Cargo Breaking News
Lessor Vaayu Group has delivered the world’s second A320 passenger to freighter (P2F) aircraft to Cairo-based Sky Vision Airlines.
This is the second aircraft that UAE-headquartered Vaayu has leased after its first A320P2F was leased to New Delhi-based Pradhaan Air Express, a sub-lessee of Vaayu.
Vaayu Group chairman and president Emad AlMonayea said: “Vaayu’s vision is to become a significant player in the air cargo space in the years to come. Our second aircraft is quite strategic considering the opportunities Middle East & North Africa presents.”
Sky Vision Airlines chief executive Amr Abd EL Zaher said: “We are happy to take delivery of MSN 2724 with V2500 engines to start our cargo operations.
“We are pleased with the fact that Vaayu has joined us since they bring with them a great record in the aviation sector. Their invaluable expertise and their single-minded plans to increase cargo capacity bodes well for us.”
The aircraft was converted by EFW, a joint venture (JV) between Singapore-based ST Engineering and France-headquartered Airbus, and leased to Vaayu by Juniper Aviation Investments, ST Engineering’s freighter aircraft leasing JV.
“We are extremely encouraged by the demand for the A320P2F, which is a clear testimony of the versatility, benefits and value that the freighter platform brings to the market,” said senior vice president and head of aircraft and freighter leasing of ST Engineering Tan Boon Keng.
Vaayu plans to expand its footprint in the air cargo space with the addition of another A320P2F this year, which will enhance capacity and improve its network.
