According to eTurboNews, the Frontier Services Group will acquire the remaining 51% stake in Phoenix Aviation, just months after acquiring a 49% stake in the Wilson Airport-based airline at a cost of $14 million.
The Kenya Civil Aviation Authority has granted Phoenix charter rights from Nairobi to China, although it is not clear if the current fleet of aircraft, which includes four Citation C550’s, one Citation C560 and a MD 83, among others, will be used for such flights, or if Phoenix will purchase a long-haul aircraft for the purpose. A new board of directors and top management is likely to be appointed by the new owners in due course.
Frontier also acquired a 49% share in Kijipwa Aviation just a few weeks before buying into Phoenix, a move which surprised pundits as Kijipwa Aviation, based in Kilifi, has a reputation for focusing on flight training and only operates a small fleet of light aircraft.