LDC acquired its initial holding in the business in 2005 when LDC backed a management buy-out of Airclaims, the provider of aviation claims, risk and asset management services. LDC recruited an entrepreneurial management team to spin-out a new company from the former information and consultancy arm of Airclaims, and the Ascend brand was born.
With LDC support Ascend pursued a positive growth strategy, innovative product development, expansion into new markets and tactical acquisitions.
The business was acquired by Reed Business Information (RBI) in 2011, where it became part of Flightglobal RBI’s aerospace information and data services business.
We have enjoyed an excellent relationship with LDC over the past six years who have been extremely supportive of our initiatives to expand the Ascend business globally. I am very excited about the opportunities this new era will bring. By combining our insight and expertise with Flightglobal’s growing global audience, distribution capabilities and unrivalled media presence, we can significantly extend the reach of the Ascend brand.CEO, Ascend