Aero-Print could be up and running within three weeks after administrative receivers from BDO Stoy Hayward accepted a bid for the business assets of the specialist security printer from Avia Invest Leasing (PrintWeek, 20 July).


Avia chief executive Uday Nayak said he hoped to re-employ as many of the former staff as possible, but this would depend on how soon the business got back on its feet.
He said the firm would also try to regain the contract to print UK passports.


The new company, which will operate from Aero-Prints Aylesbury site, will be called Aero-Print Security Documents and will offer a one-stop shop service to airlines.


Ian Cummings, GPMU branch secretary for the Chiltern and Thames Valley area, said Nayak had met with union members prior to the companys fall and had their "full support" for his bid. "We are very pleased that the company is to remain in Aylesbury and we hope that as many of our members as possible can be re-employed," he added.


Avia Invest Leasing has offices in the Cayman Islands, Paris and London, leasing aircraft to mainly US and African airlines.
It is also poised to next month buy a London-based travel agency with a turnover of 10m.