AIR cargo charter services provider, the asia Cargo Network (ACN) group, and Bahrain's MENA Aerospace, have announced a partnership, extending ACN's reach into the Middle East, South Asia and Africa, reports Singapore's Asian Aviation.
The agreement was signed at the Bahrain International Airshow, by ACN Group CEO, Marco Isaak and founder and managing director of MENA Aerospace, Mohammed Juman.
Under the agreement, ACN plans to base six of its cargo planes in Bahrain and the GCC where it will serve the market in the MENA region as well as cargo routes into and from it.
ACN will be a shareholder with a 49 per cent stake in MAE Aircraft Management with this significant FDI investment into Bahrain. The investment consists of capital, asset deployment, management services and expertise. The partnership facilitates expansion and growing global reach of cargo services beyond Southeast Asia and the Middle East.
The partnership operations will be under the MENA Cargo brand, the freight cargo subsidiary of MAE. The operations will be fully managed by ACN moving forward as it holds an Air Operator's Certificate (AOC) in Bahrain which allows for the expansion of routes to the MENA region. ACN shall provide all the necessary support for the operational and strategic growth of the airline in line with its SEA plans.
SeaNews Turkey
The agreement was signed at the Bahrain International Airshow, by ACN Group CEO, Marco Isaak and founder and managing director of MENA Aerospace, Mohammed Juman.
Under the agreement, ACN plans to base six of its cargo planes in Bahrain and the GCC where it will serve the market in the MENA region as well as cargo routes into and from it.
ACN will be a shareholder with a 49 per cent stake in MAE Aircraft Management with this significant FDI investment into Bahrain. The investment consists of capital, asset deployment, management services and expertise. The partnership facilitates expansion and growing global reach of cargo services beyond Southeast Asia and the Middle East.
The partnership operations will be under the MENA Cargo brand, the freight cargo subsidiary of MAE. The operations will be fully managed by ACN moving forward as it holds an Air Operator's Certificate (AOC) in Bahrain which allows for the expansion of routes to the MENA region. ACN shall provide all the necessary support for the operational and strategic growth of the airline in line with its SEA plans.
SeaNews Turkey
