Air Partner PLC Air Partner appointed by Saudi Arabian Airlines (9443L)
July 25 2017 - 1:00AM
UK Regulatory
TIDMAIR
RNS Number : 9443L
Air Partner PLC
25 July 2017
25 July 2017
AIR PARTNER PLC
Air Partner is appointed by Saudi Arabian Airlines as its
exclusive remarketing agent
Air Partner's Aircraft Remarketing division (formerly Cabot
Aviation), a leading aircraft remarketing agent, is pleased to
announce that it has been appointed by Saudi Arabian Airlines
("Saudia") as its exclusive remarketing agent in respect of fifteen
Boeing 777-200ER aircraft.
These state-of-the-art Boeing aircraft were purchased from
Boeing and delivered new to Saudia from 1997 onwards. They are
powered by GE90 engines and have a total of 232 seats in a
tri-class configuration layout, comprised of 24 First Class seats,
38 Business Class and 170 Economy seats.
Saudia is undergoing a revitalisation of its fleet, which
includes phasing out these Boeing 777-200ER aircraft as it makes
room for higher-density aircraft to align with its upcoming network
growth plans on both regional and international routes.
As part of the airline's SV2020 Transformation Plan, multiple
new aircraft are joining the Saudia fleet monthly, allowing the
carrier to optimise its network to offer increased capacity on
existing routes, and also to introduce new destinations.
The ongoing fleet investment will bring the airline's average
aircraft age to 3.75 years by the end of this year, which is a key
element of Saudia's targeted strategy to operate one of the
youngest fleets in the skies. By 2020, the airline is set to
operate 200 aircraft in its fleet. New aircraft to be delivered to
Saudia include: A330-300s, B787-9s and B777-300ERs.
Saudia currently operates to 86 destinations across four
continents from the Kingdom of Saudi Arabia. At the 2017 Skytrax
Awards held at the Paris Air Show in June, Saudia was awarded
"World's Most Improved Airline" of the year. The award recognises
an airline's growth and improvement across a number of categories,
in a single year.
Mark Briffa, Chief Executive Officer of Air Partner plc, said:
"We are delighted to have secured this mandate with Saudi Arabian
Airlines and look forward to using Air Partner's extensive
experience and international network of contacts to sell these
aircraft."
Tony Whitty, divisional MD of Air Partner Remarketing,
commented: "This appointment follows a successful period for our
remarketing services, during which we have also completed the sale
of two B737-700s and a new GE90 engine on behalf of Kenya Airways
and two B747-400s for China Airlines."
Enquiries
Air Partner 01293 844788
Mark Briffa, CEO
Neil Morris, CFO
Kate Patrick, Investor Relations
Temple Bar Advisory (Financial PR
advisor) 020 7002 1080
07789 998
Tom Allison 020
07876 222
Alycia MacAskill 703
About Air Partner:
Founded in 1961, Air Partner is a global aviation services group
that provides worldwide solutions to industry, commerce,
governments and private individuals. The Group has two divisions:
Broking division, comprising air charter broking and remarketing;
and the Consulting & Training division, comprising the aviation
safety consultancies, Baines Simmons and Clockwork Research. For
reporting purposes, the Group is structured into four divisions:
Commercial Jets, Private Jets, Freight (Broking) and Consulting
& Training (Baines Simmons and Clockwork Research). The
Commercial Jet division charters large airliners to move groups of
any size. Air Partner Remarketing, which is formed within the
Commercial Jet division, provides comprehensive remarketing
programmes for all types of commercial and corporate aircraft to a
wide range of international clients. Private Jets offers the
Company's unique pre-paid JetCard scheme and on-demand charter.
Freight charters aircraft of every size to fly almost any cargo
anywhere, at any time. Baines Simmons is a world leader in aviation
safety consulting specialising in aviation regulation, compliance
and safety management. Clockwork Research is a leading fatigue risk
management consultancy. Air Partner is headquartered alongside
Gatwick airport in the UK. Air Partner operates 24/7 year-round and
has 20 offices globally. Air Partner is listed on the London Stock
Exchange (AIR) and is ISO 9001:2008 compliant for commercial
airline and private jet solutions worldwide. www.airpartner.com
About Air Partner Remarketing Services:
Air Partner Remarketing Services is a specialist aircraft
remarketing agent which acts for airlines (flag carriers and
regional) and other aircraft owners, such as banks, operating
lessors, manufacturers, insolvency practitioners and high net worth
Individuals, to dispose of their surplus aircraft including
commercial jets, turboprops, helicopters or private jets, either by
arranging a sale or lease of the aircraft. It also advises clients
on the acquisition of aircraft and their fleet management process.
Former and current clients have included Cyprus Airways, Kenya
Airways, China Airways, Flybe, British Midland, Cargolux,
Daimler-Chrysler, KLM, DVB Bank, Halifax Bank of Scotland, Investec
Bank and Rolls-Royce Aircraft Management.
www.airpartner.com/en/our-services/remarketing
This information is provided by RNS
The company news service from the London Stock Exchange
END
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