Guernsey-headquartered business aviation portfolio company Pula Aviation Services Ltd (PASL) has further expanded its portfolio of aviation businesses with the acquisition of UK-based aircraft spare parts distributor Airpart Supply.

As an established aircraft parts supplier, Airpart's network and location provide distribution services for leading aircraft component and equipment manufacturers.

CEO Steve Page says: “At PASL we are focussed on growing our position in business aviation, and we are delighted to be broadening our capabilities with the acquisition of Airpart which has valuable synergies with the rest of the group. This deal presents us with exciting new opportunities for growth.”

Non-executive chair Tanya Raynes adds: “This strategic acquisition demonstrates our commitment to grow PASL into a diverse, highly capable and profitable aviation enterprise. 2022 will be an exciting year with significant opportunities ahead of us.”

Airpart founders David McHugh and Rob Allen will be staying on with the business in a leadership capacity, ably supported by a strong second tier management team.

“The combination of Airpart's people and position in the market, backed by PASL and its resources, makes for a formidable team. It is clear both companies share the same culture, ethos and approach to business. This new structure will allow Airpart to take full advantage of the opportunities ahead," says McHugh. "We are excited to be able to accelerate several current projects, including an increased presence in the European mainland. We look forward to continuing successful growth, offering expanded scope for both customers and the manufacturers we proudly support and represent.”

Airpart will be joining PASL's other group operating companies Centreline, a Bristol-based full service business aviation operator, and Guernsey-based MRO and FBO service provider ASG.