ATLANTA, November 27, 2018 — With a continued focus on elevating the customer service experience, Delta Global Services, a wholly owned subsidiary of Delta Air Lines (NYSE: DAL) will be combined with Argenbright Holdings I, LLC to form a premier aviation and ground handling service provider under the DGS name.
The new DGS, under management of the Argenbright team, will create more career opportunities for employees and will be strongly positioned to provide unparalleled service to airline customers as a best-in-class provider of airline-related services, ground support equipment maintenance, security and more. The Argenbright team has the experience, focus and industry relationships to advance DGS’ growth potential and level of service. DGS will continue to operate at the same airport locations it currently serves, and the transaction will not have any day-to-day impact on Delta customers.
“Building a standalone business under the leadership of the Argenbright team better positions DGS to expand the breadth and quality of its service offerings and provide an elevated experience to the airlines DGS services, including Delta,” said Mark Gurney, President – DGS. “The new DGS will benefit from the Argenbright team’s industry experience, track record of enhancing aviation services businesses and focus on supporting employees. Delta will be an equity partner in the combined company and as one of DGS’ largest customers for aviation services, Delta will have a vested interest in the future of the new organization. With improved operations and performance, DGS will deliver enhanced value for our customers and employees and will be a more dedicated aviation services provider.”
Frank Argenbright, Chairman and Founder of Argenbright Holdings, said, “We are creating a global aviation services business that will leverage the combined strength of our talented teams. We are committed to continued investment in DGS to improve the tools, technology and equipment employees have to do their job well, and to provide the best possible experience for the airline customers we serve. We are dedicated to putting customers and our colleagues at the heart of everything we do, and that belief has guided us in building and growing each of the businesses we’ve developed.”
Delta Global Services is an aviation services provider, offering aviation, staffing and security-related services. DGS currently provides services to Delta and other airlines in more than 170 airport locations in the continental United States, Alaska, Hawaii, Guam and the Bahamas.
Argenbright Holdings is a privately-held, U.S.-based parent company led by Frank Argenbright, whose portfolio has included contract security and aviation support services companies.
The transaction is expected to be completed by the end of 2018. Tom Marano of Argenbright Holdings will become Chief Executive Officer of the new company, along with Karan Ishwar as Chief Financial Officer, Adam Taylor as President of Aviation and Don Ridgway as Chief Customer Officer. Additional leadership assignments are forthcoming.
Delta Global Services (DGS) is a leading aviation services provider offering aviation, staffing and security-related services to Delta and other airlines in more than 170 airport locations in the continental United States, Alaska, Hawaii, Guam and the Bahamas. Founded in 1995, DGS has a diverse customer base, a robust menu of creative solutions and services, a focus on safety and a commitment to attracting and hiring great people. Headquartered in Atlanta, DGS is the only aviation services and ground handling company in the U.S. recognized with OSHA VPP STAR status. Additional information is available at www.dalgs.com.