Chapman Freeborn Airchartering announced today (Tuesday) that it had increased its stake in United Kingdom-based Magma Aviation to 75%.
The global aircraft charter company has held a minority holding in Magma since the company was launched in 2010, to commercially and operationally manage the organisation’s wide-body cargo aircraft.
Effective May 1 this year, Magma has also taken operational control of a second B747-400F from Air Atlanta Icelandic as part of its expansion plans.
Magma currently serves a global client base of freight forwarders, block space consolidators, charter brokers and airline partners with regular freighter flights to key niche African hubs, via its cargo operations centre at Brussels Airport.
Chapman Freeborn said in a statement that the new ownership structure would give Magma the financial backing to expand its network of cargo services, as well as affording the company enhanced access to the international ad hoc charter market.
Magma will continue to operate as a stand-alone business, with two of the company’s founding shareholders, Ross Wilson and Tom Wrigley, retaining the remaining share capital and continuing to run the company as joint managing directors.
