’s Dubai office.
“We were therefore very pleased to be able to identify a suitable asset for Frontera Flight Holdings’ client so swiftly and conclude the sale at the end of January.”
The transaction was finalised by ACC’s asset management division, formerly known as Aerotask.
“The B737 will become an integral part of our fleet once the conversion is complete, which will enable us to strengthen our position as leaders in the air cargo market and leverage the e-commerce demand between Mexico and Central America,” added Enrique Garza, Chief Executive Officer at Aeronaves TSM.
ACC Aviation is a steadfast partner which industry colleagues and clients continue to rely upon, with a global team offering professional, impartial advice and expertise across a comprehensive range of aviation services.
For more information about how ACC Aviation can support your business’s aviation asset management projects, get in touch or speak with a member of our team on +971 4 250 0373.
Photo credit: GetSet Airlines
ACC Aviation, the global aviation services group, successfully remarkets two de Havilland Dash 8-100 combi-configured aircraft (MSN 258 and 324). ACC Aviation’s Asset Management Division was exclusively mandated by Canadian North, a Canadian based regional airline.
The onset of the Covid-19 pandemic hit the aviation industry on the crest of a decade-long wave of growth. While the impact of the pandemic on aviation, aviation finance and investments cannot be understated, some of its consequences were in the making well before patient zero’s first cough in Wuhan, says Viktor Berta, ACC Aviation’s VP of Aviation Finance Advisory.
ACC Aviation reports positive growth in the second quarter of 2021, driven by US and UK Charter as well as steady growth in its consulting division.
ACC Aviation reports a more than 20% year on year growth in the first quarter of 2021, despite the harsh impact on aviation brought about by the global pandemic. This follows a 200% year on year growth in charter sales in 2020.
ACC Aviation has been appointed as the exclusive remarketing agent to sell Canadian North’s two de Havilland Dash 8-100 aircraft.