Posted on: 23 January 2019 by Chloe Greenbank
Luxaviation has agreed the sale of its subsidiary ExecuJet’s maintenance activities to the French company Dassault Aviation. While the deal is subject to the required approvals, with the integration process expected to be complete in 2019.
ExecuJet was acquired by the Luxaviation Group in 2015, including its FBOs, aircraft management activities as well as its maintenance (MRO) centres. The sale agreement is limited to ExecuJet’s maintenance activities and will enable Dassault Aviation to strengthen its presence on the global market.
Luxaviation’s executive VP MRO Services, Graeme Duckworth, will continue to lead the MRO activities under the new shareholder. Describing how his worldwide team has been providing state-of-the-art maintenance activities for decades he stated his commitment to maintaining that same level of excellence despite the change in shareholder. “ExecuJet will maintain its identity and its leadership. We will benefit from valuable synergies within the Dassault Group,” he said.
Meanwhile, Patrick Hansen, CEO of Luxaviation Group stated: “Selling our maintenance activities to a European group whose excellence is recognised around the world 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.”