Ocean Sky receives new capital | Aviation International News

Ocean Sky receives new capital

UK-based business aviation services group Ocean Sky has received a £10 million ($15 million) injection of fresh capital from its private shareholders.

By Matt Thurber • Editor-in-Chief

May 10, 2010

UK-based business aviation services group Ocean Sky has received a £10 million ($15 million) injection of fresh capital from its private shareholders. The company will use the money to fund an ambitious expansion of its FBO and aircraft maintenance activities across Europe and intends to announce these plans later this month. “This investment will allow us to take advantage of our commercial strength and the weaker wider economy to make valuable, previously targeted acquisitions,” said Ocean Sky CEO Stephen Grimes.

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