Avia Solutions Group enters into agreement to acquire Bluebird Nordic
On the 24th of January 2020, Avia Solutions Group signed an agreement with the BB Holding ehf., advised by Barons Capital Partners, to acquire 100% of the shareholdings of Bluebird Nordic.
Gediminas Ziemelis, Founder and Chairman of the Board of Directors of Avia Solutions Group expressed his contentment, “I am utterly pleased to have had an opportunity to acquire such a competent and reputable company. With this new acquisition, Avia Solutions Group steps into the narrow-body ACMI cargo business. Being the biggest passenger ACMI group with one of the largest corporate airline in Europe, we were actually missing cargo operations. Differently from long-haul wide-body cargo business, narrow-body demand is growing fast, driven by electronic trade and others. Today, we own 7 AOCs in various countries and our plan is to achieve synergy between pilots pool, maintenance and lease costs”.
Bluebird Nordic uses a fleet of 6 aircraft and operates scheduled as well as charter flights under its own brand. The airline also offers cargo export and import services from and to Iceland, serving more than 100 locations worldwide. “We are happy that Bluebird is now a member of Avia Solutions Group and look forward to working with the new owners to grow and strengthen the company. We are certain that the company, its employees and customers will feel the benefits of belonging to such a strong aviation industry player”, says Steinn Logi Björnsson, Managing Director of Bluebird Nordic. As a part of Avia Solutions Group, Bluebird Nordic is expected to develop further, expand its existing service portfolio and improve its operation.