Japan Post-owned logistics company TOLL Group is close to buying aeromedical and charter carrier Pel-Air Aviation (PFY, Sydney Kingsford Smith), according to The Australian Financial Review. Pel-Air is a sister carrier of Rex – Regional Express (ZL, Wagga Wagga), which is currently in administration and up for sale.
The newspaper said TOLL had agreed to terms and was expected to sign in the coming days. Pel-Air, which is profitable, operates a PC-24 and five Beech (twin turboprop) 300Cs on behalf of…
Source: ch aviation
Read more: TOLL Group mulls buying Australia's Pel-Air – report