Global Aircraft Solutions sells two Boeing 737-200s to an undisclosed airline
Our Corporate Bureau
18 October 2007
Global Aircraft Solutions Inc has announced that it has received a large initial deposit to sell two 737-200 aircraft to an undisclosed airline. The two aircraft came to Global as a result of a settlement agreement with BCI Aircraft Leasing. Both aircraft will be delivered ready for service with fresh paint, a fresh 'C' check, and any other integration maintenance required by the new operator's regulatory agencies.
Maintenance will be provided by Global's wholly owned subsidiary Hamilton Aerospace. Subsidiary World Jet will provide parts. The aircraft will be put into maintenance work within the next 10 days and will take around 35 days to complete. The aircraft are being delivered, ready for service, for a combined price of around $4.5 million.
Global vice president for international sales Alden Crowley said: "For strategic reasons, the airline buying these two aircraft has asked to remain anonymous." Global president John Sawyer added, "The sale of these two aircraft is an important step in our plan to convert into cash, before year-end, the assets we have acquired as part of our settlement with JetGlobal and BCI."
Global Aircraft Solutions provides parts support and maintenance, repair and overhaul (MRO) services for large passenger jet aircraft to scheduled and charter airlines and aviation leasing companies.