Subscribe Free
in Business Aviation

Cello Air Finance launches business aircraft lease sector focusing on Middle East

Posted 28 February 2017 · Add Comment

Newly created London based aircraft lessor Cello Air Finance has launched into the developing business aircraft leasing sector.

 

Cello’s primary focusis on providing operating leases for business aircraft and utility aircraft within the US / North American, European and the Middle East markets. 

Cello Air Finance’s parent company the Gill Group acquired a majority shareholding in the company as a result of its acquisition of Rubicon Air Finance and completed the rebranding to sit alongside its existing VIP charter operations ‘Cello Aviation’. The Gill Group has a successful track record in investments in business aviation and is the parent company of established UK VIP charter operator and sister company Cello Aviation. 

Raj Gill, chairman of the Gill Group said, “We are delighted to welcome Cello Air Finance into the Gill Group and at the same time expand the Group’s investment in business aviation and international investment profile. We see a tremendous market opportunity for growth and investment in business aircraft, which we are fully committed to develop as a long-term business for the Gill Group.

We are delighted to have the expertise, knowledge and successful track record of the Cello Air Finance team as part of the Gill Group.”

Michael Davies, CEO of Cello Air Finance: “We are delighted that the Gill Group has placed significant investment in our business. The equity investment and commitment from the Gill Group shall enable us to develop an aircraft operating lease business specifically tailored to the business aviation market. The added synergy and brand association with well-established and successful charter operator, Cello Aviation, within our new family adds additional depth, market presence, knowledge and expertise to our business. We aim to bring a true operating lease product and alternative financing options to business aircraft operators and build long term relationships in the business aviation industry.”

* required field

Post a comment

Other Stories
Advertisement
Latest News

Nouvelair pace of change accelerates

Nouvelair, a Tunisian private company operating charter and scheduled flights, will celebrate its 30th anniversary in 2019. Deputy general manager, Chokri Zarrad, shared his ambition for the company with Vincent Chappard.

World Aviation Safety Summit to establish dangerous goods handling strategies

The 6th Annual World Aviation Safety Summit (WASS) will provide a focus on approaches for handling dangerous goods, organizers of the event revealed today. Hosted by the Dubai Civil Aviation Authority, WASS 2018 is set to return for its

Swiss International Air Lines chooses Joramco as maintenance provider

Joramco and Swiss International Air Lines (SWISS) have signed a five-year agreement by which Joramco will perform C-Checks and HMV checks on the SWISS Airbus fleet, A320, A333 and A340.

Why the future of air travel must be digital

How will the aviation industry anticipate and respond to growing numbers of customers with changing habits and expectations? Mohammed Adnane Retmi, head of Orange Applications for Business indirect, Middle East, Africa and Russia

Apollo 15 command module pilot, Col. Al Worden, to attend Bahrain Airshow

In conjunction with the Bahrain International Airshow 2018, U.S. astronaut/scientist/inventor will address industry, military and student leaders, encouraging multilateral partnership to “break through barriers”.

Marrakech gears up for the sixth edition of the Marrakech Air Show

The sixth edition of the Marrakech Air Show, the largest African civil and military aviation event, will be held in Marrakesh between 24th and 27th of October at the Royal Air Force military base in Marrakesh.

TAA SK0902311218
See us at
MAPS18_BT1207131118MarrakechAirshow BT2507241018MEBAA BT1004121218Aviation Africa BT0607280219AIME19BTA3005120219AviationShowBT1110141118GATM BT1004061118BIAS BT271017161118