ANCHORAGE - HoTH Inc, an aviation holdings company, says it will purchase 100 percent of the company stock from Era Aviation Inc.
The sum of the purchase was not disclosed.
HoTH says the deal is expected to close Feb. 27.
Once it’s complete, HoTH will own Frontier Flying Services Inc. and Hageland Aviation Services Inc. in addition to Era.
Jim Hajdukovich, president of Frontier Flying, says collectively the three commuter airline companies will serve nearly 100 of the state’s cities and villages with intrastate service.
Era will retain its name as a separate division of HoTH. Bob Hajdukovich will take over as Era’s chief executive.
