Copying and distributing are prohibited without permission of the publisher
Liquid assets
01 December 2006
Aviation, look out. Shipping companies are entering the sector, with some of them acquiring up to 10 aircraft a year. Janet Du Chenne reports.
Read more:
Ofer Aviation; Yaron Perets; China; India
We have all heard the saying "planes, trains and automobiles". Now it is time to find out why ships are becoming an important part of this equation.
More shipping companies are expanding their empires to include aviation. While these two disciplines may seem vastly different, one can leverage from the other.
Ofer (Ships Holding), which has enjoyed a successful 50 years on water, is taking to the skies. The Tel Aviv-based group launched Ofer Aviation in June 2005 and the lessor has already purchased nine narrowbody aircraft, including a mixture of A320 family and 737-800s, which are on lease to well-known US and European airlines and a prominent private carrier in India.
As part of Israel's largest privately owned shipping enterprise, Ofer Aviation is becoming a well-known name in its own right.
Entering the market
The Ofer group has diversified from its original shipping-oriented activity into property, banking, industrial holding and...
Access to this content is denied because you are not logged in. Please login to view this content
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the current issue for two weeks (excluding
some surveys and articles). Start your free trial today.
