Universal to Become Majority Owner of CAVOK
Sao Paulo (Aug. 15, 2008) – Universal Weather and Aviation, Inc., announced today that it has entered into a letter of intent to become the majority owner of Brazilian flight support services provider Cavok Servicos Auxiliares de Transportes Aereos Ltda. (CAVOK) and expects to complete the transaction in the near future, subject to any required governmental approvals.
CAVOK was founded by Mauro Camargo in 2000 and provides Brazilian operators flight support services such as flight planning, obtaining permits, handling arrangements, fuel arrangements, hotel arrangements and more.
Camargo said the transaction will allow CAVOK to continue improving and offering more services to clients, now that the company has the global resources of Universal® behind it.
"We've earned our reputation for being Brazil's premier provider of trip support services and that will not change with this purchase," said Camargo. "CAVOK will still provide the same quality services our clients rely on, but we can now do so even better and on a global scale with Universal's financial and global resources. With Universal's support, we will be able to further strengthen our systems and processes, allowing us to provide trip support services to Brazilian operators traveling throughout South America and the world. There were many companies interested in partnering with us, but after our due diligence, I determined that Universal® best fit our customer-oriented culture and our clients' needs."
"As one of the fastest growing business aviation markets in the world, Brazil has a strong demand for trip support services," said Charles Mularski, Director, Strategic Acquisition Development, Universal® "Combining our global and financial resources with the local expertise of CAVOK will allow us to meet that growing need."
Vice President of Trip Support Services Pete Lewis said that Universal® and CAVOK are currently working to maximize synergies and the benefits of the purchase to clients.
"Over the next few months, we will work with CAVOK to maximize the value of this transaction to Brazilian operators," said Lewis. "CAVOK has always provided outstanding flight support services, but now clients will have full access to so much more, including all of Universal's products and services such as discount fuel through UVair® and worldwide ground support from Universal Aviation(sm). Ultimately, our involvement with CAVOK will provide a one-stop resource for Brazilian operators' trip support services needs no matter where in the world they are traveling."
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At Universal Weather and Aviation, Inc., our goal is to become a vital extension of our clients' flight operations teams. Universal® offers a wide range of services designed to provide business aviation operators seamless service from start to finish. Universal's wide range of services includes flight planning, weather briefings, online tools, the UVair® Fueling Card, Universal Aviation(sm) worldwide ground support, UVdatalink® air-to-ground communication, and more. Universal has been facilitating successful trips for business aviation operators since 1959.
To learn more about Universal Weather and Aviation, Inc., e-mail sales@universalweather.com, or call (800) 231-5600 ext. 3300 (N. America Toll-Free) or (713) 944-1622 ext. 3300 (Worldwide).
Universal: Success from the word GO.
CONTACT:
Louis Smyth
N. America Toll-Free: (800) 231-5600 ext. 5713
Worldwide Direct: (713) 947-5713
E-mail: lsmyth@univ-wea.com
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