AFG Aviation Ireland Limited (Ireland), a wholly-owned subsidiary of Aircraft Finance Germany GmbH (Germany), completed the acquisition of four (4) Airbus A330-200F freighter aircraft bearing MSN 1688, MSN 1708, MSN 1584, and MSN 1594 from Qatar Airways Group Q.C.S.C. (Qatar) for CMA CGM Air Cargo (France), the new air cargo division of French container logistics and shipping giant CMA CGM S.A.
All four (4) aircraft will be operated by Air Belgium on behalf of CMA CGM Air Cargo.
The transaction closed in two phases. The first pair of aircraft were delivered in early February from AFG to CMA CGM and the second pair followed in late February 2021.
Christian Nuehlen, CEO of Aircraft Finance Germany, comments: “Obviously, we are more than pleased with the outcome and that we managed to successfully conclude this transaction amidst a challenging pandemic environment. The air cargo market presents strong potential going forward and these four aircraft will play a vital role in the years to come.”