Nauru Airlines secures financing to acquire 737-800SF freighter

Nauru Airlines has secured financing for the acquisition of an Boeing 737-800SF converted freighter.

HALO AirFinance (HALO), a joint venture between GA Telesis (GAT) and Tokyo Century Corporation (TC) has closed financing for Nauru Airlines, the flag carrier of the Republic of Nauru, to finance the acquisition of a 737-800SF freighter aircraft. 

“Nauru Airlines is a critical component of the economic infrastructure of the Republic of Nauru and the surrounding region, and we are thrilled to support the carrier’s fleet growth,” commented Marc Cho, co-head and managing director of HALO.

“Converted freighter aircraft will continue to be the primary source of aircraft replacement and expansion in the air cargo fleet and HALO will continue to support the financing needs of a global market.”

Nauru Airlines chairman Kieren Keke stated: “Nauru Airlines welcomes the B737-800 converted freighter to its fleet of B737-300 converted freighters. The airline has grown steadily over the past 50 years, and the latest addition will allow Nauru Airlines to provide more ACMI and cargo services across Australia and the Pacific.”

HALO was launched by GAT and TC earlier this year, in partnership with InterVest Capital Partners, as a bespoke lending platform focused on secured debt solutions for airlines, lessors, and investors across a broad spectrum of aircraft and engine types.

Air Cargo News understands Nauru Airlines already has two 737-300Fs in its fleet, plus a further three 737-300 passenger aircraft.