Cobham has commenced a strategic review of Cobham Aviation Services (CAvS) in Australia ahead of a possible buyout.
CAvS is the largest provider of contract aviation services in Australia and the country's third largest aviation group after Qantas and Virgin, employing over 1,300 staff and operating more than 50 aircraft for customers including Qantas, the Australian Border Force, the Australian Maritime Safety Authority and Chevron.
In 2018, CAvS delivered revenue of A$386 million.
CEO of Cobham David Lockwood said the review would be to decide how best to optimise value in the interests of the company and its stakeholders.
Cobham also announced that Advent International Corporation intends to make an all cash offer to acquire the company.
CaVS contracts include aerial border surveillance and search-and-rescue operations, closed charter (fly-in, fly-out) passenger and freight services to remote sites in support of mining, oil and gas projects, and outsourced passenger and freight services for Qantas.