Nauru Air Corporation (Nauru Airlines), the flag carrier of the Republic of Nauru, has concluded a financing deal with HALO AirFinance (HALO) for the purchase of one Boeing 737-800SF freighter. HALO is a joint venture between GA Telesis and Tokyo Century.
“Nauru Airlines is a critical component of the economic infrastructure of the Republic of Nauru and the surrounding region, and we are thrilled to support the carrier’s fleet growth,” commented Marc Cho, Co-Head and Managing Director of HALO. “Converted freighter aircraft will continue to be the primary source of aircraft replacement and expansion in the air cargo fleet and HALO will continue to support the financing needs of a global market,” Cho added.
The Chairman of Nauru Airlines, Dr. Kieren Keke, stated “Nauru Airlines welcomes the B737-800 converted freighter to its fleet of B737-300 converted freighters. The airline has grown steadily over the past 50 years, and the latest addition will allow Nauru Airlines to provide more ACMI and cargo services across Australia and the Pacific.”
HALO was launched by GA Telesis and Tokyo Century Corporation earlier this year in partnership with InterVest Capital Partners® as a bespoke lending platform focused on secured debt solutions for airlines, lessors, and investors across a broad spectrum of aircraft and engine types. HALO is uniquely positioned in the aviation finance sector, benefiting from the combination of the respective structuring and financing expertise and asset and technical capabilities of GAT and TC.
Nauru Airlines first took to the skies in February 1970 under the name Air Nauru. It operates scheduled international services to other Pacific islands and Australia. Its main base is Nauru International Airport. Its head office is on the property of Nauru International Airport, Yaren District and its operations office is in Brisbane in the Australian state of Queensland. This 737 freighter takes the Nauru Airlines all-Boeing 737 fleet up to six aircraft, three of which are freighters.