Texel Air and SNC agree strategic alliance to boost growth
Texel Air Bahrain and the Sierra Nevada Corporation (SNC) have announced the signing of a memorandum of understanding confirming the formation of a strategic alliance to develop aviation opportunities in…
Texel Air Bahrain and the Sierra Nevada Corporation (SNC) have announced the signing of a memorandum of understanding confirming the formation of a strategic alliance to develop aviation opportunities in the Middle East and beyond.
The MoU details an agreement to set up a special purpose vehicle to secure financing for Texel’s fleet and facilities expansion in Bahrain.
High demand for air cargo
Fatih Ozmen, CEO of SNC, an aerospace and defence contracting company, endorsed Texel’s growth strategy noting that the B737- 800BCF is experiencing high demand in the global air cargo market.
He welcomed the opportunity for SNC to continue its expansion into commercial aviation with Texel Air to
develop new destinations across the Middle East and other global markets in the already vibrant ACMI business by deploying its BCF fleet and developing supporting infrastructure in Bahrain.
He noted that Chisholm Enterprises, Texel’s parent company, and SNC are expanding a long association to further develop mutually advantageous opportunities in the ACMI, MRO and finance areas, leveraging the Kingdom of Bahrain’s strategic location and the business-friendly environment.
Bahrain launch pad
Commenting on the partnership, John Chisholm, chairman for Texel Air, said: “We are pleased to see Bahrain as a launch pad for yet another aviation initiative, the first of its kind in Bahrain.
“I am proud to see the strides that Texel Air has been taking, and thank the Government of Bahrain, the Ministry of Transportation and Telecommunication’s Civil Aviation Affairs and Bahrain Airport Company for their continued support in providing us with an ecosystem and infrastructure that supports our business development and enables our growth.
“I look forward to further supporting private sector aviation companies’ expansion and innovation.”
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