MAG Aerospace has acquired commercial charter and on-demand aircraft maintenance service provider Time Saver Aviation LLC for an undisclosed sum.
Announcing the completion of the deal on 19 August, MAG Aerospace CEO Joe Fluet said the deal broadens the US-based company's reach into the federal government market for aerial intelligence, surveillance, and reconnaissance (ISR) and training services.
Time Saver Aviation operates a small fleet of Beechcraft Bonanza, Beechcraft King Air, and Piper PA-31 Navajo propeller-driven aircraft with an FAA Part 135 Air Carrier certificate. It also has FAA Part 145 certification and will be responsible for maintaining MAG's fixed-wing aircraft.
Want to read more? For analysis on this article and access to all our insight content, please enquire about our subscription options at ihsmarkit.com/janes