Two Aircraft To Support Carrier's Fleet Renewal And Business Expansion

Aircastle Limited and Southern Air Holdings have entered into long-term leases under which Southern Air will utilize two 747-400SF aircraft owned by Aircastle. The aircraft are expected to enter commercial service during the first quarter of 2012, advancing Southern Air's fleet renewal and business expansion program. 

"We are delighted to add Southern Air as a new customer and are very pleased to provide them with their first 747-400SF freighter capacity, assisting them in expanding their fleet to meet the needs of their global customers," said Ron Wainshal, Chief Executive Officer of Aircastle in a news release Tuesday. "Converting these aircraft into freighters and then leasing them demonstrates our team's unique value additive investment and asset management capabilities."

"The Aircastle 747-400SF agreement marks another important step in Southern Air's transformation," said Daniel McHugh, Chief Executive Officer of Southern Air. "Southern now offers the most complete range of high-quality wide body ACMI/CMI capabilities with our fleet of 777s, 747-400s and 747-200s.  We look forward to further developing our relationship with Aircastle as we continue to renew and expand our global widebody fleet."

FMI: www.aircastle.com, www.southernair.com