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NEW OWNERSHIP PAVES THE WAY FOR GROWTH BY MAXIMUS

11-18-2008 01:08 PM CET | Logistics & Transport

Press release from: Maximus Air Cargo

Maximus Air Cargo Antonov An-124-100

Maximus Air Cargo Antonov An-124-100

Abu Dhabi, 17 November 2008 - Abu Dhabi Aviation has acquired a 95 per cent stake in Maximus Air Cargo, the specialist heavy-lifter of the Middle East airline industry.

“Maximus will retain its brand, operational independence and management structure, and the change will allow the company to pursue its route to increased efficiency and profitability and ensure corporate growth,” said president and chief executive Fathi Hilal Buhazza.

Maximus has just reported outstanding growth during the first nine months of 2008, with up to four-fold increases in key performance measures. Freight-ton kilometres flown, the most important indicator of air cargo operations, grew to 278 million – up from 69 million in the same period of 2007, an increase of 401 per cent.

Hours flown followed a similar pattern, up 365 per cent from 1,885 to 6,883 – producing a 227 per cent growth in sales revenue from $38 million to $86.4 million, 170 per cent ahead of target.

Commercial contracts accounted for 75 per cent of the hours flown, with the balance coming from UAE government entities.

Maximus is the largest freighter-only air operator in the Middle East and has a staff of more than 135, operating a fleet of eight all-cargo Antonov AN-124-100, Airbus A300-600RF, Ilyushin IL-76TD, and Lockheed Hercules L382G aircraft operating across the Middle East, Europe, Africa, and Asia.

It operates regular scheduled cargo services on behalf of airlines including Etihad, Iberia, Air France, and Sudan Airways, and is also the exclusive air relief support partner for the UAE Red Crescent.

Maximus Air Cargo is the largest all-cargo airline in the UAE and the premier operator of outsized cargo aircraft in the Middle East.

Headquartered in Abu Dhabi, the UAE capital, Maximus operates a fully-owned fleet of eight freighter aircraft, comprising Antonov An-124-100, Airbus A300-600RF, Ilyushin IL-76TD, and Lockheed L-382G Hercules.

The number and variety of the fleet enable Maximus to assign the ideal aircraft for just about any air cargo requirement, contributing to the company's strong reputation for always taking the 'first-class-approach' to the region's air cargo charter market.

In the firm belief that the market demands superior customer service and outstanding reliability, Maximus' philosophy is rooted in offering its customers the most responsive, practical, and cost-effective solutions, combining a personal approach with innovative customer service.

For further information please contact:

Maximus Air Cargo
P.O. Box 35367
Abu Dhabi, UAE
Web: www.maximus.aero

Thomas Bommer
Manager Marketing
Email: bommer@maximusaircargo.ae
Phone: +971 2 447 4900 ext. 306
Fax: +971 2 447 4910

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