Tolmount acquires NJI

Rome-based BAe 146 operator National Jet Italia (NJI) had been acquired by the Tolmount investment group for UKP35 million. Tolmount is headed by Peter Sutch, a former chief executive of Cathay Pacific Airways. It will raise funds for the transaction by issuing shares on the London Stock Exchange. NJI operates four BAe 146-300s and two Boeing 737s on British Airways franchise flights from Rome.

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