My Account Menu

CAPA Login

Register to trial CAPA Membership!

World Fuel Services acquires Ascent Aviation Group


World Fuel Services Corporation completed its acquisition of Ascent Aviation Group, a distributor of aviation fuel and de-icing fluids. Ascent, based in New York, supplies aviation fuel and de-icing fluid to more than 450 airports and fixed-base operators throughout North America. The transaction is expected to be USD0.03-0.05 accretive to earnings in the first 12 months

World Fuel Services shares rose 0.5% on Monday. Amadeus shares lost 2%.

Selected aviation suppliers share price movements (% change): 04-Apr-2011

Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.