Aviation News Item: 01013

3rd Sep 2009

Source: fly-corporate.com

Ocean Sky has taken a majority stake in Triple Alpha, a German private jet management and charter company.

The deal is the first acquisition by UK-based Ocean Sky since the company announced it was spending £32 million on expansion this year. The acquisition effectively doubles the size of Ocean Sky's managed aircraft division, giving the company a particularly strong presence in Germany, an important European private jet market. It also significantly increases the number of aircraft that Ocean Sky has under management to 32 in total.

Triple Alpha, which was founded 14 years ago and is based in Dusseldorf, operates principally in central Europe.

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