South Africa’s Comair acquires Star Air
South African carrier Comair has acquired South African leasing and cargo specialist Star Air, as part of its continuing strategy of diversification. Comair—which is a BAs franchisee and has its own LCC brand, Kulula—said in a stock market filing that it had “acquired the assets to extend its diversification strategy into the leasing of aircraft, while also providing Comair with the expertise and systems to establish a base for heavy maintenance checks on its fleet of [Boeing] 737-800 aircraft.” Star Air SAC is a Part 121 carrier, focusing on the wet, dry or damp leasing on short- to medium-term leases to African airlines. The company also provides aircraft maintenance requirements for its own fleet as well as for third-party aircraft. Comair said it is paying $5.1 million for Star, plus profit share payments.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-06-05/unaligned/south-africa2019s-comair-acquires-star-air
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South Africa’s Comair acquires Star Air
South African carrier Comair has acquired South African leasing and cargo specialist Star Air, as part of its continuing strategy of diversification. Comair—which is a BAs franchisee and has its own LCC brand, Kulula—said in a stock market filing that it had “acquired the assets to extend its diversification strategy into the leasing of aircraft, while also providing Comair with the expertise and systems to establish a base for heavy maintenance checks on its fleet of [Boeing] 737-800 aircraft.” Star Air SAC is a Part 121 carrier, focusing on the wet, dry or damp leasing on short- to medium-term leases to African airlines. The company also provides aircraft maintenance requirements for its own fleet as well as for third-party aircraft. Comair said it is paying $5.1 million for Star, plus profit share payments.<br/>
