December 2014: Dublin-based, the (ASL) Aviation Group (ASL) has acquired Switzerland’s Farnair Group (TUL), increasing the number of affiliate airlines in the group to 7, with an operational fleet size of >100 airplanes.
(ASL), which already includes South African affiliate Safair (SFA), the largest operator of civilian Hercules for the United Nations (UN) and its low-cost arm, FlySafair (SFA), now has 5 airlines operating in Europe and Africa, as well as 1 each in SE Asia and India.
(ASL) (CEO), Hugh Flynn said the (ASL) network of airlines would “considerably strengthen its position as the neutral provider of airline services to the major express integrators on a global scale.”
He pointed out that (ASL) had remained profitable and continued to grow throughout the last few years of recession. “The Farnair (TUL) acquisition reflects our ongoing strategy to grow both geographically and through asset procurement,” Flynn said.
Located in Basel, Farnair Switzerland (TUL) (was established 30 years ago and now operates a fleet of 20 cargo and passenger airplanes. It also has a subsidiary, Farnair Hungary (TUL), based in Budapest and two joint-venture (JV) platforms in Quikjet India and a 45% share in K-Mile Asia (KMI). Three additional subsidiaries include specialist service providers in airplane handling, training and rail logistics.
(ASL) said its acquisition of Farnair (TUL) would “combine the strengths of the two aviation groups.”
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