LogLink - Logistics News

LogLink - Logistics News

Search for:

Publish your news here!

printer friendly...

BAE Systems Arranges Lease of Boeing 767 to Loftleidir Icelandic and Wins Lease Management Contract
"Our aggressive marketing campaign for this aircraft resulted in a number of firm offers from credible buyers and lessees, which we have been evaluating with the customer…"

Hatfield, Hertfordshire -- 2 July 2010 -- BAE Systems has arranged the long-term lease of a Boeing 767-300ER to Loftleidir Icelandic on behalf of the Presidential Flight of Abu Dhabi. BAE Systems Asset Management has also been appointed as lease manager for the aircraft.

In turn, Loftleidir Icelandic has sub-leased the aircraft to Air Nuigini of Papua New Guinea.

The late model aircraft is a GE-powered CF6-80C2B6F-powered variant and is configured in a high-standard three-class 196-seat interior layout.

The Asset Management business of BAE Systems Regional Aircraft won the exclusive mandate to remarket this aircraft for sale or lease in December 2009. Mr Hamish Davidson, Executive Vice President Business Development for BAE Systems Asset Management said:

"Our aggressive marketing campaign for this aircraft resulted in a number of firm offers from credible buyers and lessees, which we have been evaluating with the customer, and this has resulted in Loftleidir Icelandic securing the aircraft. We expect to announce further remarketing mandates for Boeing aircraft as other asset owners seek to take advantage of our experience in both the wide body and narrow body categories."

Loftleidir Icelandic is the leasing specialist of the Icelandair Group and it currently manages six Boeing 757-200s and two Boeing 767-300ER aircraft which are leased out to customers worldwide.

Air Nuigini is the national airline of Papua New Guinea and currently operates Boeing 757 and Boeing 767-300ER alongside some regional aircraft types. The airline needs this second Boeing 767 as extra capacity until it receives delivery of a Boeing 787 in several years time.

About BAE Systems

BAE Systems is a global defence, security and aerospace company with approximately 107,000 employees worldwide. The Company delivers a full range of products and services for air, land and naval forces, as well as advanced electronics, security, information technology solutions and customer support services. In 2009 BAE Systems reported sales of £22.4 billion (US$ 36.2 billion).

For more information contact:

David Dorman
BAE Systems
Tel: +44 (0) 1582 488336 Fax: +44 (0) 1582 488447 Email: david@dorwaypr.co.uk

BAE Systems
Farnborough, Hampshire GU14 6YU, UK
Tel: +44 (0) 1252 384605
Fax: +44 (0) 1252 383947
24hr media hotline: + 44 (0) 7801 717739

Submitted by: LogisticsWorld
news@logisticsworld.com, 7/12/2010 12:51:37 AM

News Releases Index

INDEX

Academic Sites - Aviation
Academic Sites - Transportation
Aerospace Manufacturers
Air Cargo and Parcel
Airlines
Airports
ATA Member Airlines
Aviation Organizations
Aviation Sites
Barge and Inland Water Lines
Colleges and Universities
Couriers and Package Express
Cruise Lines
Customs Brokers
Equipment Lease and Rent
Ferries
Finance and Lending
Freight Brokers
Freight Forwarders
Freight Trains
High-Speed Trains
Industry News
Industry Publications
Information and Reference
Insurance and Underwriters
Intermodal
International Trains and Railroads
Law and Regulations
Load Matching
Logistics and Transport Organizations
Logistics and Transport Sites
Logistics Providers
Maritime Associations and Organizations
Maritime Industry
Motor Freight
Moving and Storage
Navigation
Ocean Carriers
Ocean Freight and Freight Services
Organizations and Associations
Parts and Equipment Suppliers
Ports and Port Authorities
Postal Services
Rail Associations and Organizations
Rail Cars
Rail Transport and Travel
Railroad Museums
Railroads
Ship Builders and Repairers
Shipment Tracking and Tracing
Ships and Shipbrokers
Software
Third Party Logistics
Tourist Trains and Railroads
Transportation Associations and Organizations
Truck Carrier Related Sites
Trucking Organizations and Associations
U.S. Government Agencies
Vehicle Transportation
Weather and Environmental

VIRTUAL LIBRARY OF LOGISTICS

VIRTUAL LIBRARY OF TRUCKING

HOME