SALE AND LEASEBACK: AIR FRANCE

Due to the surge in cargo sector in recent months, Air France has decided to sign the sale and leaseback contract for 2 of their aircrafts with Apollo Global Management and subsidiaries Apollo and Merx Aviation. The 2 aircrafts (B777Fs) are long-haul freighters are used to transport huge chunks of cargo efficiently by minimizing fuel stops.As a result of COVID-19, Air France saw the rapid growth in cargo demand. A similar development was recorded earlier this year in Air Canada where the carrier even converted two of their passenger aircrafts into cargo aircrafts and signed up for the sale and leaseback deal with to Air Transport Service Group (ATSG).

Read News