AviaAM Leasing, part of the Avia Solutions Group, has announced the purchase of a Boeing 747-400F nose-loader aircraft that has already started commercial operations on behalf of Magma Aviation. The aircraft, which is a part of the Magma Aviation fleet, has been painted in the Magma Aviation livery with the addition of the Avia Solutions Group logo.

“We are very excited to add this new B747-400F to our fleet, bringing the total number of aircraft to four”, said Magma Aviation GM Tom Helyar. “The benefit of a factory-built freighter is that it offers greater capability for over-length and heavy cargo, overcoming the constraints of a converted side-door-only B747. Added to this, the aircraft has a significantly higher payload – 121 tons compared to 105 – and a higher performance range.”

AviaAM Leasing CEO Tadas Goberis added: “The service agreement between AviaAM and Magma Aviation is first of a kind for a freighter of such scale in our fleet. This acquisition is of great importance as it allow us further strengthen our position as a reliable and world-class leasing services provider, stepping into the cargo aircraft market.”

Magma believes the new aircraft, with a capacity of 570 cubic metres for cargo, will help to attract new clients, opening opportunities for new routes and aid long-term expansion plans. “This aircraft gives us extra capacity and underlines our ambitious plans for growth. We see it as a bold move for the future for us, for the group and for our strategic partner Air Atlanta Icelandic”, noted Helyar.

AviaAM Leasing is a global provider of limitless aircraft leasing, trading and re-marketing solutions. Its achievements in aircraft finance and commercial lease over the past decade has put the company among the top 50 leasing players in the market. In the past five years it has attracted more than $2 billion in investment, executed over 150 aircraft transactions and implemented 50+ conversion and recovery projects.

 Established in 2010, Magma Aviation manages regular flights to Africa and ad hoc charters around the world. With a fleet of four B747-400 freighter aircraft, Magma currently operates a combination of regular charter programmes and own-controlled capacity globally, with further onward air and road services available from its complimentary hubs.

Magma Aviation is a family member of Avia Solutions Group, an aerospace business company from Central and Eastern Europe, with 83 offices and production stations providing aviation services and solutions worldwide.