ASL completes takeover of Safair
ASL Aviation Group on Thursday finalized its acquisition of Safair, as announced on Sept. 20.
The company said the acquisition enhances its three core activities: airlines, aviation support and leasing services. With this takeover, ASL now has a staff of 1,200 worldwide, 90 aircraft and an annual turnover of about 400 million euros ($547 million). The group flies about 70,500 flight hours annually.
ASL is a joint venture between CMB (Compagnie Maritime Belge, a maritime group based in Antwerp) and 3P Air Freighters, a private equity fund managed by Petercam.
ASL completes takeover of Safair
