Air Alliance sells majority stake

Funds advised by DPE Deutsche Private Equity Management III GmbH (DPE) have agreed to acquire a majority interest in the Air Alliance Group. Founder and CEO Wolfgang Krombach retains a significant shareholding and will continue to lead the company.

Headquartered at Airport Siegerland, Air Alliance provides integrated aviation services – it is an official sales representative and service centre for renowned aircraft OEMs Pilatus, Diamond and Gulfstream, while also offering maintenance, repair and overhaul services for a wide range of private and business jets. Moreover, Air Alliance is a provider of air ambulance flights and was recently awarded “Air Ambulance Provider of the Year 2017” by the International Travel & Health Insurance Journal (ITIJ). The Company has more than 130 employees across its locations at the Siegerland, Cologne, Vienna and Birmingham airports.

 

Other news

Technisonic Industries Ltd has announced the development and fielding of it’s all new multi-purpose communication port (MCP) on the TDFM-9000 series radios.

The government of Quebec in Canada has announced that it will now allow parents to accompany their sick or injured children if they are medically evacuated, in a change to...

Latitude Technologies will be showcasing the new S200-012P Iridium Satellite Push-to-Talk (PTT) device for air medical and first responder organizations at HELI EXPO

Precision Aviation Group, Inc., has announced the signing of a dealership agreement with Honeywell Aerospace which allows PAG to sell, exchange and provide MRO services on...

Airbus has appointed Bruno Even as Chief Executive Officer of Airbus Helicopters, effective 1 April 2018.