Airline holding group agrees to buy Era Aviation

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: Image by Alaskan Dude via Flickr

Aviation company HoTH Inc. will purchase Era Aviation Inc. for an undisclosed sum and operate the company under a single airline called Frontier Alaska.

The deal calls for HoTH to purchase 100 percent of the company’s stock and it is expected to be complete by Feb. 27. HoTH will own Frontier Flying Services Inc. and Hageland Aviation Services Inc. in addition to Era.

Once the deal is finalized, HoTH will have built business that exceeds $100 million in revenue annually, according to a company statement.

The deal comes just over a year after Hageland Aviation and Frontier Flying Service joined forces, ending years of intense competition in rural Alaska. The company operates as Frontier Alaska.

Collectively the three commuter airline divisions will serve nearly 100 of the state’s cities and villages with intrastate service.

The deal will benefit the commuters and the employees, said Bob Hajdukovich, chief executive officer of HoTH who will become Era’s chief executive.

“This deal not only complements what we already do, but allows for upside growth of our operations while strengthening our connectivity to rural communities, which is so important to us,” Hajdukovich said in a prepared statement.

http://www.fortmilltimes.com/124/story/461752.html