50 SKY SHADES - World aviation news

TAG Aviation Holding announced the sale of its remaining investments

Download: Printable PDF Date: 20 Aug 2020 13:15 (UTC) categories:
Publisher:
TAG Aviation Holding announced the sale of its remaining investments - Finance publisher
Dana Ermolenko
Aircraft: Airplanes

TAG Aviation Holding announced the sale of TAG Aviation SA and the company’s 51% share of TAG Aviation Asia to its joint venture partner in Asia, Young Brothers Aviation Ltd. and another private investor.  The sale of the two charter/management businesses follows the recent divestiture of TAG Farnborough Airport and TAG’s various maintenance and FBO businesses earlier this year.  TAG Europe and TAG Asia will continue to trade under the name and logo of TAG Aviation, and several of the current directors will remain on the boards of the two companies.

Following the sale of the companies, Daniel Christe will move to a board position, and Jo Goodall, a long-term TAG employee, will replace him as CEO of TAG Aviation Europe.  At TAG Aviation Asia, current CEO Jolie Howard will be replaced by Steven Young, who is now serving as President of TAG Aviation Asia.

Roger McMullin, Chairman of TAG Aviation Holding remarked: “Young Brothers Aviation has been a trusted partner of ours for over twenty years, and we are pleased that they have chosen to increase their ownership stake in the charter/management companies.  Their presence, combined with the continuity of board membership, assures our customers and employees alike that the culture and values that have characterized TAG Aviation over the past fifty-plus years will remain.”  



Loading comments for TAG Aviation Holding announced the sale of its remaining investments...


Recommended

Wisk and the City of Sugar Land, Texas, partner to bring autonomous Air Taxis to the Greater Houston region

Wisk Aero and the City of Sugar Land, Texas, have entered into a partnership to bring autonomous Advanced Air Mobility to the Greater Houston region. Under this new partnership, Wisk an...

Embraer and Scoot sign agreement for Embraer Collaborative Inventory Planning

Embraer and Scoot signed a contract for the Embraer Collaborative Inventory Planning, a tailored expendable spare parts inventory management program designed to assist customers reduce operational cos...

Honda Aircraft Company to introduce Certified Pre-owned Program in Asia at Singapore Airshow

Honda Aircraft Company is set to introduce Certified Pre-owned  program to the Asian market at Singapore Airshow. Honda Aircraft Company CPO comes with a rigorous 208-point inspection and a...

Microflite adds new five-bladed H145

Australian commercial aircraft operator Microflite has ordered a second five-bladed H145 to support its growing training, commercial, utility, fire observation and rescue operations.Microflite is...

Mobile Apps development The drones news