Eaglexpress plans cargo move

NEW Asian company Eaglexpress Air Charter is looking to acquire freighters this year.

Eaglexpress paid US$18million for its first aircraft, a 747-400, which will begin operations next month. The carrier plans to buy two more 747-400s by April.

The company will later acquire freighters for its cargo services. It will focus on South Korea and Hong Kong (China) for the cargo business.

“For now we are keen on air charter and cargo services but if there is a requirement to provide scheduled services in the future, and if there is demand, we will [consider it],” chief executive officer Azlan Zainal Abidin says.

Abidin said Eaglexpress would begin its first air charter flight to either Australia or South Africa by 20 February.

The company plans to add eight aircraft at a cost of $200 million this year and aims to have 20 aircraft in the next three to five years.

Eaglexpress Air Charter is funded by investors from South Korea, the Middle East and Malaysia.

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