Frontier Services Group Limited (SEHK: 00500) has entered into definitive investment agreements to acquire a major stake in Maleth Group, an aviation services business based on the southern European island nation of Malta.
The addition of Maleth to the platform will enhance FSG´s ability to link routes from north and west Africa to Asia, Europe, and beyond.
Maleth provides a broad scope of aviation management services, including the management of aircraft flight and cargo operations, the staffing of qualified pilots and crews, and the provision of maintenance and insurance. Maleth also fulfills the charter and regulatory service requirements of owners and operators of private and commercial aircraft registered throughout the world.
The pending transaction follows several other announcements from FSG in 2015 where the company has acquired or otherwise expanded through strategic investment its aviation, trucking and warehousing capabilities across the African continent.
Following completion of the investment, O´Brien will remain as CEO of Maleth and will assume a broader set of management responsibilities for FSG moving forward.
Frontier Services Group Limited is a publicly listed company on the Hong Kong Stock Exchange with operational headquarters in Johannesburg, South Africa, and Nairobi, Kenya.