Avia Solutions Group to acquire UK-based charter specialist Chapman Freeborn
June 18, 2019: On June 14, Avia Solutions Group, a global multipurpose aviation holding, has entered into an agreement to acquire 100 percent of the shareholding in air charter solutions provider Chapman Freeborn Group.
The addition of Chapman Freeborn’s worldwide businesses will bolster current business lines portfolio of Avia Solutions Group - a company with 42 subsidiaries engaged in aircraft maintenance, pilot training, ground handling and fuelling, aviation IT solutions and business aviation.
The UK-based charter specialist 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 acquisition is completed, subject to customary approvals, Avia Solutions Group will own 66 companies in 26 countries worldwide, with approximately 3300 professionals in total.
The consolidated revenues of the two entities were €800 million for 2018 and are forecasted to exceed €1 billion in 2019.
The transaction is expected to be closed in third quarter of 2019.
Gediminas Ziemelis, chairman of the Board at Avia Solutions Group said: “This acquisition is part of our strategic plan to expand our presence in key sectors, and significantly strengthens the capabilities of our group. Chapman Freeborn’s client portfolio and its outstanding level of expertise will greatly support our ambition to be the world’s leading aviation services provider.”
Russi Batliwala, CEO of Chapman Freeborn said: “Joining forces with Avia Solutions Group will provide us with a greater level of business scale, resources and expertise to accelerate growth and deliver our services to an even wider client base – all while preserving our unique company culture and ongoing commitment to charter market innovation.”
Financial terms of the deal are not disclosed.