JETS Bournemouth, UK MRO facility, has been acquired by Carlauren International Holdings, adding to its growing portfolio of hospitality, travel and aviation companies. The acquisition is aimed at establishing JETS as a major player within the maintenance, management and air charter arenas and there are plans for an immediate capital injection along with the setting up of an experienced management team.

Carlauren Group CEO Sean Murray says: “Today marks a major step forward with our group plans. JETS has for a long time been trapped by a lack of funding that stifled its ability to hold a competitive global presence within the aircraft maintenance arena. Today that stops. We as a company have aggressive plans for JETS, which is widely recognised as one of Europe's premier aircraft maintenance facilities. By way of a substantial cash and management injection it will now be able to grow.”

Murray founded Carlauren Group in 2014 with a vision to change travel and care for the over 55s. The group now owns in excess of 20 subsidiary companies in care, travel, aviation, insurance, technology and crypto currency, and its development division comprises architecture, engineering and interior design consultants. Turnover in 2018 is expected to top $130.3 million and year-on-year growth should be over 100 per cent.