Singapore Airlines has completed sale-and-leaseback transactions for 11 widebody aircraft, comprising seven A350-900s and four B787-10s, raising S$2b or US$1.5b in the process. Arranging the leases are Aergo Capital with one apiece; Altavair for four A350-900s; EastMerchant/Crianza Aviation for one A350-9 and two B787-10s; and Muzinic and Co. Limited with one apiece. Also read: dnata earns IATA’s CEIV Fresh certification in Singapore The flag carrier has raised around S$15.4b in fresh … [Read more...] about SIA raises $1.5b on A350, B787 leaseback deals
long-haul transport
SpiceJet expands cargo fleet as vaccine drive gains pace
Fresh from kickstarting the vaccine drive across India last week, SpiceJet has drafted two more wide-body planes—B767 and A330—to its cargo fleet, to meet the demand for long-haul routes to Europe and North America. “The need for wide-body planes to deliver vaccines and other important cargo has never been more important than today,” said Ajay Singh, chairman and managing director of SpiceJet. The carrier’s dedicated fleet for cargo now counts 19, including five wide-body jets, five Boeing … [Read more...] about SpiceJet expands cargo fleet as vaccine drive gains pace
Dimerco nabs contract to deliver choppers from Canada to China
Freight forwarder Dimerco has won global bids to provide supply chain services for a "leading helicopter assembly, refitting and operation company in China." The contract involves shipping nearly 30 Bell 407 helicopters from Canada to China by the end of 2020. This would entail moving the cargo by air ride truck first from Montreal to Toronto, then by air to Tianjin and onto the final destination in Xi'an, again by air ride truck. This would cut the time to deliver a helicopter shipment … [Read more...] about Dimerco nabs contract to deliver choppers from Canada to China
