Dublin aviation firm to acquire group of airlines

A Dublin-based aviation company has confirmed plans to acquire a group of airlines that will bring its list of affiliate carriers to seven.

ASL Aviation Group has signed an agreement to acquire the Farnair Group of companies in a deal that is expected to be finalised before the end of the year, once all regulatory and customary approvals are received.

ASL owns, operates, and manages a fleet of nearly 90 jet and turboprop aircraft, providing capacity for up to 147 passengers or 40 tonnes of cargo.