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Yet another source of income. AIR's fee on this resale ought to be juicy.
"Three Boeing 747-400s formerly part of the fleet of French leisure airline Corsair have been sold to the aviation division of a US-based transport and energy sector investor.
Fortress Transportation & Infrastructure Investors, located in New York, is picking up the 747-400s – identified as bearing serial numbers 26880, 26877 and 26875.
All three aircraft were originally delivered to United Airlines during 1992-93.
The jets are powered by Pratt & Whitney PW4000 engines, and these powerplants have resulted in “considerable interest” in the aircraft, claims Air Partner executive vice-president for remarketing Tony Whitty.
“Although the market is currently more challenging, certain aircraft and engine types are in demand,” he says."
"Air Partner, which served as the exclusive remarketing agent for the Corsair 747s, points out that the agreement with Fortress includes two spare engines.
Corsair had parked the three 747-400s as part of a modernisation programme under which it intended to switch to a fleet entirely comprising Airbus A330s, including A330-900s – three of which are on order."
https://www.flightglobal.com/us-investment-firm-picks-up-corsairs-747-400-fleet/139222.article
Good find. Very well connected. AIR have certainly come a long way from renting a strip of grass runway near Gatwick to retrain Air Force pilots into commercial airline pilots in 1961!
One model from 1992 quoted here, with PW 4000 series engines, seems to have a list price of US$16m, although I assume the actual sale price would be lower, especially in the current market conditions. Still, on three aircraft plus two spare engines, even 1%-2% (I understand fees are generally of that order) will be a tidy sum.
https://www.controller.com/listings/aircraft/for-sale/list/category/3/jet-aircraft/manufacturer/boeing/model-group/747
That’s a great find of info ...
Company has got its fingers in so many pies ....
15th for AGM - will they provide a update on there cash plans ???
Just to close the story on this remarketing, I've found on a French site the info that the three 747's are to be taken apart by Air Salvage International in UK. Spare parts for the 747 seem to be still very much in demand, especially so the motors, as the article mentions, so it seems the US buyer wanted them for their spare parts value. Hence the particular mention in the earlier article of there being two extra spare engines included in the sale.
"Les trois appareils (S/N 26880, 26877 et 26875), produits pour les besoins de la compagnie américaine United Airlines en 1992, ont ainsi été revendus à FTAI Aviation (Fortress Aviation and Investors). Le sort final des appareils est évidemment connu, devant être démantelés par Air Salvage International au Royaume-Uni."
« Il y avait un intérêt considérable pour ces B747, en particulier en raison de leur type de motorisation. Bien que le marché soit actuellement particulièrement difficile, certains types d'avions et de moteurs sont en demande » a précisé Tony Whitty, EVP Remarketing & ACMI chez Air Partner."
https://www.journal-aviation.com/actualites/44845-les-anciens-boeing-747-400-de-corsair-appartiennent-a-ftai-aviation
"Air Partner Remarketing, a division of the Air Partner group, announces that it has participated in the resale of the three Boeing 747-400s of the French airline Corsair, as well as two of their spare engines (PW4000), as an exclusive intermediary .
The three aircraft (S / N 26880, 26877 and 26875), produced for the needs of the American company United Airlines in 1992, were thus sold to FTAI Aviation (Fortress Aviation and Investors). The final fate of the aircraft is obviously known, to be dismantled by Air Salvage International in the United Kingdom.
“There was considerable interest in these B747s, especially due to their type of engine. Although the market is currently particularly difficult, certain types of aircraft and engines are in demand, ”said Tony Whitty, EVP Remarketing & ACMI at Air Partner.
Corsair separated from its latest 747-400 (F-GTUI), also the last French 747, during a ceremony organized in Orly on June 15. The three aircraft were acquired in 2005 from United Airlines to replace the 747-300."
And here is one of the three 747's already at ASI's premises in Cotswold Airport in Gloucestershire.
https://www.gloucestershirelive.co.uk/news/cheltenham-news/corsair-boeing-747-becomes-third-4219984