European Flyers Completes Merger with Aerotec
Deal News | Apr 16, 2025 | Finance Community ES 2 - Corporate M&A
European Flyers has merged with Aerotec Escuela de Pilotos in a strategic move, creating one of Spain's largest pilot training centers. The merger, formalized on April 7 in Madrid, marks a significant step in European Flyers' growth and consolidation strategy. Russell Bedford Spain's Financial Advisory team in Madrid facilitated the merger by conducting thorough due diligence in financial, tax, labor, and legal aspects of Aerotec Escuela de Pilotos. The newly formed entity awaits regulatory approval to operate with a combined fleet of 50 aircraft, 14 simulators, and approximately 200 professionals across four key Spanish locations: Cuatro Vientos, Mutxamel, Casarrubios del Monte, and Sevilla. Javier Concejo of Russell Bedford expressed pleasure in supporting European Flyers through this transaction that promises to elevate aviation training in Spain. According to European Flyers' General Director Luis Miano Gómez, this merger is integral to their business plan, enhancing the company's competitiveness nationally and internationally and ensuring the highest training standards to meet the aviation sector's demand.
Sectors
- Aviation and Aerospace
- Education and Training
- Corporate Finance and Advisory
Geography
- Spain – The merger took place in Spain and the new entity will operate across four locations within the country.
Industry
- Aviation and Aerospace – The merger involves two companies specializing in pilot training, part of the aviation and aerospace sector.
- Education and Training – The operation creates one of the largest centers for pilot training in Spain, highlighting the educational aspect of the merger.
- Corporate Finance and Advisory – Russell Bedford Spain, a financial advisory firm, played a crucial role in advising on the merger.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| European Flyers | Target and Merging Company | Company | A prominent pilot training organization in Spain, seeking growth and market consolidation. |
| Aerotec Escuela de Pilotos | Merging Company | Company | A pilot training school in Spain merging with European Flyers to form a larger entity. |
| Russell Bedford Spain | Financial Advisor | Company | Provided comprehensive advisory services for the merger, including financial, tax, labor, and legal due diligence. |
| Javier Concejo | Advisor | Person | Partner of Financial Advisory at Russell Bedford in Madrid, involved in advising the merger. |
| Luis Miano Gómez | Director General | Person | General Director of European Flyers, overseeing the merger. |