US general aviation company Lynton Group is in talks to acquire UK company Air Hanson. The aircraft charter and maintenance operation is being sold by its parent company, Hanson, as part of a wider restructuring.
If successful, the sale will be the third acquisition this year for the Morristown, New Jersey-based company. Most recently, Lynton acquired US fixed-base operator (FBO) JetSystems and London Luton Airport-based FBO Magec Aviation, formerly owned by defence electronics and power engineering company GEC.
Although no details of the possible sale have been released, Lynton - which also has operations at Denham in the UK- has secured agreement from Hanson for a 30-day exclusivity period, where no other bids will be considered. Lynton must decide by the end of the term whether it will proceed with the sale.
A decision is likely to be reached by the end of the month.
Camberley, Surrey-based Air Hanson, which owns a Raytheon BeechJet and two Sikorsky S-76s, would complement Lynton's fixed wing and helicopter business - which comprises three British Aerospace Hawker HS-125s, three Dassault Falcon 900Bs, four Eurocopter AS355 Twin Squirrels and one S-76, by broadening the spread of aircraft available.
Lynton continues to eye acquisitions worldwide and is looking at raising funds to support its investment and take-over plan.
Source: Flight International
