ASL Aviation Group (ASL) has completed the acquisition of the Farnair Group in Switzerland. The acquisition increases the number of affiliate airlines in the Dublin, Ireland based ASL Aviation Group to seven and the number of aircraft owned and/or operated in the fleet to over 100.
ASL can now avail of Air Operators Certificates (AOCs) in Europe, South Africa, South East Asia and India, enabling entry into new and growing markets.
The chief executive of ASL Aviation Group Hugh Flynn commented “with five airlines operating across Europe and Africa and with an airline now in each of South East Asia and India, ASL Aviation will considerably strengthen its position as the neutral provider of airline services to the major express integrators on a global scale.”
With the acquisition, the consolidated annual turnover of ASL is expected to grow to in excess of 400 million euros with an EBITDA in excess of 80 million euros. The addition of the Farnair companies will bring the total ASL Aviation Group employment numbers to over 1,500 people globally.