Story ID: 
AFV Partners Buys RocketRoute
By: Chad Trautvetter
Caption: Private-equity firm AFV Partners today acquired UK-based business aviation flight-planning, fuel, concierge, and marketplace services provider RocketRoute.
Word Count: 213
Private-equity firm AFV Partners today acquired UK-based business aviation flight-planning, fuel, concierge, and marketplace services provider RocketRoute for an undisclosed amount from Alyssum Holdings. Alyssum, which bought RocketRoute in February 2018, filed for administration last month and retained Hilco Streambank to manage offers for its holdings in Fly Victor and RocketRoute.

Argyle, Texas-based AFV Partners last year acquired Aircraft Performance Group, which provides aircraft performance, weight and balance, and flight planning software solutions. It now plans to “leverage APG and RocketRoute’s core offerings to create a seamlessly-integrated weight and balance, runway analysis, flight-planning, and services platform for the global aviation market,” said AFV Partners chairman and CEO Tony Aquila.

According to AFV Partners, the addition of RocketRoute brings access to new flight planning capabilities that will enhance APG’s latest app, iPreFlight Genesis, with particular focus on European routing and filing. “Our customer-product roadmap will be greatly accelerated by working directly with the RocketRoute team, who shares our commitment to serving the global market with apps and services that enhance safety, security, and efficiency,” said APG CEO Mike Caflisch.

RocketRoute was co-founded in 2010 by Uwe Nitsche and Justin Coelho, and the pair will continue in their leadership roles at the company under AFV Partners’ ownership.