Sun Capital sells aircraft business to Amazon provider
January 04, 2017
Air | Tampa, FL | Corporate Acquisition
Sun Capital Partners has agreed to sell PEMCO World Air Services to Air Transport Services (NASDAQ: ATSG), a supplier of air cargo transportation and related services that’s a primary provider to Amazon (NASDAQ: AMZN). PEMCO maintains and repairs airplanes and converts passenger jets such as the Boeing 737 into cargo craft. Sun Capital first invested in PEMCO in 2007.