Acquisition by Arcadia closes book on Wayfarer | Aviation International News

Charter & Fractional

Acquisition by Arcadia closes book on Wayfarer

On June 11, charter/management company Wayfarer Aviation received bridge financing from Arcadia Aviation to continue operations, then four days later Ar

By Matt Thurber • Editor-in-Chief

June 28, 2010

On June 11, charter/management company Wayfarer Aviation received bridge financing from Arcadia Aviation to continue operations, then four days later Arcadia president Robert Garrett announced that it had signed a purchase agreement to buy Wayfarer Aviation.

According to Arcadia, all of Wayfarer’s clients were contacted and told that the Wayfarer operations team would continue working and that the two companies–both Argus Platinum rated and IS-BAO registered–would be combined. Part of the reason for buying Wayfarer, according to Garrett, was to add the company’s 10-or-more-seat charter certificate to Arcadia’s operation. He said the combined companies will be operated under the Arcadia name.

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