Luxaviation Group acquires prestigious VIP terminal

Luxembourg- Luxaviation Group, one of the largest private aircraft operators worldwide headquartered in Luxembourg, is announcing the acquisition of the prestigious Paris- Le Bourget VIP Terminal (FBO), from Aéroports de la Côte d’Azur (ACA) Group and handled by its Sky Valet France company.

With the acquisition of the VIP Terminal FBO, Luxaviation Group demonstrates its leadership in business aviation notwithstanding the impending downdraft and the severe impact of the Covid-19 crisis on the industry.

Patrick Hansen, CEO of Luxaviation Group says: “With the acquisition of the prestigious Paris-Le Bourget VIP Terminal, we are able to further grow our 26 strong VIP Terminal network under our ExecuJet Brand, and provide our clients with an unrivalled full-service ground handling in an unparalleled location. We continue to focus on our core aviation services and further concentrate on innovation and expansion. As a group, we are determined to drive the curve and to invest worldwide into the sector’s development.”

In 2019, Sky Valet Paris- Le Bourget has managed over 6000 business aircraft movements representing 12% market share. Sky Valet is a brand owned and managed by Aéroports de la Côte d’Azur. In France, the brand operated in Cannes, St Tropez and Paris-Le Bourget. ACA manages 22 FBOs in France, Spain and Portugal, and additional 7 independents locations through its marketing and sales partnership Sky Valet Connect. Sky Valet Paris- Le Bourget manages its own terminal with secured car parking, and dedicated security filter and ramp area.

Dominique Thillaud, President of the Board of Aéroports de la Côte d’Azur: “After five years of continuous growth and having achieved a market share of 12%, we are pleased with the finalization of this sale contract to Luxaviation Group which will extend the efforts and good results Sky Valet Paris- Le Bourget. The dynamism of this VIP Terminal at one of Europe's leading business airport can only contribute to the dynamism of our remaining FBO activities, in France and in Europe”.

Karol Gueremy, CEO of Luxaviation France and Portugal says:” We are looking forward to welcome the 15 experienced colleagues of Sky Valet France in our Luxaviation team in Paris. Their recognized excellence matches the high-level service spirit of Luxaviation throughout the Group and increases our service offering”. Karol Gueremy will be supervising the team of this newly acquired VIP terminal in Paris.

Paris-Le Bourget airport is rated number one of Europe’s Top 20 business airports in terms of aircraft movements. In 2019 Europe’s leading business aviation airport registered a total of 25.000 departures compared to the second most important business airport in Nice Geneva, which accounts for 17.000 departures[1].

Luxaviation Group was advised by Saphir Capital Partners.

[1] Source: Aéroports de la Côte d’Azur