SIA CARGO SALE AND LEASEBACK DEAL FOR BOEING 747 FREIGHTER
27/04/2004
Singapore Airlines Cargo (SIA Cargo)
completed a sale and leaseback transaction for a B747-400
freighter aircraft on 26 April 2004. This is the first sale
and leaseback transaction completed by SIA Cargo, and is part
of its fleet residual value risk management program. The aircraft
was sold to AFS Investments 61 LLC, a subsidiary of Aviation
Financial Services Inc, and is leased back for 10 years.
SIA Cargo currently operates a fleet of thirteen Mega Ark Boeing 747- 400 freighters on a global network that extends to 70 cities in 36 countries. One additional aircraft is out on lease, whilst three more Boeing 747-400 Freighters are on order. In addition to dedicated freighter services, SIA Cargo also markets the entire cargo capacity of the SIA passenger aircraft fleet on its worldwide network. SIA Cargo is a member of the WOW alliance.
Issued on behalf of Singapore Airlines Cargo by eacomms
Contact:
Anthony Phillips or Marelene Phillips
eacomms,
#15-02, Shaw House,
350, Orchard Road,
Singapore 238868
Tel +65 6235 3400
aphillips@eacomms.com.sg
mjphillips@eacomms.com.sg