David Neeleman acquires a 32% share in Aigle Azur

Aigle Azur Transport Aeriens (2nd) Airbus A320-214 F-HBIB (msn 3289) BSL (Paul Bannwarth). Image: 924048.

David Neeleman, who has been involved in the founding of four airlines, Morris Air, WestJet, JetBlue Airways and Azul Brazilian Airlines, and a part owner of another airline, TAP Portugal, has acquired a 32% share of Aigle Azur from the Weaving Group.

The Weaving Group made this annopuncement (translated from French):

“The Weaving Group announced Thursday (November 16, 2017) that it has sold its minority stake of 32% in Aigle Azur, France’s second-largest airline, to David Gary Neeleman, a specialist in the sector.

Weaving (formerly GoFast) bought Aigle Azur in 2001 and decided to open its capital in 2010 to extend its model to the long-haul sector. In 2012, the Chinese group HNA entered the capital of the French company.

The Weaving Group is present in various sectors of activity such as transport and logistics (GoFast Freight Forwarding, GoFast Travel, Helifirst), communication (Dagobert) and investment (Weaving Invest).

Aigle Azur, created in 1946, employs some 1,200 employees. The airline serves Algeria, Portugal, Mali, Guinea, Lebanon, China and Senegal and carries around 2 million passengers a year.

The remaining 68% of the capital is held by Lu Azur (20%) and HNA Group (48%).”

Copyright Photo: Aigle Azur Transport Aeriens (2nd) Airbus A320-214 F-HBIB (msn 3289) BSL (Paul Bannwarth). Image: 924048.

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