20 Apr 2009 | Ref. 066/2009
Avianca, the flag carrier of Colombia, has awarded BAE Systems Asset Management an exclusive mandate to remarket eight Boeing MD 83 airliners.
Announcing this new business today, Hamish Davidson, Executive Vice President Business Development for BAE Systems Asset Management said: “We are proud to be working with Avianca, one of the world’s longest established and most respected airlines. This mandate represents an acknowledgment of our remarketing skills which we now offer to the wider market for all aircraft types.”
The eight Avianca aircraft were all built between 1989 and 1992. This fleet of late-build aircraft with Pratt & Whitney JT8D-219 engines represent excellent value in today’s financial climate. With competitive acquisition costs, the aircraft deliver fully proven economics, making them a very attractive alternative to more expensive competing single-aisle equipment, particularly given the challenge of arranging finance in the current market environment.
Avianca awarded the mandate after considering multiple competing bids.
About BAE Systems
BAE Systems is the premier global defence, security and aerospace company delivering a full range of products and services for air, land and naval forces, as well as advanced electronics, security, information technology solutions and customer support services. With approximately 105,000 employees worldwide, BAE Systems' sales exceeded £18.5 billion (US $34.4 billion) in 2008.
For further information contact:
David Dorman, BAE Systems
Tel: +44 (0) 1582 488336 Fax: +44 (0) 1582 488447
ddaviddorman@aol.com
John Neilson, BAE Systems
Tel: + 44 (0) 1252 384795 Mob: + 44 (0)7802 337704
john.neilson@baesystems.com
Issued by:
BAE Systems, Farnborough, Hampshire GU14 6YU, UK
Tel: +44 (0) 1252 384719 Fax: +44 (0) 1252 383947
24hr media hotline: + 44 (0) 7801 717739
www.baesystems.com
