iAero Group (Miami), a leading integrated aviation business, has signed a deﬁnitive agreement to purchase Swift Air (USA), the leading independent US airline charter business.
The transaction is subject to regulatory approvals and is expected to close in Q1, 2019. With the pending acquisition of Swift Air, iAero Group will add to its portfolio of aviation businesses acquired since its inception earlier this year including the leading engine MRO and leasing company, AeroThrust and airframe MRO AeroTech. iAero Group is headquartered in Miami along with its MRO service businesses on a campus with more than 350,000 square feet of office and MRO space at Miami International Airport.
“Bringing Swift Air into the iAero Group creates an integrated aviation services platform and will enable the airline to leverage our capabilities to further their already exemplary customer service and impeccable safety record through access to our high quality, efﬁcient, stateside maintenance services,” says iAero Group Chief Executive Officer, Robert Caputo. “In addition, with our aircraft acquisition capabilities in our engine and airframe leasing division we have developed a pipeline of assets that will allow Swift Air to meet its customers growth needs in a manner that is unmatched in the industry.”
Jeff Conry will remain as the leader of Swift Air as its CEO. Jeff brings over thirty years of airline management experience and will be a welcomed addition to the iAero Group management team.
Top Copyright Photo (all others by Swift Air): Swift Air (2nd) (USA) Boeing 737-401 N420US (msn 23988) BWI (Tony Storck). Image: 939056.
Swift Air aircraft slide show: