Dassault Aviation has announced from its Saint-Cloud base in France that it has signed a binding agreement with Luxaviation to acquire the worldwide maintenance activities of its subsidiary, Execujet, this year, subject to obtaining the necessary administrative authorizations.
“The acquisition of ExecuJet’s MRO (Maintenance, Repair & Overhaul) operations will strengthen Dassault Aviation’s global footprint, especially in Asia-Pacific, Oceania, Middle-East and Africa. With ExecuJet, we will continue the development of our high-quality customer support network, while growing our Falcon market share”, said Eric Trappier, Chairman and CEO of Dassault Aviation.
“Since 1991, the ExecuJet network has gained confidence of clients operating a variety of aircraft types. I am very pleased with this opportunity, to develop our MRO business within the Dassault network”, said Graeme Duckworth ExecuJet’s MRO Executive Vice-President.
As an international business aviation company, ExecuJet is headquartered at Zurich Airport, Switzerland with 33 facilities operating in six regions worldwide – Africa, Asia Pacific, Caribbean, Europe, Latin America and the Middle East. Established as a maintenance provider the company’s first base was established in 1991 in Johannesburg, South Africa. After substantial worldwide expansion, Execujet was acquired in 2015 by the Luxembourg-based Luxaviation Group.
Dassault Aviation has built up expertise recognized worldwide in the design, development, sale and support of all types of aircraft, ranging from the Rafale fighter, to the high-end Falcon family of business jets and military drones. In 2017, Dassault Aviation reported revenues of €4.8 billion (US$5.5 billion). The company has 11,400 employees.
