Aviation Starlink Acquires Certain Assets of Chrono Aviation Affiliates; Invests in Chrono Group
November 8, 2024
On November 8, 2024, Aviation Starlink Inc. closed the acquisition of certain assets of Services Aériens Lux Inc. and other affiliates of Chrono Aviation Inc., and completed related equity and debt financing for the Chrono Group. The transaction was approved by vesting and reverse vesting orders under the Companies' Creditors Arrangement Act (CCAA), and Aviation Starlink will also act as lender to fund the Group's operations post-closing. Aviation Starlink is an aviation-services operator controlled by Pierre Karl Péladeau and is headquartered in Dorval, Quebec.
- Buyers
- Aviation Starlink Inc.
- Targets
- Services Aériens Lux Inc., Chrono Aviation Inc., Chrono Group
- Industry
- Transportation
- Location
- Quebec, Canada
- Transaction Type
- Buyout
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