Business & GA

UK business aviation services provider Ocean Sky has given further details of its planned expansion, eyeing fixed-base operator and maintenance repair and overhaul acquisitions in central Europe.

Earlier this year, chief executive Kurosh Tehranchian revealed that Ocean, which plans to nearly double its turnover this year to €110 million ($165 million), was actively looking for opportunities in an effort to avoid its expansion being restricted to solely organic growth.

Tehranchian says that while Ocean plans to consolidate its office network in Munich, Salzburg, Zurich and Moscow, it plans to expand its maintenance network through acquiring "one or two" FBO businesses at main central European airports.

The London-based company, which was launched in 2003 as an aircraft broker and which has, since late 2005 expanded into business aircraft services, now runs fixed-base operations in Manchester - formerly Northern Executive Aviation - and Glasgow Prestwick.