Arcus Air Group sells cargo division to Chapman Freeborn
Arcus Air Group has sold its logistics division consisting Arcus Air Logistics and Arcus On Board Courier to aircraft charterer Chapman Freeborn. The takeover is expected to bring synergies in the emergency cargo logistics space where Chapman Freeborn “has ambitious plans for future growth.”
The Arcus Air Group is a private European airline with affiliated cargo brokerage operations at various European locations. With its 24/7/365 service and its own fleet of aircraft, it offers exclusive passenger service in business and private jets.
For the industry, it has been in service until today in the area of urgent air cargo, especially ad hoc air cargo charter and onboard courier services. The logistics division of the company is very strongly oriented towards the automotive industry.
Arcus Air Logistics provides cargo charter services with its own fleet of two Dornier 228-212 aircraft and a variety of additional aircraft. Over the 2015-2019 period, the company’s average annual sales were 22 million euros.
Chapman Freeborn says Arcus Air Logistics is a valuable addition to the company’s service portfolio and expects significant synergies in the emergency cargo logistics space where Chapman Freeborn “is a leading player with ambitious plans for future growth.”
Arcus Air Logistics has representative offices in Germany, Spain and Slovakia and will keep trading under its current name. Following the sale, Arcus Air Group will focus on the airline and executive aviation says managing director Alejandro Tapia Haarmann, who is stepping down from his management activities in the logistics division.