Dublin, November 19th, 2010 – ASL Aviation Group announced today the completion of the acquisition of Safair (Safair Operations and Safair Lease Finance) which includes a portfolio of new generation aircraft.
This acquisition enhances ASL's three core activities of Airlines, aviation Support and Leasing services.
Safair Operations will be the third company in the Airline branch of the Group along with Air Contractors and Europe Airpost.
Also included in the transaction is the purchase of a minority interest in the aircraft maintenance associate, Jetworx, based in Johannesburg adding to the Support Services branch.
The purchase of prime new generation aircraft in Safair Lease Finance will meaningfully increase the ASL Aviation Group Leasing portfolio.
“ASL Aviation Group is expanding its capabilities of aviation services globally. With the addition of Safair, ASL’s strategy of worldwide operations is reinforced and expanding to include operations in South Africa, the Middle East and Asia regions.” advises Hugh Flynn, CEO of ASL Aviation Group.
ASL Aviation Group now has a staff of 1 200 worldwide, a fleet of about 90 aircraft and an annual turnover of around 400 million Euros. The Group flies approximately 70 500 flight hours annually.
About ASL Aviation Group : Headquartered in Dublin Ireland, the ASL Aviation Group is a significant international group providing an unrivalled array of aviation services. The three primary activities of the ASL Aviation Group include: Air transportation of passengers and cargo, aviation spares and maintenance Support Services and aircraft Leasing services.
This acquisition enhances ASL's three core activities of Airlines, aviation Support and Leasing services.
Safair Operations will be the third company in the Airline branch of the Group along with Air Contractors and Europe Airpost.
Also included in the transaction is the purchase of a minority interest in the aircraft maintenance associate, Jetworx, based in Johannesburg adding to the Support Services branch.
The purchase of prime new generation aircraft in Safair Lease Finance will meaningfully increase the ASL Aviation Group Leasing portfolio.
“ASL Aviation Group is expanding its capabilities of aviation services globally. With the addition of Safair, ASL’s strategy of worldwide operations is reinforced and expanding to include operations in South Africa, the Middle East and Asia regions.” advises Hugh Flynn, CEO of ASL Aviation Group.
ASL Aviation Group now has a staff of 1 200 worldwide, a fleet of about 90 aircraft and an annual turnover of around 400 million Euros. The Group flies approximately 70 500 flight hours annually.
About ASL Aviation Group : Headquartered in Dublin Ireland, the ASL Aviation Group is a significant international group providing an unrivalled array of aviation services. The three primary activities of the ASL Aviation Group include: Air transportation of passengers and cargo, aviation spares and maintenance Support Services and aircraft Leasing services.