Aquila Air Capital announces aircraft lease transaction with Astral Airlines
NEW YORK, November 8, 2021 / PRNewswire / – Aquila Air Capital, a specialty finance platform focused on commercial aerospace, today announced the signing of operating leases for three Boeing 757-200F cargo aircraft with Astral Airlines. SkyExec Capital Jets acted as arranger and will provide the lease service for the duration. The planes are expected to be delivered to Astral from November 2021, at the end of their scheduled maintenance.
Aquila Air Capital is a specialized financing platform focused on asset financing in partnership with industry players as well as on the purchase and lease of airplanes, engines and other aeronautical equipment. The company is a trusted partner for all players in the value chain, from buyers and sellers of assets to operators in need of creative and timely solutions for their critical business needs.
“We are delighted to have Astral Airlines as a customer. At Aquila, we are only focused on providing cost effective and flexible solutions for our customers to handle this unprecedented time. We hope this will be the start of a long-term relationship project with Astral to facilitate their future growth, ”said Al wood, CEO of Aquila Air Capital.
“We are delighted to enter into a lease agreement for three B757-200F aircraft from Aquila Air Capital and SkyExec Capital Jets. The aircraft will support the Nairobi – Johannesburg and Nairobi – Dubai regular service with increased frequency for our customers in addition to new regular routes to and within Africa and Middle East in 2022. It will also offer point-to-point solutions for COVID-19 vaccines (from India / WATER at Africa) in addition to e-commerce shipments to new markets, ”Astral CEO said, Sanjeev Gadhia. The agreement marks a new partnership with the American donor.
“The B757-200F will complement Astral’s fleet with efficient new options to and within its existing scheduled and charter freight network, which includes more than 50 destinations in Africa, Middle East and Southeast Asia, ”said Astral’s Commercial Director in the United Arab Emirates, Mr. Satvir Kalsi.
“With this agreement, Astral Aviation will become the largest operator of B757F in Africa and Middle East, in addition to being the sole operator of B767F in the region, ”said Astral’s COO, Michel mutahi. “The B757F is a fuel-efficient, mid-range, narrow-body freighter, with a payload of up to 30 tonnes and a range of 5 hours, making it the perfect cargo for the African, Middle East & South East Asia region, ”added Mr. Michel mutahi.
About Aquila Air Capital
Aquila Air Capital is a specialized financing platform focused on asset financing in partnership with industry players as well as on the purchase and lease of airplanes, engines and other aeronautical equipment. Led by a management team with over 50 years of collective experience in the aerospace industry, Aquila Air Capital is a trusted partner for all players in the value chain, from buyers and sellers of assets to operators in need. creative and timely solutions for their critical business needs. Aquila Air Capital is backed by Warburg Pincus, a leading global private equity firm focused on growth investing and Kepler Hill Capital, a private equity firm focused on special situations. For more information, please visit www.aquilaaircapital.com.
About Astral Aviation
Astral Aviation is africa first all-cargo airline with a fleet of 14 freighters operating from its multiple hubs in Nairobi, Kenya, Johannesburg, South Africa, Dubai, United Arab Emirates and Liège, Belgium, to more than 50 destinations to and in Africa, Middle East and Europe, using a combination of scheduled and charter flights.
During the pandemic, Astral operated cargo flights for PPE, ventilators and test kits to 42 countries in Africa and will play an important role in the distribution of the COVID-19 vaccine to and within Africa.
For more information, please visit www.astral-aviation.com.
Aquila Capital of the Air
SOURCE Aquila Air Capital