Air Cargo Company – prepares to expand.
Dallas, Texas (PRWEB) November 01, 2012
Regus Advisors Inc., http://www.regusadvisors.com a private global Investment Banking firm, announced today a signed agreement to provide its corporate advisory services for Astral Aviation http://www.astral-aviation.com one of the premier Air Cargo providers in Africa.
Astral Aviation was founded in 2000 and has grown to being a highly respected and reliable Air Cargo provider in Eastern Africa to many corporate clients which include airlines (such as Lufthansa Cargo, Emirates, Etihad, Qatar Airways, Virgin Atlantic), integrators (like DHL, FedEx and TNT), freight forwarders (like DHL Global Forwarding, UTi, Kuehne+Nagel) and the aid-fraternity (like the United Nations, MSF).
Regus Advisors Chairman CJ Comu, said, “Astral Aviation represents the type of global opportunity that our institutional clients have an interest in. We look forward to assisting the company in their structure and financing needs as well as exploring a public listing on a major stock exchange.”
The Company is currently operating to multiple locations in Eastern Africa from Kenya through their HUB in Nairobi, and expansion plans for a fleet and HUB in ACCRA (to cater for the West African region) and HUB in JOHANNESBURG (to cater for the Southern African region).
Astral promotes the consolidation of cargoes at Nairobi for onward air-freight to the regional economies of Eastern Africa comprising of Uganda, Tanzania, Rwanda and South Sudan with plans for further ex¬pansion into D. R. Congo, Zambia, Angola, Chad and Central African Republic.
Sanjeev S. Gadhia Founder & CEO of Astral Aviation stated, “We’re very excited about our growth and financing plans and have established a great business that has the expertise to execute this. We feel that Regus has the depth in management, international experience and financing expertise to help us get there.” Gadhia added, “Our existing fleet of DC 9F’s and B727F’s will be expanded by six newly converted freighter aircraft to manage the terrific growth in the intra-African network. Our projected financing of $30M will allow us to acquire six aircrafts and retrofit to get them cargo ready.”
Astral’s business philosophy is based on the Hub & Spoke Model which it has successfully implemented for the past 10 years. Jomo Kenyatta International Airport (JKIA) has earned the reputation as the premier passenger and cargo hub of Sub Saharan Africa, and was rated by ACI as being the No 1 Cargo Airport in Africa. The recent expansion at JKIA allows for greater consolidations of cargoes at the freighter friendly airport in addition to the creation of additional parking bays at the cargo apron.
Within its intra-African network, which encom¬passes 50 destinations, Astral operates a com¬bination of scheduled and ad-hoc charters along with value-added services. Its interline agreements with over 30 Interline Partners; along with prefer¬ential agreements with the leading global and local freight forwarders; and partnerships with over 25 global GSA’s facilitate the consolidation and trans-shipment of in-bound cargoes at the freighter-friendly Jomo Kenyatta International Airport.
Long term strategies relate to further intra-African expansion with additional hubs in Accra, Ghana to cover the oil-rich economies of West Africa, and Johannesburg, South Africa to cover the economies of Southern Africa. Astral Aviation’s ultimate strategy is to operate the largest cargo network in Africa with three independent hubs in Nairobi, Accra and Johannesburg, and to eventually operate freighters into Europe, Middle East and China bound with exports from South and East Africa and return with imports for the entire continent.
For more information contact Mervyn Price, President Regus Advisors – mprice (at) regusadvisors (dot) com.
About Regus Advisors Inc:
Regus Advisors is a private global Investment Banking firm that provides strategic and financial advisory services to private and public companies to include; structure, documentation, financing and exit strategies as well as listing on domestic or foreign stock exchanges. Regus Advisors is not a FINRA/FSA licensed broker/dealer and does not buy/sell securities. More Info: http://www.regusadvisors.com
About Astral Aviation Inc.
Astral’s focus is to maintain a solid intra-Af¬rican network which will be served by a combination of schedule and charter flights. Its current footprint which encompasses Eastern Africa with its dynamic Nairobi hub enables it to actively serve the economies of Kenya, Uganda, Tanzania, Rwanda, Burundi and South Sudan with its current DC9 Fleet. Astral Aviation expects to acquire a fleet of MD83 Freighters in 2012 which will result in further expan¬sions in the intra-African sector with increased fre¬quency on the existing routes and network expansion into D. R. Congo, Angola, Zambia, Malawi, Chad and Central African Republic. More info visit: http://www.astral-aviation.com
Safe Harbor Statement – This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward- looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Regus does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
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