Jetscape Aviation Group, Inc. (“Jetscape”) announced today the completion of the merger and restructuring transaction with M1 Commercial Jets, Ltd. (“M1CJ”). The Tortola based M1CJ was previously owned by M1 Leasing, a subsidiary of the private investment holding - M1 Group (“M1”).
Jetscape and M1CJ today, have successfully established a new holding company, Jetscape Aviation Group Ltd. (“JAG Ltd.”) based in the British Virgin Islands. JAG Ltd is now 57% owned by M1 Leasing, while Jetscape’s original shareholders maintain 43% of the holding. The shareholders have collectively subscribed to $37M in new equity capital.
The newly formed group will be run by......
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