Global aviation group to join forces with Gatwick firm in new acquisition

Multipurpose aviation firm Avia Solutions Group has entered into an agreement to acquire aircraft charter company Chapman Freeborn Group.

The deal, which will see Avia Solutions Group take 100 per cent of the shareholding in the Gatwick-based firm, will allow it to maintain its existing product portfolio and continue to operate under the group’s existing brands.

Established in 1973, Chapman Freeborn operates across North America, Europe, Africa, Asia and Australia, under subsidiaries such as Chapman Freeborn Airchartering, Chapman Freeborn OBC, Intradco Cargo Services, Logik Logistics, Magma Aviation, and Wings 24.

The firm specialising in the lease and charter of aircraft, providing freight and passenger services to clients across a range of sectors including freight forwarders, multinational corporations, governments and humanitarian agencies.

Russi Batliwala, CEO of Chapman Freeborn, commented “This is an important moment for Chapman Freeborn as we continue to expand the strength of our group around the world.

“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.”

The acquisition is expected to be completed by Q3 2019, after which Avia Solutions Group will own 66 companies in 26 countries around the world.

Speaking about the acquisition, 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.

“Avia Solutions Group and Chapman Freeborn both enjoy excellent reputations in the market, and together we share a common passion for delivering innovative client-focused services.

“With an even greater global footprint, we can harness the synergies of our two like-minded companies to achieve even more ambitious results.”