Wings Magazine

London Air Services up for sale

Richmond, B.C. - Richmond-based private jet charter firm London Air Services is up for sale as the Louie family wants to get out of the executive travel business, company president Wynne Powell confirmed Monday.

April 21, 2015  By The Vancouver Sun

“There has been a change of direction with the Louie family, where they want to cash out certain things, and they have asked me to liquidate the airline,” he said in an interview.

But Powell stressed the company remains profitable and noted several “parties of substance” have already expressed an interest in buying the entire operation.

The H.Y. Louie Group, which also owns London Drugs, Sonora Resort and IGA and Fresh St. Market stores in B.C., launched LAS in 1999. Its current assets include two Challenger 605 jets, five Learjet 75 aircraft and three AW139 helicopters, along with airport hangars and parking lots. | READ MORE



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