Subscribe Free
in General Aviation

LCI increases freighter fleet and signs new deal with Turkey's ACT Airlines

Posted 5 May 2016 · Add Comment

LCI, the aviation leasing arm of the Libra Group, continues to increase its fleet of dedicated maindeck freighter aircraft. Two additional Boeing 747-400F aircraft are now flying for Qatar Airways and Saudia, Saudi Arabian Airlines, and are being operated by ACT Airlines, known as myCARGO Airlines, the Turkish wet-lease operator.

The two Pratt & Whitney-powered B747-400F aircraft have been acquired from Singapore Airlines Cargo. LCI has a third B747-400F which is currently on lease with the Singapore airline as well. ACT Airlines was founded in 2004. It was established by Turkish entrepreneurs and in 2011, China’s HNA Group joined ACT Airlines as a 49% minority shareholder. The Airline operates a fleet of eight B747-400F/ERF aircraft for its own operations as well as on behalf of other airlines. 

Crispin Maunder, executive chairman of LCI, said: “We’re delighted to be working with ACT Airlines as it continues to expand its freighter operation. The demand for air cargo is beginning to show signs of revival again and LCI intends to play an important role going forward in this market, providing good quality dedicated freighters, such as factory-built Boeing 747-400F freighter aircraft, on lease to existing and new customers around the world.”

Since its inception in 2004, LCI has acquired fixed wing and rotary aircraft with a value of around US$6 billion. LCI’s 26-strong fixed wing fleet currently comprises a combination of Airbus, Boeing and Bombardier aircraft, both deployed and on order. LCI Helicopters has a fleet of 90 new helicopters, delivered and ordered, including the Finmeccanica AW139, AW169 and AW189, and Airbus Helicopters H175 and H225 – as well as the H225e for which it is a launch customer.

* required field

Post a comment

Other Stories
Advertisement
Latest News

Will we keep on taking the tablets?

New US and British governments regulations, which prevent passengers carrying electronic devices larger than a cell phone on flights from across the MENA region, may affect the latest in-flight entertainment trend. Steve Nichols

Pegasus Airlines' inaugural flight to Abu Dhabi takes off

Abu Dhabi Airports yesterday welcomed the inaugural Pegasus flight arriving from Istanbul, Turkey. The maiden flight marks the commencement of a direct service three times a week between Abu Dhabi International Airport and Istanbul

Airbus launches new open aviation data platform to support digital

Airbus has launched a new aviation data platform in collaboration with Palantir Technologies – pioneers in big-data integration and advanced analytics. Skywise aims to become the single platform of reference used by all major

PARIS AIRSHOW: Astrobotic and ATLAS announce lunar laser communications payload

Astrobotic, which is making the Moon accessible to the world, and ATLAS Space Operations Inc., the US leader in cloud-based satellite management and control services have announced at the Paris Air Show that they have signed a payload

PARIS AIRSHOW: GE and its JV partners receive more than $31 billion in orders

GE Aviation and its joint venture companies, led by CFM International, announced more than $31 billion (USD) in orders and commitments at this week's Paris Air Show.

PARIS AIRSHOW: Emirates wins World's Best Inflight Entertainment at Skytrax awards

Emirates has won World's Best Inflight Entertainment award for a record 13th year at the prestigious Skytrax World Airline Awards 2017. The airline also picked up the award for Best First Class Comfort Amenities.

Honeywell ADSBSK2642607172
See us at
Aviation Africa BT18418RMIT BT1631817DIAC BT1105121117Global Aerospace BT28218DAS BT1105161117AIME BT1204240118