Big changes at Amerijet

On 26 July, ZS Fund L.P., a New York-based private equity firm announced it had acquired a majority stake in Miami-based Amerijet Holdings, Inc., and its logistics subsidiary, ITN Worldwide from H.I.G. Capital, for an undisclosed amount. In addition to the change in ownership, Amerijet’s founder, Dave Bassett will also step down as the group’s […]

Quikjet launches Indian domestic freighter service

It has been a long time coming, but India-based all-cargo carrier Quikjet finally launched service, offering overnight flights connecting Delhi, Chennai, Bengaluru and Hyderabad with its single 737-400 freighter. Quikjet was formed as a startup in 2007, backed by various Indian investors, including the Tata Group. In 2012, Switzerland-based Farnair acquired a 36% stake in […]

India: One up, one down, one waiting in the wings

  After finally winning a months-long battle with the government for permission to operate main-deck cargo service using an A330-200F ACMI-leased from Etihad, India’s Jet Airways made the following announcement: “The launch of dedicated freighter operations by Jet Airways has been deferred indefinitely due to commercial and operational reasons” Welcome to India, the most puzzling […]

ASL rebrands

Ireland-based ASL Aviation Group is rebranding its four Europe-based airlines under a new “ASL Airlines” name. Following its acquisition of the Farnair Group last year, ASL owns, controls, or has significant stakes in seven airlines: Air Contractors (Ireland), Europe Airpost (France), Farnair Switzerland, Farnair Hungary, QuikJet (India), K-Mile (Thailand), and Safair (South Africa). As part […]

Is it finally India’s time?

European aviation holding company ASL Aviation Group said today that, through subsidiary carrier Farnair, it would increase its shareholding in India-based all-cargo startup Quikjet from 50.93% to 72.59%. Is this a sign that India’s time to shine on the air freight stage has finally come? Is ASL’s plan to put one of its newly-converted 737-400Fs into […]

What next for TNT Airways?

EU law will require FedEx to divest the TNT Airways fleet if its takeover of TNT Express is allowed to proceed. But just what is that fleet, and what will happen to it when it is divested? We last visited this subject in 2012, when UPS and TNT were going through what FedEx and TNT […]

ASL to acquire Farnair

Ireland-based ASL Aviation Group signed an agreement to acquire the Farnair Group of companies. ASL said it expected the transaction to close by the end of this year, but gave no financial details. ASL, a joint venture of Compagnie Maritime Belge (CMB, 51%) and 3P Air Freighters (an aircraft leasing subsidiary of private equity group […]

Farnair takes 45% stake in Thailand’s K-Mile Air

Switzerland-based Farnair acquired the 45% stake in Thailandbased K-Mile Air formerly held by Malaysia’s Transmile Group. As part of the agreement, Farnair will place a 737-400F (28492, recently redelivered to Farnair by Aeronautical Engineers Inc) with K-Mile, replacing the carrier’s single 727-200F (22080),which it recently parked. Farnair has long been a turboprop freighter operator, but last year ordered four 737-400 passengerto-freighter […]
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