Swiftair parent set to gain control of West Atlantic

West Atlantic has transferred two 737-800BCFs to its Swedish AOC.

Yesterday, shareholders of Sweden-based West Atlantic Group accepted what amounts to a takeover offer from Spain-based LUSAT Air S.L., the holding company that owns Aviation Leasing Spain, Cygnus Air, and Swiftair. The two companies entered into an MoU that would enable LUSAT to acquire a majority stake in West Atlantic. The deal is slated for […]

 

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