firm Avion Aircraft Trading
has struck a deal to acquire a majority stake in Lithuanian Saab 340 operator
Nordic Solutions Air Services (NSA).
NSA was established as the air freight division of Swedish logistics support company Nordic Solutions in 2005, operating three Saab 340 freighters.
Avion Aircraft Trading says
NSA’s joint venture with Nordic Solutions came to
a halt in July 2007, paving the way for the airline to take on new shareholders
and review its strategic direction.
Avion Aircraft Trading says it
has reached an agreement to purchase a controlling stake in NSA, changing the
firm’s trading name to UAB Avion
adds: “Avion Aircraft
Trading looks to this project with enthusiasm and views it as an important
diversification from its core business of aircraft trading and leasing.
[motivations] were the extensive airline management background of key
personnel, and investment strength will enable us to build a strong regional
feeder and aircraft, crew, maintenance and insurance [ACMI lease] airline.”
operates three passenger Saab 340s on behalf of Air Aland, says Avion Aircraft Trading. It is
also planning to re-introduce three Saab 340 freighters, with the last due to
enter service in April.