Gestair to invest $115 million in its fleet

EBACE Convention News » 2007
May 22, 2007, 8:17 AM

Gestair Private Aviation has announced a $115 million investment over the next four years to further expand its 30-aircraft fleet. The Spanish-based company is also planning a new main-  tenance hangar. Also anticipated is FBO network expansion and company acquisitions abroad.

During 2007 to 2010, parent company Gestair Group will restructure its executive charter operation around three divisions. Gestair Private Jets will be responsible for the management of company and third-party aircraft. Gestair FBO will incorporate the FBO network, which today includes bases in Madrid, Barcelona, Palma de Mallorca, Burgos, Santiago and La Coruña. The third division will be Gestair Maintenance, which employs 100 technicians. In addition, a consulting department will offer advice on acquisition and sale of aircraft.

Last year, Gestair Private Aviation’s revenues were $120 million. Some 270 employees supported 10,800 flight hours and 18,300 passengers.

Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.