Aerotask has successfully facilitated Kam Air’s acquisition of their second ATR 42-500.
This latest acquisition concludes the two-aircraft transaction, with the first having been delivered in November 2018.
This ATR 42 was formerly operated by Oman Air and was procured on a finance lease from an EU-based aircraft lessor.
With the introduction of these first ATR 42-500s, the only aircraft of their type operating in Afghanistan, into Kam Air’s existing fleet of 11 aircraft, the privately-owned airline aims to increase the competitiveness of their domestic service offering while simultaneously stimulating additional demand.
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 is expanding the expertise it offers to airlines, lenders and lessors with the addition of an in-house aviation finance specialist.
Environmental, Social and Governance (ESG) was trending pre-pandemic before Covid-19 overshadowed it and airlines put on hold new fleet decisions or deferred deliveries. However, as the industry starts to return it is expected to come back strong.
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’s Director of Consulting, Rob Watts, reflects on the rise of sustainable investing, the growing importance of ESG in aviation financing and the implications for airlines and investors.
While the effects of the coronavirus pandemic are still being felt around the world, airlines must effectively manage their assets, operations and cash flow to ensure sustainability and, ultimately, long-term business success. In the third and final instalment of this three-part series, we explore options for airlines looking to raise additional capital to secure longevity, during and after COVID-19.