Chapman Freeborn Acquires Arcus Air Logistics
On 18 June 2020, Chapman Freeborn, a global aircraft charter specialist and company of the Avia Solutions Group (ASG), signed an agreement to acquire Arcus Air Logistics and Arcus Air OBC from the Arcus Air Group.
Offering ad-hoc air cargo charter and on board courier services primarily to the automotive industry, Arcus Air Logistics is a respected and established supplier with a brand history of over 45 years. The company provides cargo charter services with its own fleet of two Dornier 228-212 aircraft, and a variety of additional aircraft. Over the 2015-2019 period, Arcus Air Logistics’ average annual sales were €22 million.
Arcus Air Logistics is a valuable addition to Chapman Freeborn’s service portfolio. It brings significant synergies in the emergency cargo logistics space where Chapman Freeborn is a leading player with ambitious plans for future growth. “We are proud to welcome the highly experienced teams of Arcus Air Logistics to our growing family. This is an opportune time to join forces given the trends in the global cargo logistics space. I believe Arcus Air Logistics will further strengthen our group’s business as we continue our strategy of growth through diversification in the niche aircraft charter industry”, says Russi Batliwala, CEO of Chapman Freeborn.
“While the aviation industry is living through a challenging time, identifying and acting on the right investment opportunities can be a real differentiating factor for businesses who will emerge from this crisis stronger than before. ASG is pleased to be able to support the growth of our family of companies; Chapman Freeborn’s latest acquisition is a prime example of our successful cooperation”, says Gediminas Ziemelis, Chairman of the Board of Avia Solutions Group.
Arcus Air Logistics, with representative offices in Germany, Spain and Slovakia will trade under its current name, providing customers with a seamless, high-quality service experience. Francisco Mühlens will continue to act as Managing Director.
About Arcus Air Logistics:
A multi-specialist solutions provider with more than 45 years of expertise in automotive logistics. The high demands of the industry have helped to expand the expertise to other industries such as aviation, oil and gas, electronics and healthcare.
About Chapman Freeborn:
The Chapman Freeborn group was established in the UK in 1973. The company has offices worldwide including North America, Europe, Africa, Asia and Australia. In the cargo market, Chapman Freeborn Airchartering specialises in the charter and lease of aircraft for a wide-ranging customer base, including freight forwarders, multinational corporations, governments, humanitarian agencies and a host of industries around the globe. In addition to freight services, Chapman Freeborn offers specialist passenger services including private jet charters for executive travel and large aircraft for crew rotations and international group travel.
Chapman Freeborn is a family member of Avia Solutions Group, the largest aerospace business group from Central & Eastern Europe with 83 offices and production stations providing aviation services and solutions worldwide.
Korean Air postpones Asiana deal by further three months
Korean Air postpones the deadline to complete a deal for a majority stake in Asiana by three months, to September 30, 20...
Icelandair to expand its 737 Max fleet to 20 aircraft with new lease agreement
Icelandair will add two new Boeing 737 MAX 8 aircraft to its fleet following an agreement with Singapore-based lessor BO...
Air New Zealand unveils cabin overhaul: new seats, pods, and lie flat beds
Everything you need to know about Air New Zealand’s major Dreamliner overhaul from sleeping pods to lie flat beds...