Avia Solutions Group, a global multipurpose aviation holding, has entered into an agreement to acquire 100 per cent of the shareholding in UK-headquartered Chapman Freeborn Group – a worldwide market leader for aircraft charter solutions. The acquisition agreement was signed in London, United Kingdom on June 14, 2019.
The addition of Chapman Freeborn's worldwide businesses will bolster current business lines portfolio of Avia Solutions Group – a global holding company with 42 subsidiaries engaged 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.
The consolidated revenues of the two entities were €800 million for 2018 and are forecasted to reach €1 billion in 2019. 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.
