|By Marketwired .||
|April 14, 2014 10:33 AM EDT||
KANSAS CITY, MO -- (Marketwired) -- 04/14/14 -- Amur JMW Aviation, LLC (AJMWA), a joint venture between Amur Finance Company, Inc. and the owners of Jet Midwest, Inc., is pleased to announce that the company has completed a major fleet transaction with Avianca Airlines. The deal consists of AJMWA purchasing the entire ten (10) Fokker 50 aircraft fleet from Avianca Airlines to be delivered to Jet Midwest's facility in Kansas City, Missouri.
According to Paul Kraus, Co-Chair of AJMWA and Chairman of Jet Midwest, "The recent transaction with Avianca allows Amur JMW to enhance its asset portfolio while further promoting relationships with other regional airline customers." He commented, "We are delighted that Avianca placed its trust in our company and look forward to a continued strong working relationship with Latin America's premier airline."
Additionally, Fabio Villegas, Avianca's CEO, stated, "After the Fokker 50 fleet had been removed from our operations, we received from Amur JMW a purchase offer which we have accepted. This sale helps us to continue with our fleet modernization plan for 2014." He further commented, "Amur JMW was able to provide us with a highly responsive and flexible solution that met our fleet transition requirements."
Upon completion of general inspection and routine maintenance of the aircraft at the Jet Midwest facility, AJMWA will release the Fokker 50 aircraft to various airline customers under new operating arrangements.
About Amur JMW Aviation, LLC
Amur JMW Aviation, LLC is a 50/50 joint venture between Amur Finance Company, Inc., and the owners of Jet Midwest Inc. The company focuses on working with customers to develop responsive and innovative fleet solutions for mid-life and older commercial jets. Services range from acquisition and follow on lease arrangements to transferring suitable candidate aircraft to part-out stage. Amur JMW Aviation prides itself on developing long term relationships that are mutually beneficial to the company and its customers. For more information about Amur JMW Aviation LLC, please visit www.amurjmw.com.
About Amur Finance Company, Inc.
Amur Finance Company, Inc. is a privately held, diversified commercial finance company focusing on the global transportation, industrial and equipment leasing sectors. With over $40 billion of related finance, trading and investment transactions, the management team has been directly involved in over 350 fixed wing and rotor aircraft transactions around the world. Amur Finance Company, Inc. takes a partnership approach to its investments, providing long term value through joint ventures and strategic arrangements with world-class entrepreneurs in each industry sector.
About Jet Midwest Inc.
Jet Midwest Inc. is a full-service commercial aviation company, specializing in the sale and lease of commercial aircraft, engines and parts as well as aircraft maintenance, repair and overhaul services. Since the company's founding in 1997, Jet Midwest has acquired, disassembled, sold and leased more than 300 aircraft, including the Boeing 767, 757, 737, Airbus 320, McDonnell Douglas MD80, Fokker 100, and Fokker 50 series. Headquartered in the KCI Overhaul Base at Kansas City International Airport, Jet Midwest offers turnkey storage, repair and maintenance services as well as warehouse and extensive parts inventory of more than 200,000 line items representing millions of aircraft spares. Jet Midwest Inc. offers full spectrum solutions through three separate companies: Jet Midwest, Jet Midwest Group and Jet Midwest Technik. For more information, please visit www.jetmidwest.com
Avianca is the commercial brand that represents the company: Latino Americana Avianca Integrated Holdings Inc. and flag carrier of Colombia. Its workforce of over 19,000 employees has been recognized to provide an excellent world class service. Avianca specializes in air cargo and passenger transportation, serving 98 destinations in 26 countries throughout the American continent and Europe with its modern fleet of 151 short, medium and long haul aircraft. Through its membership with Star Alliance, Avianca offers the possibility to connect to more than 1,200 destinations in 193 countries globally. Through LifeMiles, the loyalty program, the airline offers a wide range of benefits and travel options to its registered members. During 2013, Avianca carried more than 24 million passengers. Please visit Avianca.com for more information.
For Amur JMW Aviation, LLC