ASL Aviation is to acquire Farnair, bringing the number of airlines ASL owns to seven.
Based in Switzerland, the Farnair group consists of Farnair Switzerland, Farnair Hungary, Quikjet India and K-Mile, which is a joint venture based in Thailand.
All of Farnair’s management team will stay in place, ASL confirmed in a statement, as will its aircraft.
This will bring ASL’s combined fleet to more than 100 owned or operated aircraft its number of employees to more than 1,500.
The deal is due to close this year, subject to regulatory approvals.