The global aircraft charter specialist has held a minority holding in Magma since the company was launched in 2010 to commercially and operationally manage dedicated wide-body cargo aircraft, contracted on an exclusive basis from airline partners. The new ownership structure will give Magma the financial backing to expand its network of cargo services, as well as affording the company enhanced access to the international ad hoc charter market. Magma will continue to operate as a … [Read more...] about Magma Aviation's new ownership structure
Leasing & Chartering
Cabot Aviation renamed Air Partner
Air Partner acquired Cabot Aviation in May 2015 and the re-branding is a natural progression in the integration process, reflecting the success to date. Post acquisition, Cabot has been able to offer its clients the benefits of Air Partner’s PLC status (the group is fully listed on the London Stock Exchange), financial strength, culture of best practice corporate governance, financial transparency, international office infrastructure and global supplier network. Cabot … [Read more...] about Cabot Aviation renamed Air Partner
Atlas Air Worldwide announces 747-400F service for new customer
Atlas Air Worldwide Holdings, Inc. announced that its Atlas Air, Inc. unit has entered into an agreement to operate one of its Boeing 747-400 Freighters for Asiana Cargo. The contract is initially for one aircraft to be provided and operated by Atlas Air and to be flown on key global routes across the transpacific, connecting Korea with several destinations in the U.S. Service is scheduled to begin in February 2017. “We are delighted to welcome Asiana Cargo … [Read more...] about Atlas Air Worldwide announces 747-400F service for new customer
BOC Aviation renews aircraft leasing scheme
BOC Aviation Limited is pleased to announce that it has successfully renewed its Aircraft Leasing Scheme (the “ALS”) for a five-year period to June 2022. The company’s current ALS will expire in June 2017. The ALS is an incentive scheme under which income derived from aircraft leasing operations is taxed at a concessionary tax rate, rather than the prevailing corporate tax rate in Singapore of 17 percent. Under the ALS, BOC Aviation is also eligible to apply for certain … [Read more...] about BOC Aviation renews aircraft leasing scheme
Vladimir Zubkov to be TIACA’s new secretary general
The International Air Cargo Association (TIACA) has announced its new secretary general, will be Vladimir Zubkov, replacing Doug Brittin, who retires at the end of the year. Zubkov has more than 40 years’ experience in the air transport industry, including senior roles with the International Civil Aviation Organisation (ICAO), and, most recently, as vice president of the Volga-Dnepr Group of Companies. He has been a member of the TIACA Board since 2011 and is the chairman of the Industry … [Read more...] about Vladimir Zubkov to be TIACA’s new secretary general
Philippine Airlines’ new B777-300ER to go trans-Pacific
Philippine Airlines has boosted its long-haul fleet with the arrival of a new B777-300ER aircraft. The first of four leased from Intrepid Aviation, the new twin-aisle aircraft will be primarily deployed on the airline’s trans-Pacific routes to North America. PAL expects to welcome another B777 from Intrepid Aviation before the end of 2016. The national carrier is planning to further bolster its long-haul fleet in the coming years, with the delivery of six A350s due to commence in 2018. “We … [Read more...] about Philippine Airlines’ new B777-300ER to go trans-Pacific
