Chapman Freeborn swoops on Arcus as it targets time critical sector
18 / 06 / 2020
Gediminas Ziemelis, chair of the board, Avia Solutions Group
Charter broker Chapman Freeborn will acquire Arcus Air Logistics and Arcus Air OBC (on-board courier) from the Arcus Air Group as it targets the time critical logistics sector.
Arcus offers air cargo charter and on-board courier services primarily to the automotive industry and also operates two Dornier 228-212 aircraft, as well as “a variety of additional aircraft”.
The two Dorniers will be owned by Chapman Freeborn but will be operated by the Arcus Air Group.
The company has offices in Germany, Spain and Slovakia and will trade under its current name, with Francisco Mühlens continuing to act as managing director.
Alejandro Tapia Haarman, Arucs Air Group managing director, is stepping down today from his management activities in the logistics division.
Chapman Freebron – part of the Avia Solutions Group (ASG) – said that Arcus “brings significant synergies in the emergency cargo logistics space” where Chapman Freeborn has “ambitious plans for future growth”.
Chapman Freeborn chief executive Russi Batliwala said: “We are proud to welcome the highly experienced teams of Arcus Air Logistics to our growing family. This is an opportune time to join forces given the trends in the global cargo logistics space.
“I believe Arcus Air Logistics will further strengthen our group’s business as we continue our strategy of growth through diversification in the niche aircraft charter industry.”
Gediminas Ziemelis, chairman of the board of ASG, added: “While the aviation industry is living through a challenging time, identifying and acting on the right investment opportunities can be a real differentiating factor for businesses who will emerge from this crisis stronger than before.
“ASG is pleased to be able to support the growth of our family of companies; Chapman Freeborn’s latest acquisition is a prime example of our successful cooperation”
Arcus Air Logistics has been established for more than 45 years and over the the 2015-2019 period annual sales were €22m. Financial terms were not disclosed.