Bahrain's MENA Aerospace ties up with US aircraft trading firm

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MANAMA: MENA Aerospace, a fully Bahrain-owned provider of comprehensive aviation and aerospace services, has entered into new regional partnership with CSDS Aircraft, an aircraft trading company from California, USA.

This strategic regional partnership is an opportunity for both companies to showcase their expertise and extend their reach in the region.

Active in both commercial and business aviation, CSDS Aircraft primarily focuses on buying, selling and leasing aircraft, helicopters and other materials to global clients.

With this collaboration, MENA Aerospace will be able to provide financial solutions for CSDS Aircraft’s sales and leasing business in the region, using its wide network of clients and service capabilities.

The announcement is supported by two transactions between MENA Aerospace and CSDS: first is a signed mandate that is ongoing for the sale of an Airbus 321, and second is the potential teardown of the Airbus, subject to the new buyer’s discretion.

MENA Aerospace’s spare trading and aircraft sales arm is expecting to register 350-400 per cent growth in one year, with these two transactions.

MENA Aerospace managing director and founder Dr Mohammed Juman said: “This is a new field for us and we’re looking forward to partnering with CSDS for the regional operations. We will be working closely with them to explore and promote various business opportunities, with regards to aircraft purchase and sales. CSDS can benefit from our extensive capabilities, including cargo and commercial aircraft operations and Air Operator’s Certificate (AOC). Additionally, our associated facilities provide the perfect platform for teardown operations in Bahrain and the region.”

With latest aviation forecasts showing a dip in global sales of new aircraft, and with purchase plans for used planes significantly rising, MENA Aerospace and CSDS Aircraft’s partnership represents a new opportunity in the region.

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