SINGAPORE-HEADQUARTERED Asia Cargo Network (ACN) has opened a new office in London which started operations on September 7.

The new London office will be jointly led by Marco Isaak, Group chairman of Asia Cargo Network, and Hal Gamble from Plane Invest, who have established the joint venture ACN Aeroleasing, offering aviation leasing solutions.

Asia Cargo Network said the new location provides convenient access to major financial districts and international airports and will position the company's plan to expand its clientele in Europe, the Americas, Africa and Middle East, reports Singapore's Payload Asia.

The UK team will initially have five employees with plans to grow to 8 or more within the first year. The team will manage various leases, including those related to ACN aircraft, and develop leasing options with existing working associates.

The company also plans to explore enhanced lease management capabilities, fleet expansion, and renewal opportunities.