Ocean Sky is accelerating its plans to become a major international business aviation services group with the acquisition this month of FBO operations in Spain and Italy. The UK-based company has just completed the takeover of Spain’s Aviation Handling Assistance (AHA) and has signed a letter of intent to buy a controlling stake in Euroloa, an established FBO at Bologna in Italy. The AHA deal adds three FBOs in Spain to Ocean Sky’s growing network, which will soon include 13 bases around Europe. These bases are in Ibiza, Valencia and Mahon (on the island of Menorca). Ocean Sky CEO Stephen Grimes told AIN that by year-end the company will add three more FBOs in Spain. They will be located in major Spanish cities that have yet to be disclosed. In Italy, Ocean Sky has also bought a company called Open Sky Italy, which will become the legal foundation for its new Italian subsidiary. Grimes also has plans to expand in Italy, where Ocean Sky wants to open at least two more FBOs. “There are examples of companies breaking monopolies there, and we are comfortable that now is the right time [to open businesses in Italy],” said Grimes.
Ocean Sky Has Sky-high Plans for More FBOs
- May 5, 2010, 8:13 AM