Motieka & Audzevičius Corporate and M&A team has advised Avia Solutions Group – the largest aerospace group from Central & Eastern Europe offering aviation services worldwide, while conducting activities from 67 international offices and production stations, on cross-border acquisition of Bluebird Nordic – cargo airline headquartered in Iceland. The target provides wet lease services to integrators like ASL/FedEx, UPS and DHL, charter brokers as well as other cargo airlines in Europe.
Our Corporate and M&A team represented the client in all stages of the transaction – from the early stages of negotiations, drafting of the share purchase agreement to closing procedures. Also, we assisted with the due diligence process and helped the client to assess the potential risks of this transaction, including aviation-related peculiarities.
Chairman of the Board of Directors of Avia Solutions Group noted that with this new acquisition, Avia Solutions Group takes another step forward in diversifying its areas of expertise in the global aviation market. As the largest passenger ACMI group in Eastern Europe and considering the current changes in the aviation sector, which come with a growing demand not only for narrow-body but now also for wide-body cargo services, Avia Solutions Group is glad to be adding Bluebird Nordic’s portfolio to group’s operations.
This transaction is yet another milestone for our team of lawyers and standing as an aviation law firm as it grows our involvement in aviation industry related deals and expands geography for successfully advising the clients on transactions in aviation.