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ACT Airlines extends lease of B747F

Devender Grover by Devender Grover
July 6, 2018
in Airlines
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Air Freight Growth Continues to Grow Modestly in May, Up 4.2%
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ACT Airlines has extended the lease of a Boeing B747-400F aircraft from the Libra Group’s Lease Corporation International (LCI) on a long-term basis.
ACT Airlines is a Turkey-based wet-lease operator, which was founded in 2004, and operates a fleet of five B747-400F/ERF aircraft for its own operations, under the myCargo brand, as well as on behalf of other airlines.

Daglar Cizmeci, chairman and chief executive of ACT Airlines, said: “We are pleased to be deepening our longstanding partnership with this lease extension to support the expansion of our global freighter operation. We look forward to further collaboration with the LCI team in the months to come.”

LCI’s current fleet is comprised of factory built Boeing 747-400F freighters and the latest technology medium and super medium helicopters.

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Crispin Maunder, executive chairman of LCI, said: “We’re delighted to be extending our longstanding partnership with ACT Airlines to support its successful freighter operation.

“LCI has a proven track record in placing high-quality dedicated freighters on lease to airlines across the globe as part of its long-held commitment to maintaining a diverse and balanced fleet and lessee portfolio.”

Devender Grover

Devender Grover

Devender was born in the year when the Beatles Group was formed. He holds two master’s degrees in English Literature and Public Administration. He also has an Honors degree in English Literature and a post-graduate diploma in Corporate Communications and Public Relations. He was closely associated with the Indian State Transport Undertakings and Ministry of Transport in his role as Corporate Communications and PR specialist for over two decades handling domestic and international organizations. He ventured into business forming his own Media House, Profiles Media Network Private Limited which is now a twenty years old company. Excelling as an editor, Marketing, PR, Anchor, and Advertising specialist, he is now expertly navigating the world of social media. A widely traveled professional internationally, Devender has a deep understanding of the Air Cargo, Cargo Business, Cargo Airports, Freighters and Cargo Industry at large.

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