PRESS RELEASES

PRESS RELEASES

Posted on Jun 21, 2017

Stellwagen, recently acquired by the Canadian investment and private equity management company Acasta Enterprises (TSE:AEF), has signed a firm order for 12 Airbus C295 medium transport aircraft in the first sale to a leasing company achieved by Airbus Defence and Space.
 
The agreement, which includes options for a further 12 aircraft, positions Stellwagen to address civil markets including the humanitarian sector, freight operators in austere environments, and government agencies such as search and rescue services.
 
The C295 is a 9-tonne capacity, ramp-equipped, medium transport and mission aircraft currently in service with 28 operators in 25 countries. Today’s agreement takes firm orders for the type to 198 and the options would take the figure past 200, reconfirming its position as the market leader.
 
Geoff Beattie, Chairman of Acasta, said: “This game changing agreement with Airbus for the unique C295 will transform Stellwagen, it also validates its business plan, demonstrates continued industry innovation and leadership and positions the Group to further develop the commercial market.”
 
Stellwagen Chief Executive Officer, Douglas Brennan said: “The C295 is a remarkably capable and versatile aircraft. We have intensively studied the potential for its use in all civilian and humanitarian operations and we look forward to working with Airbus and operators throughout the world.”
 
Bernhard Brenner, Head of Marketing and Sales at Airbus Defence and Space, made note of the new opportunities created by this new business model, and the role it will play in reinforcing the C295 market position.”

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