Parties
Company
Aviation Starlink Inc.
Company
Chrono Aviation Inc.
On November 8, 2024, Aviation Starlink Inc., controlled by Pierre Karl Péladeau, acquired key assets of Chrono Aviation Inc. and affiliates, including Services Aériens Lux Inc., through a court-approved restructuring under the Companies’ Creditors Arrangement Act. The transaction involved equity investments, debt financing, and a reverse vesting order to shed liabilities and unwanted assets. Aviation Starlink also provided post-closing operational funding.
Osler, Hoskin & Harcourt LLP advised Aviation Starlink with a multidisciplinary team covering corporate, insolvency, financial services, real estate, labor, and tax matters.
Deal Type
Merger & AcquisitionIndustry
TransportationTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
16 November 2024