Browse > Home / Commercial / GMT Global Acquires Four Airbus A320-200s

GMT Global Acquires Four Airbus A320-200s

Written by thomas · Filed Under Commercial 

July 15, 2008

thomas

Addition of Single-Aisles Expands Fleet to 22

DUBLIN, July 15 /PRNewswire/ — GMT Global Republic Aviation (GMT
Global) has acquired four Airbus A320-200 aircraft with a market value of
US$68 million, from Aercap Holdings N.V. The aircraft are currently on
lease until 2012 to TAM – LInhas Aereas, S.A. based in Sao Paulo, Brazil.

The addition of the four single-aisles further diversifies GMT Global’s
portfolio to a total of 16 twin-aisle and six single-aisle aircraft.

TAM is a major Brazilian airline providing scheduled services from Sao
Paulo-Guarulhos to approximately 50 domestic destinations with an
additional two dozen served through alliances with regional carriers. The
airline has a fleet of 108 aircraft and has been the leader in the
Brazilian domestic market for more than three years with a 50 percent share
of passenger traffic.

The two-engine narrow-body Airbus A320-200 has been in production with
Airbus for 20 years; over 6,000 aircraft in the Airbus A320 family have
been ordered and over 3,300 delivered to more than 225 operators worldwide.

Paul Mason, Chief Executive Officer of GMT Global, commented:

“This transaction is an important development for us, as it expands our
fleet with single-aisle aircraft and also develops our presence in Latin
America, one of the fast growing economic regions. We will continue to
increase our portfolio globally, particularly as economic conditions
tighten, as this plays to our strengths as a value-focused aircraft
investor.”

GMT Global’s strategy is to expand its business by acquiring and
managing aircraft in the rapidly growing international aviation market.
There are approximately 20,000 commercial aircraft currently in service.
This is expected to rise significantly in the coming years. GMT Global
plans to leverage its unique industry expertise and key market
relationships to expand its fleet at all stages of the aviation economic
cycle.

About GMT Global Republic Aviation (http://www.gmt-aviation.com).

GMT Global Republic Aviation is an international strategic aviation
company. The Dublin-based firm acquires and manages commercial aircraft
with attached leases. GMT Global is managed by a team of senior executives
and staff with extensive world-class experience in manufacturing,
commercial-passenger, and air-cargo carriers.

SOURCE GMT Global Republic Aviation (GMT Global)

» Próximo Post - TAM Honored in EXAME’s 35 Years of the ‘Biggest and Best’ Ceremony
« Post Aneterior - Boeing 777 Freighter Makes First Flight

Comments

¿Tiene algo que decir?

You must be logged in to post a comment.