iAero Group – a leading integrated aviation platform business headquartered at Miami International Airport – has completed the acquisition of Swift Air – an independent airline charter business in the US.
Swift Air now joins engine MRO AeroThrust and airframe MRO AeroTech under the iAero Group integrated aviation platform family. No financial details of the acquisition were revealed.
Swift Air will now have access to iAero Group’s MRO capabilities to build and maintain the highest quality and most flexible fleet of aircraft in the market.
“We are extremely excited to welcome Swift Air to our family of businesses,” said iAero Group chief executive officer (CEO), Robert Caputo. “Swift Air will immediately benefit from our MRO and aircraft refurbishment capabilities and can further expand its capacity with our owned Boeing 737 aircraft.”
Swift Air’s CEO, Jeff Conry said: “we have been looking forward to joining iAero Group to leverage their capabilities to provide industry leading aircraft and service levels and have access to new capital to refresh and expand our fleet.”
Swift Air is the largest airline charter business in the US operating a fleet of 30 Boeing 737 aircraft.