Air Partner announces sale of two B747-400s on behalf of China Airlines

Air Partner - 20 Mar 2017

Air Partner’s Aircraft Remarketing division (formerly Cabot Aviation), a leading aircraft remarketing agent, is pleased to announce that it has arranged the sale of two B747-400 aircraft on behalf of China Airlines.

The aircraft were sold on 3 March 2017 to Jet Midwest Group (www.jetmidwest.com), a full-service commercial aircraft, engine and spare parts trading company offering complete end-of-life creative product support solutions. Jet Midwest’s fleet currently consists of B747, B757, B767, A320, F50, F100, MD80 and Saab 340 aircraft.

The aircraft, serial numbers 27965 and 29906, were originally delivered new to China Airlines in 1996 and 1999 respectively. The aircraft are powered by PW4056 engines.

“China Airlines would like to express our sincere appreciation to Air Partner for successfully completing the sale of these aircraft,” said the company in a statement.

Tamara Lumley, VP Contracts at Jet Midwest, said: “Jet Midwest is delighted with the addition to our fleet. With this transaction we have made a significant contribution to Jet Midwest’s growth plans, allowing us to provide quality aircraft that have been maintained by a top tier airline.”

Tony Whitty, Head of Remarketing and ACMI, Air Partner said: “We are delighted to have arranged the sale of these B747s for China Airlines. The widebody market continues to suffer from oversupply of used aircraft so it was a great result to complete this sale. This is our second transaction with Jet Midwest and we wish them great success with these aircraft.”

Enquiries
Air Partner 01293 844 788
Air Partner 01293 844 759
Tony Whitty, Head of Remarketing and ACMI Tony.whitty@airpartner.com
Temple Bar Advisory (Financial PR advisor) 020 7002 1080
Tom Allison 07789 998 020
Ed Orlebar
Alycia MacAskill

 

About China Airlines
www.china-airlines.com
Founded in 1959, China Airlines employs more than 12,000 people worldwide and operates a fleet of 114 aircraft, making it the largest airline by size and frequency of service in Taiwan. China Airlines is also one of the 20 SkyTeam Alliance member airlines. China Airlines offers passengers access to an extensive global network of more than 16,270 daily flights to 1,057 destinations in 179 countries. China Airlines is continuing to promote superior aviation safety as well as eco-friendly, innovative and attentive services that provide travelers with the perfect travel experience. Major international and domestic awards received by China Airlines in 2014-2015 include: “Best Airline in North Asia”, “Best Business Class Seat Design” and “Best Flight Attendant Uniforms” from the U.S.-based Global Traveler, “Best Premium-Economy” at the Global Traveler’s Leisure Lifestyle Awards, the maximum seven-star safety rating from Airline Ratings in Australia, and the Taiwanese civil aviation industry's top “Golden Flyer Award”; China Airlines’ NexGen 777-300ER has won the “Golden Pin Design Award”, “Best of the Best” Red Dot Award, Good Design Award, No.8 in Skytrax's World’s Best Premium Economy Airlines, The DesignAir’s 2015 Top 10 Passenger’s Choice’ Airline Brands (2nd place), Best Business Class and Best Economy Class, as well as the Good Design Award from Japan, named the winner in the “2016 Outstanding Food Service by a Carrier - Asia” category by PAX International magazine, “Best Onboard Amenity Kit” and “Best Onboard Textiles” by the Onboard Hospitality magazine.