Stellwagen Leases Four Airbus C295s to DAC Aviation

Acasta Enterprises’ aviation operating company, Stellwagen Group, signed an agreement to lease four Airbus C295 aircraft to DAC Aviation International, a humanitarian operator.

DAC Aviation will commence humanitarian operations with two aircraft in Q1/18 operating in Africa. This partnership allows the humanitarian missions to safely operate the new, multiple-use aircraft in austere African environments and immediately provide a new standard of relief services to people in peril.

Emmanuel Anassis, chairman of DAC Aviation, said, “We greatly appreciate this opportunity and partnership with our friends from Stellwagen. Introducing the Airbus C295 and its tremendous capabilities into our operations will significantly enhance our mission allowing us to take our 25 years of Humanitarian Assistance to the next level as we continue to deliver hope to those less fortunate.”

Seraph Aviation Management Limited, the aviation asset management company of Stellwagen, headquartered in Dublin, will manage the aircraft. In June 2017, Stellwagen signed a firm order for 12 Airbus C295 specialized cargo aircraft with an option to purchase additional aircraft. This was the first sale to a leasing company by Airbus Defence and Space. The Airbus/Stellwagen partnership was formed to commercialize the Airbus C295 aircraft across civil markets including humanitarian agencies, search and rescue operations and cargo businesses.

Douglas Brennan, CEO of Stellwagen, said, “This is a tremendous opportunity for our company to make a difference. I am delighted to work with DAC Aviation to provide critical support and assistance to the less fortunate. The Airbus C295 is an ideal aircraft for this mission. It operates a multitude of missions in difficult environments.”

The Airbus C295 is a twin turboprop multi-role transport aircraft manufactured in Spain.

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