IPSWICH businessman Graeme Kalbraier has sold his air charter business SaxonAir to Klyne Aviation.Norwich-based air charter businesses SaxonAir Charter Limited and SaxonAir Flight Support Limited have both been acquired by Klyne Aviation Limited on undisclosed terms, from Mr Kalbraier who also owns Call Connection Limited.
IPSWICH businessman Graeme Kalbraier has sold his air charter business SaxonAir to Klyne Aviation.
Norwich-based air charter businesses SaxonAir Charter Limited and SaxonAir Flight Support Limited have both been acquired by Klyne Aviation Limited on undisclosed terms, from Mr Kalbraier who also owns Call Connection Limited.
Call Connection and its 300-plus staff working from two offices in Ipswich is unaffected by this deal.
SaxonAir comprises a successful private and business aviation air charter business for flights out of Norwich and the East Midlands, a profitable brokering sub-charter business for flights from any European airport and a ground handling and flight support business.
It employs 10 aviation specialists.
Klyne Aviation said it intends developing the business significantly and will immediately introduce its own aircraft to operate alongside those of SaxonAir to modernise and extend the fleet which will then consist of two Beech King Air turbo prop and two executive jet aircraft.
Plans are also under consideration for the construction of a large Business Aviation Centre and Hangar facility adjacent to the existing site at Norwich Airport. The deal will allow the business to grow significantly by combining the resources of both operations and is expected to create new jobs.
Klyne Aviation was advised on the acquisition by Nick Hallett and Stephen Reed of PKF Accountants and Business Advisers and by Adrian Possener of Birketts Solicitors.
The existing shareholders were advised by Richard Hines and Hubert Brandts of Hines Associates and by Keith Lewington of Dunham Law, Solicitors.
Mr Kalbraier said “The acquisition by Klyne Aviation is excellent news and the immediate expansion of the fleet represents a tremendous boost to the business by allowing the Company to offer existing and new customers access to a superb range of modern jet and turbo prop aircraft for business and private charter.
“We wish the new owners every success in the continued development of the business in what promises to be an exciting time.”
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