CEPA turns CEPO Expo into an open corporation

The Central Europe Private Aviation Association has announced its intention to sell approximately 50% of CEPA Expo’s newly issued stock.

CEPA will retain ownership of the remaining shares and has no intention of divesting this ownership interest.

Dagmar Grossmann, founder of the association said: “CEPA was originally founded to accomplish a social-business mission, to make East and West more open and connected and so far we have succeeded. Even so, we’re aiming higher by making the subsidiary event into something to tangibly share”.

The purpose of turning the CEPA Expo into an open corporation is to give equal and fair participation to reputable entities in the business aviation community.

Philippe Lienard, with over 20 years of experience in the aviation industry and current CEPA chairman, added “During my career in the aviation industry, I’ve always been given opportunities to participate in something that actually serves individual interests; CEPA, a non-profit association, gives honorary titles to recognized talents in the aviation industry whose ideal of a common European ground for business development aligns with those of the association. By turning the CEPA Expo into a shareholding subsidiary, I think it is very clear where this concept is headed”

CEPA Expo has seen an exponential growth in terms of attendees and topics in relatively short time. This move aims to unlock more value for shareholders while strengthening our ability to retain and attract the aviation industry’s top talent.

Brendan Lodge, CEPA’s deputy chairman, said: “The whole point of CEPA Expo is to bring both sides of aviation together in Europe. The next ten years will see unprecedented growth in the wealth of these countries that were previously restricted behind the old ‘Iron Curtain’. Many of the countries that once formed ‘Eastern Europe’ still have a substantial manufacturing infrastructure. The entrepreneurs that control the key sectors of industry, feeding in and from the established and traditional commercial businesses, are becoming wealthier each day. There is the potential for real growth in the medium term and opportunity for aviation businesses all over Europe and beyond, to join in this growth from the beginning.”