Companies Will Integrate ACMI / Charter Operations
Chicago, Illinois – Newsfile Corp. – January 27, 2021 – AELF FlightService has led the acquisition of the controlling interest in Malta-based Maleth Aero, by a group that includes its shareholder and key European partners. The move will integrate the two companies’ operations to better serve the global charter market.
AELF FlightService A330 at JFK in November.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/7707/72963_aelf.jpg
AELF FlightService began working on developing ACMI capabilities in 2019 and put an A330-200 into charter service with Maleth last year. The company is now actively expanding its fleet and product offering with a full spectrum of services including single charter flights and mid-term ACMI/wet and damp leases, while still offering more traditional liquidity solutions such as long-term operating leases, sale and leasebacks, sale and wet leasebacks, among other services.
“Our integration with Maleth Aero allows us to directly serve not only our ACMI/charter customers but also our dry lease airline customers with a unique and versatile product offering,” said Joe Cirillo, Chief Operating Officer of AELF FlightService. “Since the acquisition, our focus has been on sourcing aircraft in line with our measured growth plan, which looks to add additional Airbus A330 aircraft to the certificate.”
“AELF FlightService brings significant financial resources and competencies that are extremely complementary with Maleth Aero,” said Michael O’Brien, who founded the airline in 2011. “We have talented teams on both sides and believe our combined services will provide the industry value as we re-engage travel. Maleth already offers global capability, but together we have stronger commercial coverage in Europe, the America’s and Central Asia.”
“We are pleased to welcome the new owners of Maleth Aero to Malta,” said Charles Pace, Director General for Civil Aviation, Transport Malta CAD. “AELF FlightService has a strong team and business model that I know will benefit the aviation community in Malta and beyond.”
The AELF FlightService aircraft currently transport auxiliary cargo but remain convertible to passenger configuration as the demand for air travel returns. “We are available for widebody operations in auxiliary cargo- for PPE and cargo for sensitive supply chains- or passenger configuration, and this will remain our model, offering maximum flexibility in these changing times,” said Lee Jones, Commercial Director for AELF FlightService. “Based on initial response, this model is very positively received and is timed well for where we are in the market.”
The multi-faceted organization also aims to better serve what the company calls its “wet-to-dry” leasing product designed to help airlines generate cash and reduce overhead, while maintaining their route structure and service offerings. “We are ideally suited to help airlines reestablish post-Covid market presence or pioneer new routes, without incurring the expense of deferred maintenance needed to bring stored aircraft back online or the commitment of long-term dry leases, recalling of pilots and crew, or other fixed costs,” said Cirillo. “As demand firms and airlines regain confidence, we can seamlessly transition our ACMI lease structures into lower cost, longer-term dry lease structures.”
AELF FlightService aircraft are owned outright through Aircraft Engine Lease Finance, Inc. (“AELF”), a commonly owned affiliate. AELF currently has four A330-200’s in auxiliary freight configuration dedicated to Maleth’s Aircraft Operating Certificate and is currently expanding the fleet.
AELF FlightService is a privately held commercial aircraft leasing company with a fleet of passenger and auxiliary freight aircraft, which provides ACMI/Charter solutions in conjunction with Malta-based Maleth Aero AOC Limited. The company has offices in Chicago, Miami, and Dublin. Learn more at http://www.AELF-FlightService.com.
For inquiries, please contact:
Lauren Mayer, AELF FlightService
Phone: +1 (312) 690 4696
Email: [email protected]
Related Images
aelf-flightservice-a330-at-jfk-in.jpg
AELF FlightService A330 at JFK in November.
AELF FlightService A330, operated by Maleth Aero, lands at JFK on Nov. 24, 2020.
Services
Stakeholder mapping, analysis, engagement and communication needs to be detailed to avoid business losses or even worse, a crisis. How can you do this effectively to prevent failure? ...
Data-driven business decisions have never been as crucial, especially in this era. MGBF leverages off, technology, experience and market presence to aid businesses in making accurate decisions. ...
MGBF provides comprehensive strategic advice and results-focused solutions to solve clients' problems in business-government relations so they can focus on their core business. ...
A critical business challenge is meeting the right decision-makers and potential buyers through the best channel and platform. How will you improve your business competency? ...
Upcoming Events
In this episode of 'A Working Lunch with Nordin', MGBF's Nordin Abdullah and regional commentator Eddin Khoo will discuss the biggest threats and opportunities for businesses as we look to manage change in the South China Sea.
This MGBF Roundtable will feature thought leaders form Japan, Australia, Singapore and Malaysia dealing with the critical issues of manipulation of public listed companies and government and their financial impacts.
A series of networking sessions with various business associations and trade organisations exploring high-value opportunities for business leaders and entrepreneurs looking to build the relationships that matter.
This integrated event will include a forum, dedicated business matching, site visits, a gala dinner and a round of golf. Aptly themed, the focus will be on regional food security issues and trends in the context of the supply chain, agriculture technology and trade regulations and policies.
MGBF In The News
Planet QEOS and China Machinery Engineering Corporation (CMEC) are interested in investing RM10 billion to co-develop advanced Megawatt peak (MWp) agrovoltaic in Baram, to further boost Sarawak’s green energy initiative and food security. Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg was briefed on Friday by both the […]
Last week SPM results came out, 373,974 aspirants who have been waiting patiently over the last few months would now know their fate. Some 10,109 have received all A’s, the golden standard of academic success and the ticket to those looking to study the “more advanced” subjects in university. Proudly, […]
The classic knee-jerk reaction is to say, fire the coach, change the leadership of associations, and reduce the funding till they start performing better. This kind of negative reinforcement may work for kindergarten children, but we are dealing with high-performance adults – individuals much further along in their psychological and […]
Since its earliest tea plantations in 1929, Cameron Highlands has grown to become a key player in the agricultural landscape of Malaysia, producing 40 per cent of all vegetables grown. Despite Malaysia shifting its economic focus away from agriculture, the industry remains imperative for food security and the livelihoods of […]
Although at first glance the travel industry and the agricultural sector appear to have nothing in common, they actually share more than meets the eye. The economic benefits of tourism to the agricultural sector can be multiplied several times over. “Tourism brings the end consumers closer to the source, which […]
The Malaysia Global Business Forum (MGBF) recently held a high-level roundtable themed ‘Designing the Future of the Digital Economy’, attended by industry leaders and business associations. The guest of honour was Yang Berhormat Syerleena Abdul Rashid, the Member of Parliament (MP) for Bukit Bendera in Penang. The MP’s Special Session […]
The Malaysia Global Business Forum (MGBF) will be hosting a roundtable on ‘Designing the Future of the Digital Economy’ on 23 February 2023. It is the culmination of the first three MGBF Exclusive Roundtable Series titled ‘The Evolving Threat Matrix in the Digital Economy’ held throughout 2022. According to the […]
The Founding Chairman of the Malaysia Global Business Forum (MGBF), Nordin Abdullah, today spoke on Bernama TV’s leading English talk show, The Brief, hosted by Jessy Chahal, on the topic of a stable political reality and what that means for the Malaysian economy. Nordin said, “The first thing that it […]
More than 1,100 years ago, Muhammad ibn Musa al-Khwarizmi was developing the mathematical formulas that we know today as algorithms which now have become so intertwined with the business fortunes of global media giants and the very fabric of geopolitics. A series of recent high level international reports have revealed […]
KSK Land has been recognised by the Malaysia Global Business Forum (MGBF) for its role in attracting high net-worth individuals to Malaysia post-pandemic. The first challenge in investor attraction is “selling” the country. In the context of Asia, Malaysia is competing with some very established investment destinations. The second […]
Malaysia, in particular Kuala Lumpur, continues to position itself as a regional centre to do business, educate a family and enjoy a global lifestyle. One company, KSK Land, has taken the lead in positioning itself and the city of Kuala Lumpur as a property investment destination for the global citizen […]
The upcoming budget represents an opportunity to build resilience in the critical sectors that will form the backbone of the country’s future-facing economic ambitions. This however needs to be achieved in the context of managing the community sectors most impacted by COVID-19 over the past two years. The Keluarga Malaysia (Malaysian Family) […]
Malaysia Global Business Forum (MGBF) has moved to support the creative economy as the overall economy moves into a recovery phase following the COVID19 pandemic. As a step in the direction of normalcy, the MGBF has agreed to host the art exhibition “I Know You’re Somewhere So Far” by one […]
Congratulations to Datuk Seri Ismail Sabri Yaakob for taking up the mantle of the ninth prime minister of Malaysia. There is nothing normal about the situation; it could not have been scripted but it has kept the spectrum of media, mainstream and social, gripped. The first order of business for […]
In a stirring speech to the nation, President Joseph R. Biden, Jr. stamped his brand of leadership on the presidency, in his first act as the 46th president of the United State of America, it signaled several shifts. Perhaps the weather was foreboding with snow falling before the ceremony that […]
KUALA LUMPUR, 6 July 2022 – As the global economy continues to deal with unprecedented levels of disruption caused by the pandemic and the conflict between Russia and Ukraine, the convergence of energy security and food security issues has become a front-of-mind issue faced by policy makers and consumers alike. […]
KUALA LUMPUR, 23 June 2022 — Malaysia Global Business Forum (MGBF) ties up with scoutAsia to ensure that businesses are equipped with deeper regional insights. The past two years has seen a massive shift in the way businesses are conducted with digitisation, digitalisation and automation continuously being adopted to improve […]
KUALA LUMPUR, 25 May 2022 – The Malaysia Global Business Forum (MGBF)’s exclusive roundtable on ‘Security Concerns in Critical Value Chains’ was held in a hybrid setting yesterday at the Eastin Hotel Kuala Lumpur. The guest of honour was Yang Berbahagia Tan Sri Dato’ Seri Rafidah Aziz, former minister of […]
We live in the age of crisis. At the heart of any crisis is the threat of rapid change. Change too deep or too wide that the current coping mechanisms for an individual, corporation or government are unable to remain resilient. An unwelcome paradigm shift, like the proverbial spider, that […]