Aerotask has successfully closed the acquisition of one Airbus A340-300 MSN 318 on behalf of Kam Air, bringing the airlines A340 fleet to two units. The aircraft was formerly operated by Philippine Airlines and will be deployed across the airlines medium-haul international route network.
“In arranging and executing the transaction, Aerotask was able to utilize its full suite of in-house commercial, legal and technical expertise, ensuring a smooth, timely and on-budget delivery of the aircraft to the client.” said Robert Sitta, Vice President of Aircraft Leasing and Trading at Aerotask, “With this transaction, Aerotask’s deal book for 2018 now exceeds 5 aircraft. We intend to keep the momentum going and are extremely pleased with the volume of deals our Asset Management department has been able to close in a little over Q1 2018.”
Aerotask is a Dubai-based global aviation consultancy providing Asset Management and Financial Solutions to airlines, lessors, financiers and aviation investors worldwide.
Kam Air is a privately-owned Afghani airline providing domestic and international services out of Hamid Karzai International Airport in Kabul. The airline operates a fleet of ten aircraft serving fifteen destinations across Afghanistan and abroad.