Interjet Acquired, Plans Growth in Southern Africa

 - March 12, 2009, 9:32 AM

Interjet Group, based at Lanseria International Airport in South Africa, has been purchased by Paul Ludick and TEIM Ventures. The group’s businesses include Interjet Avionics, Ameta Training Academy and Interjet Maintenance, which specializes in Embraer EMB-120s, King Airs, Hawkers, Learjets, Citations and Gulfstreams. Plans call for rebranding Interjet, which is also the local sales and support agent for Spectrum Aeronautical’s in-development S.33 and S.40 all-composite jets. “Our plans are to grow our maintenance and avionics capabilities in Southern Africa, as well as to expand further into Africa as there is a need for this,” said Ludick, managing director of the new company. Many Interjet customers fly from Nigeria, Mali, Angola and the Democratic Republic of Congo, he said, and the business climate in South Africa remains strong. “Due to being a third-world country, there is no direct impact from the recession. However, there could be a slight dip in June/July this year that could last until the second quarter of 2010 whereby it should recover prior to the 2010 soccer world cup.”