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Avion acquire more B747-400s

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Avion acquire more B747-400s

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Old 31st Mar 2006, 18:26
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Avion acquire more B747-400s

Avion Group, the global transportation solutions group, is pleased to announce the purchase of seven Boeing 747-400 aircraft (six passenger and one cargo aircraft) and four passenger to cargo conversion slots with Boeing.

Following these conversions, the five cargo aircraft will be operated by Air Atlanta Icelandic, (AAI), Avion Group’s ACMI operator. They will replace the older Boeing 747-200 Freighters in AAI’s fleet. The remaining two passenger 747-400s are to become part of ,the Travel City fleet, part of Excel Airways Group.

The value of the seven Boeing 747-400 and the four conversion slots is approximately $405 million and the purchase is to be financed through Avion Group equity and debt.

Six of the aircraft were purchased from All Nippon Airways (ANA) in Japan and one was purchased from Cargolux Airlines in Luxembourg.

Two ex Malaysian 747-400 aircraft have also been acquired - now registered TF-AML, and TF-AMM.
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Old 31st Mar 2006, 21:50
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Great news from the avion group, any ideas if they'll be in for the summer season for Travel City?
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