Air Partner - 25 Jul 2017
Air Partner's Aircraft Remarketing division (formerly Cabot Aviation), a leading aircraft remarketing agent, is pleased to announce that it has been appointed by Saudi Arabian Airlines ("Saudia") as its exclusive remarketing agent in respect of fifteen Boeing 777-200ER aircraft.
These state-of-the-art Boeing aircraft were purchased from Boeing and delivered new to Saudia from 1997 onwards. They are powered by GE90 engines and have a total of 232 seats in a tri-class configuration layout, comprised of 24 First Class seats, 38 Business Class and 170 Economy seats.
Saudia is undergoing a revitalisation of its fleet, which includes phasing out these Boeing 777-200ER aircraft as it makes room for higher-density aircraft to align with its upcoming network growth plans on both regional and international routes.
As part of the airline's SV2020 Transformation Plan, multiple new aircraft are joining the Saudia fleet monthly, allowing the carrier to optimise its network to offer increased capacity on existing routes, and also to introduce new destinations.
The ongoing fleet investment will bring the airline's average aircraft age to 3.75 years by the end of this year, which is a key element of Saudia's targeted strategy to operate one of the youngest fleets in the skies. By 2020, the airline is set to operate 200 aircraft in its fleet. New aircraft to be delivered to Saudia include: A330-300s, B787-9s and B777-300ERs.
Saudia currently operates to 86 destinations across four continents from the Kingdom of Saudi Arabia. At the 2017 Skytrax Awards held at the Paris Air Show in June, Saudia was awarded "World's Most Improved Airline" of the year. The award recognises an airline's growth and improvement across a number of categories, in a single year.
Mark Briffa, Chief Executive Officer of Air Partner plc, said: "We are delighted to have secured this mandate with Saudi Arabian Airlines and look forward to using Air Partner's extensive experience and international network of contacts to sell these aircraft."
Tony Whitty, divisional MD of Air Partner Remarketing, commented: "This appointment follows a successful period for our remarketing services, during which we have also completed the sale of two B737-700s and a new GE90 engine on behalf of Kenya Airways and two B747-400s for China Airlines."