newstodate.aero
Jun 18, 2019 (newstodate): Taking the industry by surprise, Lithuania's Avia Solutions Group has announced the acquisition of the UK provider of aircraft charter brokering, Chapman Freeborn Group.
The deal was inked on June 14, 2019, adding further muscles to Avia Solutions Group as a diversified global holding company with 42 subsidiaries in aircraft maintenance, pilot training, ground handling and fuelling, aviation IT solutions and business aviation.
As part of the Avia Solutions Group, Chapman Freeborn will maintain its existing product portfolio and continue to operate under the group's existing brands, including subsidiaries Chapman Freeborn Airchartering, Chapman Freeborn OBC, Intradco Cargo Services, Logik Logistics, Magma Aviation, and Wings 24.
After the completion in Q3, 2019, of the acquisition process subject to customary approvals, Avia Solutions Group will own 66 companies in 26 countries worldwide, staffed with some 3,300 employees.
The deal was inked on June 14, 2019, adding further muscles to Avia Solutions Group as a diversified global holding company with 42 subsidiaries in aircraft maintenance, pilot training, ground handling and fuelling, aviation IT solutions and business aviation.
As part of the Avia Solutions Group, Chapman Freeborn will maintain its existing product portfolio and continue to operate under the group's existing brands, including subsidiaries Chapman Freeborn Airchartering, Chapman Freeborn OBC, Intradco Cargo Services, Logik Logistics, Magma Aviation, and Wings 24.
After the completion in Q3, 2019, of the acquisition process subject to customary approvals, Avia Solutions Group will own 66 companies in 26 countries worldwide, staffed with some 3,300 employees.