STAR Capital to buy ASL

STAR Capital Partnership (STAR Capital) is to acquire ASL Aviation Holdings, the Dublin-based aviation services provider, which operates multiple airlines. ASL’s airlines operate scheduled and charter flights under their own brands and operate passenger and cargo networks on behalf of major international customers including express freight integrators and passenger airlines. STAR Capital has reached agreement with ASL Holdings shareholders, Compagnie Maritime Belge (51%) and 3P Air Freighters (49%), to acquire 100% of the shareholding in ASL Aviation Holdings, subject to customary approvals. The financial terms of this deal are confidential. Hugh Flynn, Chief Executive, ASL Holdings, welcomed today’s announcement as