West Atlantic sells two ATP freighters

West Atlantic has announced the sale of two BAE ATP freighters to Nairobi-based EnComm Ltd as part of its strategy to move the aircraft outside of Europe.
The agreement also includes commitments for spares, engineering and training support to assist the assigned operator in setting up its operation.
"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,” said West Atlantic vice president  aircraft management Robert Drews.
"We are now dedicated to providing all necessary support to ensure that the operation is set up as efficiently as possible.”
Financially the transaction will generate a significant contribution to cash flow and net income for the first quarter of 2018, in line with provided guidance.
The operator last year announced plans to move its eight tonne ATP fleet outside of Europe as it found it difficult to find services for the aircraft.

Read more freighter operator news

Share this story

Related Topics

Latest africa news

Aero Africa appoints director of product development

By Rachelle Harry

Aero Africa has announced its new director of product development: James Cameron. Cameron, based in Johannesburg, will be responsible for…

Read More

Share this story

WFP’s coronavirus air cargo network begins operations

By Damian Brett

The United Nations’ World Food Programme (WFP) has launched its network of global logistics hubs that will support the delivery…

Read More

Share this story

TIACA: African air cargo sector faces capacity shortage

By Damian Brett

TIACA has raised its concern that the air cargo sector in Africa could be hit with a capacity shortage on…

Read More

Share this story