It has been announced that Luxaviation, Luxembourg-based business aviation operator has acquired Masterjet, Portuguese operator based in Lisbon, and operating business jets from Paris Le Bourget.
The acquisition will make Luxaviation rank as the largest business aviation operator in Europe, with almost 100 aircraft and more than 500 employees. Luxaviation now holds six air charter businesses: Luxaviation, Luxaviation Germany, Unijet (France), Abelag (Belgium), London Executive Aviation (UK) and now Masterjet (Portugal).
Current Masterjet president, Edward Queffelec and Karol Gueremy, managing director, will remain in their positions, as Luxaviation intend to continue its strategic position by retaining operational independence of each group operator.
The acquisition was completed for an undisclosed sum.