Luxaviation buys ExecuJet

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ExecuJet Aviation has been acquired by the Luxaviation Group, a European business aviation group based in Luxembourg, which now owns the entire share capital of ExecuJet and becomes the second largest corporate aircraft operator in the world.

ExecuJet employs a workforce of over 1,000 staff and operates in six regions of the world – Europe, Africa, Asia, Australasia, Latin American and the Middle East. Founded in 1991, the company operates a fleet of 165 aircraft worldwide.

ExecuJet’s service portfolio includes aircraft management, charter, maintenance, FBO operations and aircraft completions management.

Luxaviation offers expertise and know-how across seven European operating companies and runs a combined fleet of more than 250 business aircraft. 

In common with other Luxaviation companies, ExecuJet will retain its identity, management team and operational independence, while benefiting from synergies within the group, including economies of scale in the purchasing of fuel, insurance, training and other significant cost areas; increased aircraft availability and utilisation within the group, with a broader range of aircraft types; and collaboration with other group companies to enhance best practice in all operational areas.