Texel Air (XLR, Bahrain International) and American aerospace and defence contracting company Sierra Nevada Corporation announced the establishment of a strategic alliance, which will include a new SPV to raise funds for the airline's growth.
The Memorandum of Understanding outlined the plan to raise capital for fleet expansion and facility investment by Texel Air, although the parties did not disclose any further details. SNC's Chief Executive Fatih Ozmen said that the carrier's business plan based around the B737-800(BCF) was very promising for further growth not just in the Middle East but also in "other global markets in the already vibrant ACMI business".
The ch-aviation fleets module shows that Texel Air currently operates one B737-300(F), two B737-700(FC)s, and two B737-800(BCF)s. It recently signed a commitment for a further two -800(BCF)s with deliveries due in 2023. The privately-owned airline also partners state-owned Gulf Air (GF, Bahrain International) (which does not operate any in-house freighters).
Just days earlier, Texel Air's domestic rival MENA Cargo Airlines (Bahrain International) announced an equity partnership with Asia Cargo Network, which will also finance fleet expansion. Bahrain International is also the base of DHL International Aviation Middle East (ES, Bahrain International).
