Alpine Air Express acquires substantially all of the assets of Great Lakes Airlines

Alpine Air Express, Inc., a logistics and transportation company providing regional air cargo services throughout the Mountain Western region of the United States, announced today that is has acquired 27 airplanes and associated engines, propellers, spare parts and ground support equipment from Great Lakes Airlines.

Alpine is a portfolio company of AE Industrial Partners, LP, a private equity firm specializing in Aerospace, Defense & Government Services, Power Generation, and Specialty Industrial markets.  Terms of the transaction were not disclosed.

About Alpine Air Express

Headquartered in Provo, Utah, Alpine is a leading Part 135 air cargo operator with a long and distinguished history providing its customers with safe and reliable air cargo transportation services primarily throughout attractive growth markets in the Mountain Region of the Western United States.  Alpine operates a growing fleet of aircraft and owns a proprietary Supplemental Type Certificate (STC) to convert the Beechcraft 1900D aircraft from passenger configuration to cargo configuration, making it the largest single pilot cargo aircraft in the world.

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