Luxaviation Group, one of the largest private aircraft operators worldwide, announced the signature of a final sale agreement for the worldwide maintenance activities of ist affiliate company ExecuJet to the French company Dassault Aviation.
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 spring 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 allow Dassault Aviation to strengthen its worldwide presence, particularly in the Asia-Pacific region, in Oceania, the Middle-East and Africa. ExecuJet provides maintenance support capabilities for a diverse collection of aircraft types in 42 countries. Dassault currently has five company-owned service centres: two in Europe – at Paris Le Bourget and Bordeaux-Meriginac – and three in the USA at Little Rock, Arkansas; Reno, Nevada and Wilmington, Delaware.
The ExecuJet name will be retained, Dassault says. "The shareholder changes, but ExecuJet will maintain its identity and its leadership," adds Graeme Duckworth, MRO executive vice-president for the Zurich-headquartered company, who will remain with the company.