Freight West Atlantic sells two ATP freighters
- West Atlantic
The sale of the two BAE-ATP freighters is part of a strategic partnership with EnComm Ltd, which is based out of Nairobi, Kenya.
As part of the transaction, commitments for spares, engineering and training support were being made by West Atlantic. This is said to assist EnComm in setting up its operations.
West Atlantic has also acquired further two BAE ATP passenger aircraft, which are very likely to be transferred to EnComm as well. Both aircraft are currently being operated by one of the group´s partners. Last year, the operator announced, that it will move its ATP fleet outside of Europe.
West Atlantic’s VP Aircraft Management Robert Drew said: "This transaction marks the first step in reallocating our ATP aircraft portfolio into markets and geographies that can capitalise in full on the benefits of this efficient turboprop [...] we are now dedicated to providing all necessary support to ensure that the operation is set up as efficiently as possible.”
The airline stated, that this transaction will generate increasing cash flow and net income for the first quarter of 2018.
West Atlantic Group is a holding company for two European cargo airlines: West Atlantic UK and West Air Sweden. Altogether, the carriers operate with a fleet of 56 aircraft, including 40 BAE ATP freighters. Further six Boeing 737-300-Fs, 10 Boeing 737-400-Fs, two CRJ200PFs and three Boeing 767-200SF belong to the fleet. Operating hubs are at Malmö. Marseille, East Midlands and Oslo.
Source © westair.se