Airstream International Group has completed the sale of ATR72-500 serial number 720.
The aircraft, previously operated by Kingfisher Airways, has been delivered to Air Vanuatu who will be using the aircraft on domestic and international flights.
The aircraft, now registered YJ-AV71, underwent extensive refurbishment at Sepang Aircraft Engineering in Malaysia prior to delivery. The work package was managed by McLarens Aviation on behalf of the seller, Plateau Aviation. Barclays Bank acted on behalf of the owner and agent for the French and Italian export credit agencies in the transaction. Aviation Management Sales LLC managed the transaction on behalf of Air Vanuatu.
The aircraft completed a delivery flight that saw it stage through Bali (Indonesia), Darwin and Cairns (Australia) before arriving in Port Vila, Vanuatu. The aircraft has been named ‘Betty Emma’ and is painted in the airline’s striking livery.
This is the ninth ATR aircraft that Airstream has sold or leased in 2014. We look forward to completing many more transactions involving ATR aircraft in the near future.