HNA Group of China to invest in ACT Airlines of Turkey

ACT Airlines Airbus A300B4-203 (F) TC-ACY (msn 107) DXB (Paul Denton), originally uploaded by Airliners Gallery.

ACT Airlines (Istanbul) will soon have new investors as it plans to increase its freighter fleet. The HNA Group is planning to acquire a 49 percent share in the airline for $25 million and also add Boeing 747-400 and 767 freighters in Turkey. ACT Airlines will also change its name to MyCargo.

Read the full story from Bloomberg: CLICK HERE

Read a second report from the Daily News: CLICK HERE

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This entry was posted in ACT Airlines, HNA Group, MyCargo and tagged ACT Airlines, ANA Group, MyCargo on July 25, 2011 by Bruce Drum.

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I have started the ultimate digital photo library of the fascinating world of airliners and airlines. The goal is to have the complete history of all airlines and the various aircraft operated. I have been photographing airplanes since 1965. Join us in this adventure.

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