Transatlantic Aviation Ltd

[mary_hinge]

Have any of you good people heard Transatlantic Aviation? I have a database (up-to date ) that shows 9 aircraft with a “G” registration! All are B767-200s, JT9 powered, ex United airframes?

I’m unable to find any more information on them, just being curious (AKA nosey:D )

Thanks

[Cyrano]

One of the pages from a Google search on "Transatlantic Aviation Ltd" includes the following, which might give you some more pointers. Looks as though it's just a special-purpose company (SPC) based in a tax haven and used for an aircraft purchase. Pretty common in the aircraft leasing business.

C.

T R O U B L E D C O M P A N Y R E P O R T E R
Friday, November 5, 2004, Vol. 8, No. 242
Headlines
UAL CORPORATION: Selling 16 Planes for $40.8 Million
----------------------------------------------------
In 2003, UAL Corporation and its debtor-affiliates decided to
phase out their Boeing 767-200 Aircraft as part of the overall
fleet restructuring. Since then, the Debtors have marketed the
Aircraft using a variety of methods, including listing on the Web
site, sales pitches at trade shows, notification in industry
publications and Internet advertising. The Debtors received
inquiries from over 25 parties.
In March 2004, the Court authorized the sale of the Aircraft to
Air Transport Group, Inc. However, ATG could not consummate the
purchase due to its failure to obtain the requisite financing
and, hence, its inability to produce the required down payment.
As a result, the Debtors exercised their right to terminate the
transaction.
When the ATG transaction dissolved, the Debtors restarted the
marketing process. The Debtors soon received several inquires
and pursued a sale with a small London-based leasing entity, the
Belfairs, which is backed by private investors. In turn, the
Belfairs organized Transatlantic Aviation, Ltd., a British Virgin
Islands corporation, as the buyer to effectuate the sale.
The package includes two used Pratt & Whitney JT9D-7R4D engines,
one Pratt & Whitey Canada model 200E auxiliary power unit, five
used spare Pratt & Whitney Model JT9D-7R4D engines, and a 30-day
option to purchase about $2,000,000 in spare parts.
Under the Sale Agreement, Transatlantic will pay $2,550,000 per
Aircraft for a total of $40,800,000. Transatlantic will make a
Downpayment of $3,672,000 and deposit a non-refundable Fee of
$408,000 to be applied pro rata towards the final price.