Auckland-based Rishworth Aviation sold to UK's Empresaria for US$10M

Wed, 06 Jul 2016

By Edwin Mitson July 6 (BusinessDesk) - Rishworth Aviation, which supplies pilots, engineers and other staff to the airline industry, has been sold to Empresaria Group, which is listed on the London Stock Exchange's AIM market, for US$10 million. The Auckland-based company lists Norwegian, Korea Air and Vietnam Airlines among its clients and has a regional office in Sweden. Empresaria is buying 82.6% of Rishworth, with the remaining stock in the hands of senior managers. Rishworth's vendor is the private equity company, Pencarrow, whi...

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