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Plane crash claims the life of Avion chairman 

ImageHafthor Hafsteinsson, chairman of Avion Aircraft Trading tragically died yesterday (2 July) in a private aircraft accident in northern Iceland. He was travelling in the light aircraft with a long-term friend who remains critically injured.

David Masson, managing director of Avion Aircraft Trading reacted to the sad loss on behalf of the AAT team: “We will all remember Haffi for his good sense of humour, kindness and generosity. He was always the light of any gathering, a good father, husband and always there for those in need. Our thoughts and prayers are with his family, lovely wife Hjördis and two beautiful sons Andri Pétur and Arnar Hugi.

Born in Iceland 1966, Haftsteinsson began his aviation carrier in 1987 in the cargo department of Eagle Air of Iceland and as a flight dispatcher with Icelandair. He was also a flight instructor at the same time.

He joined Air Atlanta Icelandic in 1991 as station manager in Africa and later Asia. He then served as a pilot on Boeing 737s and Lockheed L-1011s together with his duties as vice-president flight operations until 1998 when he was appointed vice-president sales and marketing and then chief executive officer in 2001.

He took a leading role in the growth of Air Atlanta Icelandic from a fleet of two aircraft when he joined 1991 to a group with a fleet of over 60 aircraft.

Hafsteinsson also served as chief executive officer of Aviation Services for the Avion Group from January 2005 – November 2006, before taking on the role of chairman.


Source: Air Cargo News 

Avion Aircraft Trading signs for eight A330-200F - Icelandair Cargo to become new operator 

24 May 2007

Icelandic Avion Aircraft Trading has firmed up its deal with Airbus and has signed a contract for eight A330-200 Freighter aircraft, increasing its initial commitment (MOU) by two. This follows the finalisation of a first leasing arrangement with Icelandair Cargo for four A330-200Fs.

Deliveries to Avion Aircraft Trading will start in 2010. The engine choice has not yet been finalised.

"The A330-200F is the ideal complement to our portfolio of bigger cargo airplanes," said Hafthor Hafsteinson, Executive Chairman of Avion Aircraft Trading. Its payload characteristics open up new possibilities for our airline customers combined with very attractive operating costs. We have decided to increase our initial order due to the very positive market response and we are looking forward to doing more business with Airbus."

"The A330-200F is the right aircraft for our fleet as it enables us to offer increased cargo capacity to our customers," Pétur Eiriksson, Managing Director of Icelandair Cargo said. "With more payload and range than any other freighter currently operated in the Icelandair Group, it will enable us to further expand our business by opening up new cargo routes."

"We are extremely honoured by this strong endorsement from Avion Aircraft Trading and we are very pleased to welcome Icelandair Cargo amongst our operators", said John Leahy, Airbus Chief Operating Officer Customers. The A330-200F programme is definitely headed for a very good start and we are confident this aircraft will become a winner on the cargo market."

The A330-200F is a derivative of the very popular A330 Family operated by more than 60 operators worldwide. This will greatly facilitate the entry into service of the new all-cargo variant into existing A330 fleets. As for all Airbus aircraft currently in production, the A330-200F will also benefit from full operational commonality unique to Airbus thanks to the now well recognised Airbus Fly-By-Wire technology which also enables faster pilot transitioning to and from other Airbus aircraft, both passenger and freighter.

The A330-200F can carry up to 64 metric tonnes over 4,000 nautical miles/7400 km in its standard version. When selecting the optional payload mode the aircraft can carry 69 metric tonnes up to 3,200 nautical miles/5930 km. These range and payload capabilities will enable operators to grow their business by opening up or extending cargo routes currently operated. Thanks to an optimized fuselage cross-section, it has the interior flexibility to carry a wide variety of pallet and container sizes for maximum interlining capability, offering 30 percent more volume than any freighter in its class.

Airbus is an EADS Company. 

Maximus expands business 

30-Mar-2007 : ABU Dhabi-based Maximus Air Cargo negotiates is to provide Empost with aircraft capacity. Empost has struggled to source aircraft to fulfil its desired expansion plans.

"We are looking for some sort of partnership with Empost. An agreement will be finalised in the next three months," said Fathi Hilal Buhazza, president and chief executive officer of Maximus.

Maximus is also planning to double its fleet to eight aircraft by the end of this year. The outsized cargo specialist has just received an Airbus A300-600F converted freighter, from Iceland-based Avion. Another A300-600F will enter the fleet in October. Maximus currently operates a fleet of Antonov 124s, Ilyushin 76 and Lockheed Hercules aircraft.

"Carrying large pieces of cargo has been our core business. Now we are adding new capability by introducing Airbus freighters that can be used as standard cargo carriers. Because it is more environmentally friendly than older and noisier aircraft it will be welcomed without restrictions in all of the developed world's population centres, allowing us to offer more direct destinations to our growing customer base," Buhazza said.

Source: Air Cargo News

 

Avion Aircraft Trading commits to six A330-200Fs 

London (06Feb07, 14:29 GMT, 155 words)

Iceland’s Avion Aircraft Trading has signed a memorandum of understanding with Airbus for six A330-200 freighters.

The Reykjavik-based aircraft acquisition unit, which is partly owned by Air Atlanta Icelandic parent HF Eimskip, becomes the fifth company to make a commitment for the new aircraft, which was formally launched last month. Deliveries of these aircraft are scheduled in 2010 and 2011.

Avion Aircraft Trading chief David Masson says: “The A330-200F is the ideal complement to our portfolio of bigger cargo aircraft and builds on the successful experience we had in Iceland with the A310 and A300-600 freighters.

“Its payload range characteristics will open up new possibilities for our airline customers paired with very attractive operating costs.”

Avion’s announcement takes commitments for the A330-200 freighter up to 40, after earlier commitments from lessors Intrepid Aviation Group and Guggenheim Aviation Partners, India’s Flyington Freighters and Turkey’s MNG Airlines. Airbus has yet to finalise engine options on the A330F.

Source: Air Transport Intelligence news

 

Avion Aircraft Trading commits to six A330-200Fs 

London (06Feb07, 14:29 GMT, 155 words)

Iceland’s Avion Aircraft Trading has signed a memorandum of understanding with Airbus for six A330-200 freighters.

The Reykjavik-based aircraft acquisition unit, which is partly owned by Air Atlanta Icelandic parent HF Eimskip, becomes the fifth company to make a commitment for the new aircraft, which was formally launched last month. Deliveries of these aircraft are scheduled in 2010 and 2011.

Avion Aircraft Trading chief David Masson says: “The A330-200F is the ideal complement to our portfolio of bigger cargo aircraft and builds on the successful experience we had in Iceland with the A310 and A300-600 freighters.

“Its payload range characteristics will open up new possibilities for our airline customers paired with very attractive operating costs.”

Avion’s announcement takes commitments for the A330-200 freighter up to 40, after earlier commitments from lessors Intrepid Aviation Group and Guggenheim Aviation Partners, India’s Flyington Freighters and Turkey’s MNG Airlines. Airbus has yet to finalise engine options on the A330F.

Source: Air Transport Intelligence news
 

 

Iceland's Avion Group in talks to sell stake in aircraft unit 

Kerry Ezard, London (30Jun06, 15:44 GMT, 238 words)

Icelandic investment firm Avion Group is in “serious negotiations” with an undisclosed party to sell a majority shareholding in its aircraft acquisitions unit, Avion Aircraft Trading.
The unit is a wholly-owned subsidiary of Avion Group and was established last year for the purpose of “buying, reconditioning or converting and selling aircraft”, says the Icelandic company.
“If the sale materialises, it will have a material impact on the financial results of the group for the current financial year ending 31 October 2006,” says Avion Group executive chairman Magnus Thorsteinsson in a statement. “The evaluation of the company being used in the sale process is in excess of $100 million and the current book value of the business if $5 million.”
Avion Aircraft Trading’s portfolio consists of eight Boeing 777-200LR freighters, eight Boeing 747-400 freighters, two Boeing 747-400s and five Airbus A300-600s. 
The 777 freighters and five of the 747-400 cargo aircraft, deliveries of which begin next year, are to be operated by Avion’s aircraft, crew, maintenance and insurance (ACMI) arm Air Atlanta Icelandic, while the two 747-400 passenger aircraft will be operated on flights for Excel Airways tour operator subsidiary Travel City.
Three of the A300-600s have been sold, one with a conversion to freighter, and the remaining two are in the sale process with a conversion slot booked, says Avion.
An Avion spokesman declines to comment on how much of a shareholding the company is seeking to divest.

Source: Air Transport Intelligence news 

 

Iceland's Avion orders four more 777 freighters 

Graham Dunn, London (29Dec05, 15:15 GMT, 117 words)

Iceland’s Avion Group has ordered a further four Boeing 777 freighters for its wet-lease division, Air Atlanta Icelandic.
It follows on from the four General Electric GE90-powered 777 freighters Avion ordered for the division in September. 
Delivery of the eight aircraft begins in February 2009 and will run through to 2011.
Air Atlanta Icelandic CEO Hafthor Hafsteinsson says “It became clear after our initial order that demand for the Boeing 777 Freighter would exceed our expectations. This freighter’s size and economics make it an excellent choice for our comprehensive fleet renewal programme.
“The 777 Freighter is a great complement to the 747 Freighters that we currently operate and will continue to operate for our customers,” he adds.

Source: Air Transport Intelligence news 
 
 
 
Iceland's Avion Group to order four 777 freighters
 
David Kaminski-Morrow, London (22Sep05, 08:59 GMT, 182 words)

Iceland’s Avion Group is expected to disclose an order for four Boeing 777 freighters today which will be operated by its Air Atlanta Icelandic wet-lease division.
Sources familiar with the agreement state that the order – the second for the 777 freighter - will include options on another two aircraft, and that deliveries will begin in February 2009.
Based on the Boeing 777-200LR the aircraft will have a payload capability of 103t and a range, with full payload, of 4,965nm (9,195km). The 777 freighter will be powered by General Electric GE90 turbofans.
Air Atlanta Icelandic’s freighter fleet includes a mix of Boeing 747s and 737s as well as Airbus A300s and A310s. It is unclear whether the 777 freighters will replace any of the carrier’s existing types.
Air France became the launch customer for the type in May this year with a commitment for five aircraft. The 777 freighter is scheduled to enter service in late 2008.
Avion Group emerged last year as a holding company for Air Atlanta Icelandic and other aviation companies including UK carriers Excel Airways and Air Atlanta Europe.

Source: Air Transport Intelligence news

 
Avion confirms 777F order and seeks 747 conversions 
 
Victoria Moores, London (22Sep05, 16:43 GMT, 230 words)
 
Iceland’s Avion Group has confirmed a deal to acquire four Boeing 777 freighters for wet-lease division Air Atlanta Icelandic and disclosed that it is in talks to convert three of the carrier’s Boeing 747-400s into freighters. Avion Group has signed a final agreement to acquire four General Electric GE90-powered Boeing 777 freighters and has taken purchase rights for a further two of the type. The company has also revealed that it is in “serious negotiations” with the airframer to convert three of Air Atlanta Icelandic’s 747-400 passenger aircraft into freighters.The Boeing conversion provides positions for 30 cargo pallets on the main deck, comparable to the capacity of a new 747-400 freighter. It can also seat up to 19 people, an option which Avion claims to be exclusive from all other freighter conversions. Deliveries of the 777 freighters will begin in February 2009. The combined value of the 777 and 747 deals is estimated at $1 billion. Avion Group chairman Magnus Thorsteinsson says that the 777s will complement the 747 freighters, which are operated by many of the wet-lease company’s existing customers. He adds that the selection of the type was driven by the 777’s reputation for “capability, reliability and efficiency”. Based on the 777-200LR passenger aircraft, the 777 freighter was launched by Air France in May 2005. Avion is the second customer to finalise an order for the type.

Source: Air Transport Intelligence news 
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