Announced
Completed
Financials
Tags
Airlines
Australia
air charter solutions
airline services
Majority
Private
Completed
Acquisition
Cross Border
Friendly
Single Bidder
Synopsis
Avia Solutions Group, the world's largest ACMI provider, completed the acquisition of Skytrans Airlines, an airline and air charter business based in Cairns, Queensland. Financial terms were not disclosed. This development is part of Avia's growth strategy within the Asia-Pacific region. Expansion in the region provides valuable leverage to counterbalance the reduced seasonal demand in Europe by shifting aircraft between counter-seasonal regions. The obtained AOC brings the total number of air operator certificates held by the group to 12.
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