Compass Air Cargo is a new joint-venture between Mesa Air Group and Gramercy Associates Ltd.
Previously in March 2021, Mesa Air Group, Inc. announced it had entered into a conditional agreement with Gramercy Associates Ltd. based in London, England to develop a European based joint venture. The joint venture will apply for a new Air Operator’s Certificate (AOC) in the European Union with the goal of introducing a Capacity Purchase Agreement or ACMI (Aircraft, Crew, Maintenance, and Insurance) in passenger or cargo services in Europe. Gramercy Associates is headed by Tony Davis, former CEO of Tiger Airways and bmibaby.
Under the agreement, Mesa owns 49% of the partnership.
The new airline has received its AOC and is now flying in Europe.
Copyright Photo: Compass Air Cargo Boeing 737-85F WL LZ-CXA (msn 28826) CGN (Rainer Bexten).