Pula Acquires Guernsey-based ASG Group

Guernsey-based Pula Aviation, parent of UK business aircraft operator Centreline, has acquired 100 percent of ASG Group. The acquisition gives it 41,000 sq ft of hangarage at Guernsey's airport, along with ASG Group's 25 percent stake in the ASG operating companies.

This includes ASG Ltd., an EASA 145 maintenance organization specializing in turbine and piston engine maintenance (including for P&WC turboprops that power ATR turboprops) and Fly ASG, an aircraft sales business specializing in turbine models. ASG's revenues have increased by 80 percent over the past three years, Pula said.

Pula Aviation was established in 2015 "to develop business aviation in the Channel Islands and further afield." It acquired Bristol-based Centreline in 2016 and also owns a 25 percent stake in Aiglle Flight Support, a Guernsey Airport-based FBO with a business aviation terminal and 20,000-sq-ft hangar that can accommodate aircraft up to the size of a Gulfstream G650.