Bravia Capital (Bravia), a private equity investor based in Hong Kong and HNA Group Company, Ltd. (HNA) of China, announced today that they have completed the acquisition of cargo carrier ACT Airlines (Istanbul). According to the announcement, “The transaction represents the strategic expansion of China’s global footprint into the high-growth marketplace of Turkey and surrounding regions, and allows Bravia and HNA to build a cargo platform to capitalize on the growing Eurasian cargo traffic.”
As a result of the acquisition, ACT Airlines has been rebranded and will now trade as MyCargo Airlines.
Copyright Photo: Rainer Bexten. Please click on the photo for the full details.