EAG and Alpha Middle East Holdings have been the founding and ongoing shareholders of ExecuJet Middle East, covering the Middle East, North Africa, India, Turkey and surrounding countries.
Hadi Mouawad, CEO of Alpha Middle East Holdings and Executive Board Member of ExecuJet Middle East, says: “We are very pleased with Luxaviation’s acquisition of EAG as it further expands the growing service network for our clients. As we embark on the next growth phase for the company, we look forward to welcoming our new partners to the Middle East and working with them to achieve ExecuJet Middle East’s plans in the coming months and years.”
The transaction will not affect the respective ownership or day-to-day operations of ExecuJet Middle East, as the company continues to pursue its expressed regional operations and growth strategy, the company said in a press release.
Patrick Hansen, CEO of Luxaviation Group and Chairman of ExecuJet, adds: “We are delighted to be working with not only our colleagues at ExecuJet but also our new partners at Alpha Middle East Holdings. We look forward to benefiting from both companies’ invaluable and extensive expertise to further expand our offering in the MENA markets.”
ExecuJet employs over 1,000 staff and operates in six regions of the world, namely Europe, Africa, Asia, Australasia, Latin America and the Middle East.
The company operates a diverse fleet of 165 aircraft worldwide, including a significant Global Express fleet as well as Boeing Business Jet, Gulfstream, Dassault, Learjet and Pilatus aircraft.
ExecuJet’s comprehensive service portfolio includes aircraft management, aircraft charter, aircraft maintenance, FBO operations and aircraft completions management.
Luxaviation Group has 520 employees across seven European operating companies: The company, which operates a combined fleet of more than 250 business aircraft, is also active in the high-growth markets of Asia-Pacific through a commercial office in Singapore.
In common with other Luxaviation Group companies, Execujet will retain its identity, management team and operational independence, while benefiting from synergies within the group.
The main benefits include 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 practices in all operational areas.