A small, operational airline based in Uganda is for sale. The airline is owned by a group of companies; the transaction will be structured as the sale of this group to a new owner.
Airline Assets:
- A valid Air Operator Certificate (AOC), which requires activation.
- A valid Approved Maintenance Organization (AMO) certificate.
- One airworthy Lockheed L-100 aircraft (the civilian version of the C-130)—currently being deregistered in Papua New Guinea, with the option to be re-registered in Uganda, where it was originally registered. It is in airworthy condition and can conduct commercial flights once the legal re-registration process is complete.
- One airworthy Lockheed L-100 aircraft—currently in the final stages of a C-check at an aviation facility in Malaysia and ready for active service.
- One C-130 aircraft intended for parts—located at the same facility in Malaysia. Ready for teardown to sell parts and components on the market.
- Maintenance facilities in Uganda, Malaysia, and Fujairah (UAE), with a large inventory of spare parts and aviation components.
Financial Status:
- No significant liabilities, financial loans, or long-term/short-term obligations.
- The company’s total accounts payable amount to approximately $3.0 million, primarily consisting of outstanding costs for inspections, warehouse leases in Malaysia, Uganda, and the UAE, as well as unpaid wages for current staff.
- This amount is highly manageable and can be covered by proceeds from ongoing operations.
Legal Structure:
- An operating company that owns all aircraft spare parts.
- An investment company that owns the operating company.
- A company that owns the aircraft and leases them to the operating company.
- A company responsible for licenses, certificates, and registrations.
- A company responsible for warehouses, facilities, and maintenance management.
- Administrative office located in the UAE.
Details will be provided upon the signing of an NCNDA (Non-Disclosure and Non-Circumvention Agreement); negotiations will commence once proof of funds is provided.