Parc Group sells off its aviation unit for €30 millon

THE Parc Group has sold its aviation unit for an estimated €30 million.

Oxford Aviation Academy (OAA), which is majority owned by investment fund Star Capital Partners, finalised the deal to acquire Dublin-based Parc Aviation, the world’s largest supplier of leased flight crew to airlines on Monday.

The deal follows on from the sale last December of Parc’s other, smaller operating division, Parc HR Services and represents an end to trading activities by Parc Group.