Air Partner acquires specialist broker Cabot
Air Partner, a leading global aviation charter specialist, has acquired Cabot Aviation, a specialist broker in aircraft remarketing, for up to Â£1.2 million (â‚¬1.66 million).
June 1, 2015
Air Partner, a leading global aviation charter specialist, has acquired Cabot Aviation, a specialist broker in aircraft remarketing, for up to £1.2 million (€1.66 million). Cabot Aviation was founded in 1998 by Malcolm Holt and Tony Whitty, who have grown the company into one of the leading aircraft remarketing brokers in the world. Cabot is headquartered in Tunbridge Wells, United Kingdom, but also has a sales presence in North America, Latin America, Russia & CIS, and Asia Pacific.
Holt and Whitty will lead Air Partner’s new aircraft remarketing division from the Group’s London Gatwick headquarters. The division will continue to trade as Cabot Aviation and will hold responsibility for all aircraft remarketing globally within the Air Partner group.
Commenting on the acquisition, Mark Briffa, CEO of Air Partner, said: “Cabot Aviation will leverage the Air Partner global office infrastructure and supplier network to deliver even greater service breadth and depth to clients. We look forward to seeing the benefits this acquisition will bring to clients of both Air Partner and Cabot Aviation.”
Air Partner’s existing aircraft remarketing operations are predominantly in the short-term wet lease market and so the acquisition of Cabot Aviation adds significant aircraft sales and dry lease expertise – channels where Air Partner is currently experiencing demand from its existing client base.