Ocean Sky FBOs Bought After Charter Division Collapses

AINalerts » September 20, 2012
September 20, 2012, 4:22 PM

Ocean Sky’s FBO and maintenance businesses have been acquired following the sudden liquidation of the UK-based group’s aircraft charter and management businesses. Cyprus-based RSS Enterprises announced the acquisition of Ocean Sky Jet Centre, Ocean Sky Engineering, Ocean Sky Aircraft Interiors and Ocean Sky Jet Centre (Prestwick) this week.

A September 7 creditors meeting appointed financial group Duff & Phelps to act as liquidator for Ocean Sky’s charter, management and brokering subsidiaries. Ocean Sky Aviation, Ocean Sky Aircraft Charter and Ocean Sky Aircraft Management all ceased trading on August 21 and have now been declared insolvent and unable to pay their debts.

According to newly appointed group managing director Eddie Allison, RSS Enterprises will now operate Ocean Sky’s FBOs at London Luton Airport, Manchester Airport and Prestwick Airport in Scotland under the RSS banner, as well as the associated aircraft engineering operations and its own charter brokering activities. RSS also said it will complete the $13 million redevelopment of its Luton facility, where it occupies a new building immediately adjacent to its main hangar and engineering site. In addition, it will continue to run Ocean Sky’s two Spanish FBOs on the islands of Menorca and Ibiza.

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