Posted on: 03 July 2019 by Chloe Greenbank
The international technology group, RUAG, is selling its Swiss business aviation sites at Geneva-Cointrin and Lugano-Agno airports. Both sites are being acquired by French aerospace group Dassault Aviation and mark the first step in realigning RUAG’s portfolio in line with the strategic direction of the Swiss Federal Council.
Dassault Aviation will acquire all shares of RUAG Business Aviation AG, which includes all 73 members of staff at the Geneva site as well as the 14 members of staff at the Lugano site. Both sites offer a wide range of maintenance, repair and overhaul (MRO) services as well as upgrades for selected private and business aircraft from manufacturers such as: Dassault Aviation, Piaggio, Bombardier, Embraer, Pilatus and Hawker Beechcraft. At Lugano, the maintenance facility is the only provider of MRO services for business jets at the airport. Passengers, pilots and crew can also enjoy in-house fixed base operator (FBO) services at both airports.
The sale also marks a step forward in the implementation of RUAG International’s strategy to focus on Space and Aerostructures markets.
“I am extremely satisfied that we have completed this transaction with Dassault Aviation, a leader in manufacturing and maintaining aircraft,” said Urs Breitmeier, CEO of the RUAG Group. “They are an experienced partner and can provide a strong foundation for successfully continuing operations in Geneva and Agno, as well as the future for the members of staff at both sites.”
Meanwhile, Eric Trappier, chairman and CEO of Dassault Aviation, added: ”The acquisition of the RUAG sites in Geneva and Lugano will allow Dassault Aviation to reinforce its footprint in Switzerland, a key place for business aviation in Europe; while consolidating Falcon maintenance activities controlled by the Dassault Aviation Group”