PARIS/BANGKOK/SINGAPORE: July 07, 2016. The ECS Group has acquired a majority share in Bangkok-based AVS GSA. Terms of the deal were not disclosed.
Both companies represent DHL Aviation in their respective regions as well as Oman Air and Malaysian Airlines.
“We decided to come together based on mutual trust. AVS GSA and ECS Group share common objectives, have high degree of professionalism, tremendous inclination for innovation and, [to] top it all, we are extremely passionate about airline business,” commented group chairman Monchai Jirakiertivadhana.
“It is important to have a local partner, who shares a common vision, and has an experienced team of professionals with deep knowledge and extensive network into the local market,” added Bertrand Schmoll, ECS chairman and CEO.
AVS GSA was founded in 2007 and has offices in Bangkok, Singapore, Taipei, Hong Kong, Yangon, Phnom Penh, Jakarta, Kuala Lumpur, Penang, Manila, Cebu, Delhi, Mumbai, Chennai, Bangalore and Hyderabad.
(Pictured left to right: Monchai Jirakiertivadhana, AVS GSA chairman; Bertrand Schmoll, ECS chairman and CEO; and Thomas Ong, AVS GSA CEO.)