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Portfolio

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Sector

Transport and Logistics

Location

Republic of Ireland

Entry date

June 2019

Exit date

N/A

Fund

STAR III

Status

Current


Overview

In June 2019, STAR completed the acquisition of ASL Holdings (“ASL”).

With its fleet of c. 130 aircraft, ASL is a leading global aviation services business and Europe’s largest provider of aircraft wet leasing (“ACMI”) capacity to the growing express and ecommerce logistics sector. ASL also provides long & short haul cargo charter across Europe & Asia as well as a domestic low-cost carrier service in South Africa through its subsidiary Fly Safair. The business has been built by a strong and experienced management team with a combined tenor of >60 years who will be investing alongside STAR.

STAR aims to support the management team in its strategy of continuing to provide a safe and reliable best in class service to all customers, expanding to new geographies, becoming the leading growth partner to the e-commerce sector and drive operational efficiencies.

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