AFC Parent Company Buys Volito

Stellwagen Finance Company, the parent company of Aviation Finance Company (AFC), has completed the first phase of its acquisition of Swedish lessor Volito Aviation Services (VAS) and its Irish subsidiary.

Stellwagen Finance Company, the parent company of Aviation Finance Company (AFC), has completed the first phase of its acquisition of Swedish lessor Volito Aviation Services (VAS) and its Irish subsidiary.

According to Stellwagen, the purchase is set to broaden AFC’s finance and investment business adding to aircraft services offering. Volito offers maintenance surveillance and risk management services, alongside aircraft purchasing, sales and leasing. The second phase of the acquisition is set to take place next year, upon which Volito will be renamed Guardian Aviation Services. 

 

TAGS: Europe
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