Deal Announcement: Corbett Keeling advised Air Charter Service Ltd on a management buy-out

Corbett Keeling is delighted to announce that Air Charter Service Ltd (“ACS”), a global provider of executive jet, commercial jet and cargo aircraft chartering services, has completed a successful share buy-back.  Corbett Keeling originally advised Chris and Tina Leach, founders and owners of ACS, on the sale of a minority stake in their business to Alcuin Capital in 2016 and are now delighted to have been able to help them and their management arrange an exit for Alcuin, in a second transaction, some six years later.

About the deal:
Funding for the transaction was negotiated with multiple sources and, despite headwinds arising from a challenging economic landscape post-Covid, Corbett Keeling worked with the key stakeholders to structure a lending package that best suited the interests of ACS, ultimately arranging a multi-tranche solution with two lenders.

About Air Charter Service:
ACS is a global provider of executive jet, commercial jet and cargo aircraft chartering services. Founded by Chris Leach in 1990, it has grown to operate from multiple offices across six continents. Since its inception, the company has gone from strength to strength and now provides a full suite of services covering private, group and cargo charter, as well as a range of specialist chartering solutions.