CFS Aviation Group Takes Flight with New Ownership Structure in South Africa
In an exciting development for the aviation industry, South Africa’s CFS Aviation Group has announced the conclusion of its 12-year partnership with Comair. The shift comes after Parrott Aviation, a subsidiary of Federal Airlines (FEDAIR), acquired a significant 50% stake in the company, signaling a new era for CFS. This strategic change not only marks the retirement of the Comair Flight Services name but also paves the way for a rebranding that encompasses a fully independent and integrated business aviation group.
Justin Reeves, the co-founder and CEO of CFS Aviation, has taken the bold step of acquiring the remaining shares from minority shareholders. Speaking on the transformation, Reeves expressed enthusiasm about this new chapter in the company’s journey. “This marks an exciting new chapter in the CFS journey,” he stated. “With our new structure, we’re reinforcing our long-term vision and fortifying our shareholder base while maintaining our operational independence.”
This shift promises to enhance the level of service that clients have come to expect from CFS, with Reeves assuring that customers will continue to receive the same exceptional service, safety, and professionalism they’ve enjoyed, now infused with renewed energy and focus.
Parrot Aviation’s involvement introduces an ownership structure that emphasizes inclusivity, featuring majority Black ownership and representation by Black women. Despite this significant change, both CFS and Fedair have reiterated their commitment to remaining completely independent entities. This collaboration is likely to help sharpen the company’s focus, further enhancing the aviation experience for customers.
CFS Aviation Group, headquartered at Lanseria International Airport, offers a comprehensive suite of services—from aircraft management and charter services to sales and Fixed-Base Operator (FBO) services. As the company embraces its new identity, the aviation community will be watching closely to see how these changes enhance their service offerings.
With this significant transformation, CFS Aviation Group is well poised to soar to new heights in the vibrant South African aviation market, providing innovative solutions while fostering inclusivity in the industry.
—
Tags: #SouthAfrica #WorldNews #BusinessNews #Aviation
