Avia Solutions, the aerospace business group, signed an agreement with the BB Holding ehf., advised by Barons Capital Partners, to acquire 100 per cent of the shareholdings of Bluebird Nordic.

Founder and chairman of the Board of Directors of Avia Solutions Group, Gediminas Ziemelis, said he was pleased with the investment in the aviation specialist company. “With this new acquisition, Avia Solutions Group steps into the narrowbody ACMI cargo business.

“Being the biggest passenger ACMI group with one of the largest corporate airlines in Europe, we were actually missing cargo operations. Narrowbody demand is growing fast, driven by electronic trade and others.

“Today, we own seven AOCs in various countries and our plan is to achieve synergy between pilots’ pool, maintenance and lease costs.”

Bluebird Nordic uses a fleet of six aircraft and operates scheduled as well as charter flights under its own brand. The airline also offers cargo export and import services from and to Iceland, serving more than 100 locations worldwide.

“We are happy that Bluebird is now a member of Avia Solutions Group and look forward to working with the new owners to grow and strengthen the company. We are certain that the company, its employees and customers will feel the benefits of belonging to such a strong aviation industry player”, said managing director of Bluebird Nordic Steinn, Logi Björnsson.

As a part of Avia Solutions Group, Bluebird Nordic is expected to develop further, expand its existing service portfolio and improve its operation. The company provides a wet lease service to integrators like ASL/FedEx, UPS and DHL, charter brokers as well as other cargo airlines in Europe.

Bluebird Nordic also serves the general air freight market to and from Iceland with interline connections with UPS, Emirates and Aer Lingus to more than 100 destinations worldwide.