Logistics holding Sovereign Speed has announced that it fully acquired Businesswings (JMP, Kassel) in order to expand into the air freight market.

"This is a strategic investment, as Sovereign Speed's customer solutions, in particular, the European Express network, can be perfectly combined with those of Businesswings," Sovereign Speed Managing Director Frank Liebelt said.

Businesswings will be retained as a separate unit within the group with its current employees and management continuing in their roles. The cargo specialist will continue to exclusively operate for other companies and does not intend to launch own scheduled flights.

Businesswings' fleet currently includes one Do228-100, one Do228-212, and two Cessna (single turboprop) 208B Grand Caravans.