Airbase Interiors, a UK-based aviation interiors and support company, has announced the successful completion of its management buy-out. Airbase’s operational management team, Edward Dyer (operations director) and Huw Jenkins (commercial director), along with new investors Ben Russell (CEO) and Chris Williams (director) have now taken full control of the new company, Airbase UK Interiors Ltd.
Airbase was founded in 2005, and manufactures aircraft seat covers and curtains, as well as providing on-wing cabin maintenance, dry cleaning, antimicrobial fabric treatment, carpet cutting and laying, cabin interiors, supply chain management, and textiles. Headquartered near London Gatwick Airport, Airbase employs 43 staff in the UK.
Ben Russell, CEO, commented, “The company’s aim is to cement its existing market position as customers look to secure their supply chains, whilst broadening our range of services offered and expanding into adjacent markets”.
Geoff Rowley and Phil Armstrong of business advisory firm FRP were appointed as joint administrators of Airbase’s former parent company Trenchard Aviation Group on 3 July 2020 and have since marketed the group’s businesses and assets for sale while maintaining operations.
The deal was completed by a team from FRP’s restructuring practice, comprising Geoff Rowley, Steve Baluchi and Christopher French. Financial details of the transaction are undisclosed.
Steve Baluchi, a senior manager at FRP said, “Huw and Edward know the Airbase business exceptionally well and have worked quickly to pull together a proposal for its future. Their plans have attracted private investment which will provide critical support for their ongoing operations and protect the supply chain of a number of key customers across the international aviation industry. We wish them all the best.”