As­tral Avi­a­tion ac­quires air­craft in lease deal to boost ex­ports

Business Daily (Kenya) - - CORPORATE NEWS - Ge­orge Omondi omondi@ke.na­tion­media.com

Nairobi-based cargo car­rier As­tral Avi­a­tion – and its gen­eral sales agent Net­work Air­line Man­age­ment (NAM) have ac­quired a new air­craft from Air At­lanta Ice­landic in a wet lease agree­ment seek­ing to boost fresh pro­duce ex­ports.

Un­der the deal, the Kó­pavogur-based Air At­lanta has added a fac­tory-built, noseloader B747-400F to As­tral and NAM’S ex­ist­ing fleet of three MD-11(FS).

The air­craft was launched in Nairobi on Wed­nes­day

Un­like a dry lease, which cov­ers the sup­ply of air­craft alone, the wet lease ar­range­ment al­lows Air At­lanta to sup­ply the air­craft, its crew, take charge of its main­te­nance, and ar­range for in­sur­ance.

“The newly ac­quired B747400F will strengthen our po­si­tion as a mar­ket-leader in per­ish­able ex­ports from Kenya to the UK mar­ket,” said Mr San­jeev Gad­hia, As­tral Avi­a­tion founder and chief ex­ec­u­tive.

“Fur­ther­more, the B747F will feed its in­tra-african net­work in Nairobi with cargo, which will be con­sol­i­dated in its Liege hub orig­i­nat­ing from Europe and the US.”

NAM is a di­vi­sion of the Net­work Avi­a­tion Group. With its man­aged fleet of B747F and MD11F air­craft and over 30 of­fices across the globe, it hopes to ride on the deal to grow its pres­ence Africa.

The group ex­pects to han­dle around 33,000 tonnes of per­ish­able ex­ports from EA per year

AGREE­MENT An As­tral plane on the run­way. FILE

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