Fly Victor buys back European private jet charter marketplace

Fly Victor Ltd., a UK-based private jet charter company, has announced it has secured financial backing from a consortium of former investors and regular flyers to buy back the on-demand charter service, the company said.

Following a competitive bidding process, Victor is free to chart an independent future that will allow the company to maintain its commitment to challenging business aviation to decarbonise in a matter of years rather than decades.

Victor has been acquired as a going concern from the joint administrators of Alyssum Holdings Ltd, Paul Cooper and Paul Appleton of the specialist restructuring firm David Rubin and Partners.

The consortium of investors have preserved 20% of the company´s share capital for its management and staff in recognition of their role in helping to establish the company.