Toll close to buying PelAir

[MarkR]

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 the NSW Ambulance Service, and two King Air 300Cs and five 200Cs on behalf of Ambulance Victoria, although ADS-B flight tracking data indicates not all aircraft are in service at any one time.

https://www.ch-aviation.com/news/145...pel-air-report

[Greg Hyde]

CH-Aviation is reporting that Pel-Air HAS BEEN SOLD to Toll Holdings

[Robert.M]

Still requires approval from the Foreign Investment Review Board before the sale can be completed.