22 January, 2019: Luxaviation Group has signed a final sale agreement for the global maintenance activities of its subsidiaryExecuJet to Dassault Aviation, a subsidiary of Dassault Group. Subject to obtaining the required approvals, the ExecuJet maintenance activities will be stepwise integrated into the structure of Dassault Aviation group over 2019.
Luxaviation Group acquired ExecuJet Group in 2015, including its maintenance (MRO) centres, its Fixed Base Operations (FBO) as well as its aircraft management activities. The sale agreement with Dassault Aviation is limited to the maintenance activities of ExecuJet and will permitDassault Aviation to reinforce its global presence, particularly in the Asia-Pacific region, in Oceania, the Middle-East and Africa. The continuity of the personnel and of the maintenance operations worldwide ensures the constant quality performances of the maintenance of ExecuJet following the transaction. The outstanding ExecuJet MRO service quality will continue to be ascertained by the staff which has been taken over, the existing management teams and the development of operations globally.
Patrick Hansen, Chief Executive Officer of Luxaviation Group, said, “Selling our maintenance activities to a European group whose excellence is recognized around the world and acclaimed by a multitude of excellence awards, allows Luxaviation Group to refocus on our core aviation services and to further concentrate on innovation and to invest worldwide into the sector’s development.”
Graeme Duckworth, Executive Vice President MRO Services, Luxaviation Group, commented, “Our worldwide team has been providing state-of-the-art maintenance activities for decades. Its excellence will continue to be accessible to all private jet owners globally. The shareholder changes but ExecuJet will maintain its identity and its leadership. We will benefit from valuable synergies within the Dassault Group.”
ExecuJet provides maintenance support capabilities for a braod range of aircraft types in 42 countries. Services guaranteed by ExecuJet’s licensed centres for the largest aircraft manufacturers globally are certified either by the Federal Aviation Association (FAA) or by the European Aviation Safety Agency (EASA). Factory trained technical staff guarantees specialised fuselage, engineering and avionics services.