AeroTransCargo (ATC) FZE, the aviation asset administration arm of AIR ONE Worldwide Holdings, has closed a senior time period mortgage facility with HALO AirFinance, a three way partnership between GA Telesis and Tokyo Century Company. The deal will fund key fleet investments as ATC continues to develop its presence throughout world air cargo markets.
The mortgage will primarily help engine procurement and refurbishment for ATC’s fleet of Boeing 747-400 freighters, whereas additionally overlaying start-up prices related to the addition of recent plane to the fleet.
The funding aligns with the group’s broader technique to strengthen operational capabilities and scale up its cargo choices throughout strategic world lanes.
“We’re proud to have earned the belief and help of HALO AirFinance, which displays not solely our development efficiency but in addition their confidence in our long-term imaginative and prescient, technique, and operational resilience,” mentioned Guneet Mirchandani, chairman of AeroTransCargo. “As a part of the broader AIR ONE community, we’re dedicated to constructing a scalable and sustainable cargo platform, supported by strategic companions who perceive the worth we deliver to the worldwide air cargo market and the stakeholders who depend on wide-bodied freighter capability.”
Marc Cho, co-head and managing director of HALO AirFinance, mentioned the deal highlights HALO’s concentrate on versatile funding fashions for aviation operators. “This financing underscores HALO’s mandate to ship customised capital options throughout the aviation lifecycle. We’re happy to help a number one cargo operator and stay up for persevering with to broaden our attain throughout world markets.”
ATC is a key a part of AIR ONE Worldwide Holdings, a gaggle that features cargo operators AeroTransCargo (Moldova) and RomCargo Airways (Romania), in addition to UK-based One Air. The community operates one of many world’s largest wide-body freighter fleets, with 11 Boeing 747-400 plane serving a mixture of long-term constitution, ACMI, and scheduled service agreements.
Headquartered throughout London, the UAE, and Hong Kong, AIR ONE has dealt with greater than 3,750 full charters over the past 5 years, transporting over 345,000 tonnes of cargo to greater than 100 world locations.
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