AFG Aviation Ireland Limited (Ireland), a wholly owned subsidiary of Aircraft Finance Germany GmbH (Germany), completed the acquisition of two (2) Boeing B747-8F freighter aircraft bearing MSN 37562 and MSN 37563 from Saudi Arabian Airlines Corporation (Saudi Arabia) for its strategic partner Hongyuan Group (the People’s Republic of China). The Hongyuan Group is the official warehousing and storage services provider for the Olympic and Paralympic Winter Games Beijing 2022. Both aircraft will be operated by AirBridgeCargo Airlines LLC (the Russian Federation) on behalf of Hongyuan Group.

Christian Nuehlen, CEO of Aircraft Finance Germany, comments: “We are proud to have had the opportunity to work with the professional team at Saudia and that we managed to bring this transaction to a successful close. I would like to thank everybody involved for their hard work and dedication and we look forward to seeing both aircraft entering commercial operations once again in the near future.”