Atlas obtains freighter finance

ATLAS Air has landed a US$865 million loan from Apple Bank for Savings to finance its final six 747-8Fs.

Three of the first five aircraft in Atlas Air’s order for nine 747-8Fs were delivered to British Airways World Cargo in the fourth quarter of 2011. Two will be flown to Panalpina in mid-2012. All nine -8Fs are expected to be operated under long-term aircraft, crew, maintenance and insurance contracts.

“Terms and rates on the facility are even more attractive than the very favourable terms on our first three 747-8F deliveries,” William Flynn, chief executive officer of Atlas Air Worldwide, comments. “We are the only outsource operator to offer the new 747-8F aircraft.”

SkyWorks Capital acted as advisor to the company in connection with arranging the 2012 facility.

Share this story
Facebook
Twitter
LinkedIn

Related topics

Recent posts :

Saudia Cargo achieves pharma GDP certification

By Damian Brett

Saudia Cargo has achieved European Union Good Distribution Practice (EU GDP) certification for its pharma operations. The certification was carried…

Read More

BCUBE adopts IATA’s DG Autocheck solution

By Damian Brett

Cargo handler BCUBE Air Cargo has adopted the IATA Dangerous Goods (DG) AutoCheck solution to improve procedures around the handling…

Read More

Chapman Freeborn and AIA Cargo announce Ireland tie up

By Rachelle Harry

Chapman Freeborn Air chartering has collaborated with Airbridge International Agencies (AIA) Cargo to strengthen both companies’ presence in Ireland. UK-headquartered…

Read More