16.11.2022
Artikel Nummer: 42973
ACN becomes major investor in MAE Aircraft
The Asia Cargo Network (ACN) group, an air cargo charter services provider based in Southeast Asia, and Bahrain’s Mena Aerospace have signed a significant partnership and strategic alliance between the two aviation companies, extending ACN’s reach into the Middle East, South Asia and Africa as part of its international expansion plans.
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% stake in MAE Aircraft Management with this significant FDI investment into Bahrain. The investment consists of capital, asset deployment, management services and expertise. (cj)