SGI Aviation arranges the sale of two Boeing 777-300ER to Turkmenistan Airlines

30 August 2023 . 1 min read

SGI Aviation has concluded the sale and delivery of two ex-Cathay Airways Boeing 777-300ER on behalf of her client to Turkmenistan Airlines.

SGI has managed overseeing the return from Hong Kong and ferried the aircraft back to Europe, while ensuring appropriate maintenance and storage while the remarketing process was carried out.

The company was appointed as exclusive remarketing agent in respect of the remarketing for the Boeing 777-300ER bearing MSN 39235 and 37898 by her client.

Paolo Lironi, Chief Executive Officer of SGI Aviation, calls the deal “a fantastic result for all stakeholders involved” and “a fantastic opportunity for Turkmenistan Airlines to deploy one of the most fuel efficient and desirable aircraft for their customers on their international network”.

He adds: “It has also been a great opportunity to showcase SGI Aviation’s best-in-class remarketing and asset management services, as we tirelessly work to protect and maximise investor value.”

SGI Aviation manages around 60 aircraft for her clients ranging from private jets and ATRs up to 747’s and A380’s. Earlier in the year SGI Aviation sold a CFM56-7B engine and is currently exclusively mandated to sell or lease two 777-300ER both former Garuda Indonesia aircraft.