Pegasus Elite Aviation has been acquired by Prima Air Group, a holding company founded by Dr. Charles Huang after he became the majority stakeholder of Prima Air. Van Nuys, California-based Pegasus is a Part 135 operator with a fleet ranging from turboprop aircraft up to the ultra-long-range Gulfstream G650ER. Pegasus joins a company with more than 100 full-time employees, including 49 pilots, 29 flight attendants, and ground support employees.

“With the combination of management, high-level operational experiences, and efficiencies, along with the ever-expanding fleet of managed and owned aircraft by Pegasus, Prima Air's future vision and business models will establish the company as a strong player and industry leader,” said Prima Air partner and CEO Lina Tullberg.

Tullberg founded Prima Air in 2019 with the aid of venture capital firm Pasaca Capital, which is solely owned by Huang.