Oaktree Capital Management and BPI France-backed SAF Aerogroup to acquire Starlite Aviation Group.

Oaktree Capital Management and BPI France-backed SAF Aerogroup, an aviation group, agreed to acquire Starlite Aviation Group, a multi-faceted aviation company. Financial terms were not disclosed. "This acquisition is a very important step in SAF's history and will allow us to strengthen our expertise and growth prospects considerably, with increased diversification and a wider market. Our ambition is to become a global player in airborne services, and this acquisition takes us one step further in that direction. We share with Starlite Aviation strong values of ; safety, respect for commitments, people and solidarity. Our common culture aimed at excellence will significantly facilitate the integration of Starlite Aviation teams," Tristan Serretta, SAF Aerogroup CEO.