Luxaviation continues spending spree with MasterJet acquisition


Luxaviation Group has started 2015 with the acquisition of Paris-based operator Masterjet, almost a year to the day after purchasing French operator UniJet.

ALSO SEE: Luxaviation acquires Unijet to become Europe’s third largest operator

Although Masterjet’s fleet of business jets is based at Paris-Le Bourget Airport, the company holds a Portuguese Air Operators Certificate (AOC) and has its headquarters in Lisbon.

Luxaviation says it will keep their latest acquisition as a separate operating division, although Masterjet will enjoy all the added benefits of being in one of the largest business jet operating groups in Europe.

“The economies of scale enable Masterjet as well as our sister companies within the group, to further develop service standards to better serve the needs of our customers,” says Karol Gueremy, managing director of Masterjet.

The Masterjet fleet includes two Dassault Falcon 7Xs, two Falcon 2000s, one Falcon 900EX and one LearJet 45, but it’s the Airbus A320 head of state aircraft that the company operates that Luxaviation covert.

“The expertise, reputation and combined scale of the region’s most outstanding operators provide the group with an unmatched leverage,” says Patrick Hansen, co-CEO of Luxaviation Group. “With the addition of the company’s Airbus 320 to our fleet, we will be able to serve a market with strategic potential supported by the state-of-the-art technical and commercial experience, that Masterjet offers for the ‘head of state’ sector”.

Masterjet took delivery of Airbus A320 msn 1868 / CS-TFY in 2011. The aircraft was previously operated by JetBlue Airways in the US, having been delivered directly to them from Airbus in 2002.

Fokker Aircraft Services completed the conversion from airline to VIP configuration at its Woensdrecht facility.

During 2014 The Luxaviation Group completed the purchase of both UniJet and London Executive Aviation and had previously stated that the group continue acquiring operators during 2015 in both Europe and Asia.

Corporate Jet Investor understands that The Luxaviation Group had attempted to acquire an Asian based operator over the Christmas period, however the deal unfortunately fell through at the last moment.