Avinode and CharterX are joining forces to form what will be the executive charter market’s largest online portal. Avinode is buying out the CharterX shares for an undisclosed sum. The deal should be closed by early this month, at which point the two companies’ technical teams will start integrating the rival systems.
According to Avinode chief executive Niklas Berg, the merger will mean that aircraft charter operators and brokers will have to use only one site to trade in a global marketplace, saving time by not having to update data to two separate sites. Avinode has become the leading online portal in Europe, while CharterX has been the market leader in the U.S. Now the two companies want to extend the reach of their combined charter data and booking request platform into key emerging markets for charter such as the Middle East and Asia.
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