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Chapman Freeborn acquires full ownership of Turkish business

Chapman Freeborn Airchartering is delighted to announce the successful acquisition of its joint venture partner’s shares in its Turkish business.

The global aircraft charter specialist now has 100 per cent ownership of Chapman Freeborn Airchartering Ltd Sti, bringing it into line with the rest of the group’s worldwide operations.

The announcement follows a highly successful 2011 for Chapman Freeborn’s Istanbul office - originally established as a joint venture with a local cargo firm in 2006 - and further underlines the company’s long term commitment to the Turkish market.

Tayfun Basak will continue to head the business as country manager for Turkey and the team will welcome new staff to increase its charter operations.

The company is also set to move to new offices in Istanbul’s World Trade Center (pictured right), located within walking distance of Atatürk International Airport.

Peter Joarder, Chapman Freeborn’s chief financial officer, said:

"While we have been successfully doing business in Turkey for several years the acquisition marks a significant commitment to our ongoing growth in the region.

"We have an established team with the aviation expertise and knowledge to further unlock the potential of the Turkish charter market for our clients."

About Chapman Freeborn

Chapman Freeborn is the world’s leading aircraft charter broker, with over 35 years of experience providing specialised air charter solutions for both passenger and cargo movements.

The company was established in the UK in 1973 and now has a network of 32 offices in 24 countries worldwide. Annual group turnover stands at over US $800 million and the company is ranked 21st in the Sunday Times HSBC Top Track 250 league table of Britain's biggest mid-market private companies.

Chapman Freeborn provides specialist private jet and helicopter services for executive travel, as well as larger aircraft charters for corporate groups and incentive travel organisers.

Its global expertise in supplying private charter solutions for the entertainment industry also sees a number of high-profile VIP clients calling on its services for tour flights and promotional launch events.

As more companies enter the global marketplace and tourists travel further afield than ever before, governments and private corporations also call on Chapman Freeborn for emergency evacuation and repatriation flights in the event of unforeseen circumastances.

Alongside passenger services, Chapman Freeborn offers cargo charter and on board courier (OBC) services for international freight forwarders and humanitarian agencies, as well as clients from sectors including energy and the automotive industry.

International freight forwarders and airlines voted Chapman Freeborn Air Cargo Charter Broker of the Year at the World Air Cargo Awards in 2007, 2008, 2009, 2010 and 2011.

Istanbul office address (from December 16 2011):

Chapman Freeborn Airchartering Ltd. Sti

EGS Business Park Bloklari Ye?ilköy Mahallesi Atatürk Caddesi no:12/1 B1 Blok K:4 NO:202 Ye?ilkoy

Tel: +90 212 663 8808

Email: ist@chapman-freeborn.com

Web: http://www.chapman-freeborn.com

14th December 2011