Atelier Aviation, a Cove Capital Company, Prepares to Assume Full Ownership of Fly Alliance, Inc.

ORLANDO, Fla.--(BUSINESS WIRE)--Atelier Aviation, LLC is pleased to announce that it is preparing to reassume full ownership of Fly Alliance, Inc., the Part 135 certificate holder currently operating 13 aircraft. Following regulatory approval, the company will change its name to Atelier.

With this transition, more than 40 pilots, 15 technicians and 15 support professionals have joined our organization. The group includes Altitude Parts, an $80 million aircraft parts company; Sky Travel Solutions, a Part 135 operator of 11 Hawker 400XP aircraft; and Atelier Maintenance. All operate under the Cove Capital Investments umbrella. Together, the group will employ more than 100 people and generate approximately $150 million in annual revenue.

Eight aircraft will remain in active service: one Hawker 900XP, two Citation XLS+, four Gulfstream G-IVSPs and one Gulfstream G-V. The remaining five — two Citation Excels, two Citation Latitudes and one G-IVSP — are being offered for sale.

Going forward, the group will focus on aircraft sales, aircraft management, charter operations, parts and maintenance. We bring the financial strength to keep every aircraft in excellent condition and to deliver consistent quality across the fleet. We are committed to strengthening reliability and building long-term, mutually beneficial partnerships.

ABOUT COVE CAPITAL INVESTMENTS

Cove Capital Investments, LLC is a diversified aviation investment company with a growing portfolio of businesses and aircraft assets spanning aircraft acquisitions, sales, leasing, charter operations, and aftermarket parts distribution.

Its portfolio includes Sky Travel Solutions, a Part 135 operator with a fleet of 11 Hawker 400XP aircraft, and Altitude Parts, an $80 million aircraft parts company with an extensive inventory and global customer base.

Cove Capital continues to expand its aviation investment portfolio through strategic aircraft acquisitions, asset management, and resale opportunities. The company currently has over 20 aircraft listed for sale, ranging from light jets to large-cabin, long-range business aircraft.

Through strategic investments and acquisitions, Cove Capital remains focused on building a diversified aviation platform that creates long-term value across the private aviation industry.