ExecuJet acquires charter business for new subsidiary

AINonline
October 4, 2007, 8:33 AM

ExecuJet Aviation has acquired German charter operator Jet Connection Businessflight for an undisclosed sum. The Frankfurt-based firm is to be the foundation for ExecuJet’s new German subsidiary, adding to its existing European divisions in Switzerland and Denmark. Johannesburg, South Africa-based ExecuJet also has operations in Sydney, Australia, and Dubai in the United Arab Emirates.

Jet Connection operates two Bombardier Learjet 60s and a Challenger 604. ExecuJet already manages more than 50 aircraft and 13 of these are available for charter. According to ExecuJet Europe managing director Peter Smales, the availability of aircraft at Germany’s main business city, Frankfurt, will allow the company to redeploy other jets to meet executive charter demand in northern and eastern Europe. ExecuJet already has charter aircraft based in the UK, Denmark and Switzerland and now holds Danish, German and Swiss commercial aircraft operator certificates.

Jet Connection’s COO has been appointed CEO of the new ExecuJet subsidiary. Rainer Wenz, who founded Jet Connection in 1997, has joined ExecuJet’s advisory board.

Gradually Jet Connection is to rebrand under the ExecuJet name. Both ExecuJet and Jet Connection are operating partners in Bombardier’s Flexjet Europe block charter program.

Tags: Learjet

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