Luxaviation’s Abelag Air Charter Subsidiary Buys Unijet

AINalerts » January 14, 2014
Luxaviation’s Belgian subsidiary Abelag acquired Paris Le Bourget Airport-based business aviation operator Unijet. The consolidation of the two business aircraft charter and management firms will allow Luxaviation to pool many operational services, including maintenance, technical documents and insurance–a move that it says will boost its competitiveness. (Photo: Luxaviation)
January 14, 2014, 2:30 PM

Luxaviation’s Belgian subsidiary Abelag acquired Paris Le Bourget Airport-based business aviation operator Unijet, the companies announced today. With the acquisition of Unijet, the Luxembourg-based parent company now has 350 employees and operates more than 60 business aircraft.

The consolidation of the two business aircraft charter and management firms will allow Luxaviation to pool many operational services, including maintenance, technical documents and insurance–a move that it says will boost its competitiveness. “These economies of scale, with the flexibility of an expanded and diversified fleet, allow the group’s operators to maintain the best tariff level for the benefit of the clients,” Luxaviation said.

According to Luxaviation CEO Patrick Hansen, “The integration of Unijet into our group is the confirmation of Luxaviation’s international growth ambitions, mainly in Europe but also in Asia, where developments are currently moving quickly.” Hervé Laitat, Abelag’s CEO, added that the acquisition is “meaningful in a market segment that remains highly fragmented as 80 percent of aviation companies [each] operate fewer than four airplanes.”

Tags: Business

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