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Last updated on April 23, 2014 at 21:24 EDT

Monarch Air Group, LLC Has Completed its Merger With Worldwide Aviation Group, LLC

March 28, 2012

MIAMI, March 28, 2012 /PRNewswire-iReach/ — Worldwide Aviation Group, which has completed its merger with Monarch Air Group, is the provider of fixed and rotary wing aircraft in the Middle East and Africa (Mil-8, Mil-8 MTV, Ka-32, Mil 171, Mil-26) to government and non-government organizations.

(Photo: http://photos.prnewswire.com/prnh/20120328/CG78351)

Monarch Air Group is a FAR part 135 aircraft operator based in Ft. Lauderdale, FL. The company operates a fleet of aircraft, offers jet management and provides on demand charters of private jets and other corporate aircraft. The merger will complete the aviation related solutions portfolio currently offered by Worldwide Aviation Group, which includes long term ACMI (Aircraft, Crew, Maintenance and Insurance) leases and will enlarge the operational specs of both companies.

As a united entity, Monarch Air Group and Worldwide Aviation Group, offer a one-stop solution for aircraft lease and charter. Monarch Air Group offers high end, on demand charter of private jets, aircraft management solutions and on demand AOG cargo shipments. Worldwide Aviation Group currently provides for long term ACMI leases in Africa and the Middle East, of rotary and fixed wing aircraft.

The Boards of both companies have expressed a bright outlook for the newly opened aircraft lease and charter opportunities towards the new markets opened for each entity. It has been determined that both companies will remain independent corporations, in order to maximize the competitive advantages in the industry of both corporations – Monarch in the private jet industry and Worldwide Aviation in the long term ACMI lease.

About Monarch Air Group

Monarch Air Group is a FAR part 135 on demand aircraft operator headquartered in Ft. Lauderdale, FL with additional locations in New York, Barbados and Canada. The company offers on demand charter of private jets on a pay-as-you-go basis. This method of air charter allows for flexibility of aircraft type, increases the competitiveness of the rates and provides for additional advantages such as increased/decreased passenger capacity, increased short runway capabilities and simply upgraded air charter at a reduced rate.

Monarch Air Group provides high-quality aircraft management for selected clients.

Monarch Air Group also provides on demand cargo and AOG shipping. AOG -aircraft on the ground is a definition of a time sensitive item which holds an aircraft on the ground or a production line at a standstill position. Monarch Air Group provides for 24/7 on time solutions, based on its fleet of aircraft and on other carefully selected operators.

Media Contact: David Gitman, Monarch Air Group LLC, +1 954 359 0059, info@monarchairgroup.com

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SOURCE Monarch Air Group LLC


Source: PR Newswire