MAE Aircraft Management, Asia Cargo Network Singapore in partnership

TDT | Manama                       

The Daily Tribune – www.newsofbahrain.com    

Bahrain’s MENA Aerospace, and Singapore -based Asia Cargo Network (ACN) announced the signing of a significant strategic alliance, positioning MAE among the key players in freight cargo in the Middle East, South Asia and Africa.

This agreement was signed at the Bahrain International Airshow by Dr Mohammed Juman, Founder and Managing Director of MENA Aerospace, and Marco Isaak, Founder and Group CEO of Asia Cargo Network Group.

Under the agreement, ACN will base six of its cargo planes in Bahrain and the GCC. The deployment shall be over the next 18 months, with the first of its six aircraft to include a B737-800F and B767- 300F, due to arrive within the next two months, and to begin operations immediately.

With this significant FDI investment into Bahrain, ACN will have 49% stake in MAE Aircraft Management W.L.L. Dr Juman said, “As part of our growth plan, over the past couple of years we looked at and analyzed the regional markets to see where the growth is and where the gates are to the global markets.

The growth and potential we saw is mainly in the GCC area, Africa and Southeast Asia.” ACN’s Group CEO Marco Isaak remarked, “We’re incredibly proud of this historic milestone for Asia Cargo Network as we expand our operations into the MENA region.” The partnership operations will be under the MENA Cargo brand, the freight cargo subsidiary of MAE.