Avmax Group has announced the successful completion of two major deals with Kenya’s leading cargo carrier, Astral Aviation.
In the first deal, Avmax purchased and leased back a Boeing 767-200 Freighter (MSN 22217), which has been part of Astral Aviation’s fleet since 2020. The second transaction involves the dry lease of a Boeing 737-400F (MSN 27082), a strategic addition that aligns perfectly with Astral Aviation’s fleet optimization plans.
Steve Hankirk, CEO of Avmax Group, expressed his excitement about the partnership, saying, “We are pleased to have completed both transactions with Astral Aviation and welcome them into the Avmax family. Astral continues to demonstrate that they are a leading cargo carrier in the African market, and we are proud to support them with the growth of their airline.”
Sanjeev Gadhia, Founder and CEO of Astral Aviation, emphasized the strategic importance of these deals, noting, “We are excited to add Avmax as a growth partner. Both transactions highlight their ability to provide flexible solutions that meet market requirements, enabling further growth for the Astral fleet. The introduction of the B737-400F marks an important inflection point in our growth strategy. This aircraft streamlines our fleet mix, allows Astral to match cargo demand with appropriate capacity, and ultimately offers better solutions to our customers.”
Scott Greig, Senior Vice President and Head of Avmax Aircraft Leasing Inc., highlighted Avmax’s focus on the African market and its operational flexibility, stating, “Both transactions demonstrate our commitment to the African market and highlight Avmax’s diverse capabilities in leasing aircraft to leading carriers like Astral Aviation. We are pleased to support Astral as they optimize their fleet with the introduction of a B737-400F, enhancing their ability to meet growing cargo demand effectively.”
These announcements were made at the AviaDev Conference in Namibia, where industry leaders gathered to discuss the latest developments and opportunities in African aviation. The collaboration between Avmax and Astral Aviation marks a significant milestone in both companies’ efforts to strengthen their market positions and enhance their service offerings.
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