News from Eryk Prince

Prince heads up Frontier Services Group (Ex DVN Holdings http://www.dvnholdings.com/main.htm)

Prince has some huge projects with his Chinese partners.
See on the link below the Frontier Services Group Annual reports uploaded a few days ago:
http://www.irasia.com/listco/hk/frontier/annual/index.htm

The first 4 pages of the annual report state Prince's ambitions for the future:



FSG is now well settled down in Kenya.
Prince announces negociations with Phoenix Aviation Limited, an air transport company that conducts Medevac missions in East Africa (Kenya, Tanzania, Ethiopia, Uganda) and Angola.

Phoenix is a Cessna approved Maintenance Organisation and it seems FSG want to buy 12 aircrafts and 1 helicoper to go into the Mining and Oil sectors.
http://www.phoenixaviation.co.ke/fleet

It seems from the link below that Prince is still part of DVN Holdings as the aircrafts were indeed bought for a total of 14 million USD.
http://www.ch-aviation.com/portal/news/27112-hong-kong-based-dvn-holdings-acquires-kenyas-phoenix-aviation

Prince's statement in the annual report
 "We aim to build out a pan African logistics, aviation services and risk management business with operations throughout the continent of Africa".