Friday, July 28, 2017

Air Partner remarkets 15 Saudia Boeing 777-200ERs

Air Partner’s Aircraft Remarketing division (formerly Cabot Aviation) has been appointed by Saudi Arabia’s national carrier Saudia as its exclusive remarketing agent for 15 Boeing 777-200ERs.

The 15 new aircraft, which were delivered to Saudia from 1997 onward, are powered by GE90 engines and have a total of 232 seats in a three-class configuration, comprising 24 first-, 38 business- and 170 economy-class seats.

Air Partner Remarketing divisional MD Tony Whitty said, “This appointment follows a successful period for our remarketing services, during which we have also completed the sale of two Boeing 737-700s and a new GE90 engine on behalf of Kenya Airways and two 747-400s for China Airlines.”

Saudia is undergoing a fleet revitalization, which includes phasing out the 777-200ER. As part of the airline’s SV2020 transformation plan, multiple new aircraft are joining the Saudia fleet monthly, including Airbus A330-300s, Boeing 787-9s and 777-300ERs. The ongoing fleet investment will bring the airline’s average aircraft age to 3.75 years by the end of this year, which is a key element of Saudia’s targeted strategy to operate one of the youngest fleets in the skies.

By 2020, the Saudia is set to operate 200 aircraft in its fleet. The SkyTeam member currently operates to 86 destinations worldwide.

UK charter broker Air Partner acquired aircraft remarketing specialist Cabot Aviation in May 2015 for up to £1.2 million ($1.9 million).

(Kurt Hofmann - ATWOnline News)

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