May 11, 2018
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Pula Aviation, the parent company of UK-based Centreline, has completed the acquisition of ASG Group, an organisation that owns 41,000 sq ft of hangarage at Guernsey airport, and a 25 per cent share of ASG's operating companies.
Operating companies include ASG Ltd, a Part 145 maintenance organisation specialising in turbine and piston engine powered aircraft up to ATR72, and Fly ASG, an aircraft sales business with a focus on turbine aircraft.
ASG's revenue has grown by 80 per cent over the last three years and it is anticipated that investment by Pula will facilitate further growth for both companies.
Pula was established in 2015 to develop business aviation in the Channel Islands and further afield. It acquired Bristol-based Centreline in 2016 and, following a restructure in 2017, holds a 25 per cent stake in handling and hangarage outfit Aiglle Flight Support, which also operates from Guernsey airport. The group also has aviation interests in southern Africa.
ASG CEO Steve Page states: “We welcome the investment by Pula Aviation and look forward to creating a mutually beneficial and expanding partnership. Guernsey has proven an exceptionally attractive location for European based maintenance customers and ASG has successfully attracted multiple corporate customers over the last three years. We now look forward to leveraging our joint capabilities.”
Pula MD Nick Brown adds: “We are delighted to add ASG Group to our portfolio of aviation related investments. This acquisition demonstrates our ongoing commitment to business aviation and provides a number of exciting opportunities to expand our range of services.”