Regional air cargo services provider Alpine Air Express has purchased all the assets of US operator Great Lakes Airlines.
As part of this deal, Alpine has acquired Great Lakes Airlines’ 27 airplanes and related engines, propellers, spare parts and ground support equipment.
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The two sides have not disclosed any financial details of the transaction.
Great Lakes Airlines ceased its scheduled passenger flight operations in March 2019. It owns a fleet of 28 Beechcraft 1900Ds and six Embraer 120 Brasilias aircraft.
Alpine CEO Michael Dancy said: “This acquisition is highly strategic for our company, significantly expanding our market presence and ability to serve our customers.
“We are excited to grow our fleet, maintenance support and spare parts availability while also utilising our proprietary supplemental type certificate (STC) to convert these acquired Beech 1900D aircraft into our expanding cargo operations.”
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By GlobalDataHeadquartered in Provo, Utah, Alpine is one of the leading Part 135 air cargo operators in the Mountain Region of the western US.
The company is a portfolio company of private firm AE Industrial Partners (AEI).
Earlier last month, AEI acquired Adcole Maryland Aerospace (AMA) from Adcole Corporation, a portfolio company of Artemis Capital Partners.
AEI senior partner Jon Nemo said: “We partnered with Alpine to help the company solidify and grow its leading market position, providing regional air cargo transportation service.
“This acquisition is a further testament to our strategy of building our fleet and infrastructure to meet the growing demand for regional air cargo transportation in our targeted geographies.”
