BAA Jet Management (Hong Kong) and Luxaviation (LXA, Luxembourg) have signed a deal which will see the two business jet management specialists working together more closely in Asia and Europe.
"We are proud to have the opportunity to deliver our expertise to the fast-growing Asian and specifically the Chinese business jet market and support BAA to further improve its client services in the region," Luxaviation Asia's managing director, Tom Künsch, said, as quoted in AIN Online.
BAA is wholly owned by CMIG Aviation, which in turn took a 33% stake in Luxaviation in November 2015. That EUR100 million investment allowed the Luxembourg-based group to finance further growth.
In Asia, Luxaviation also has strategic partnerships with Thailand's Darwin Aviation, and Malaysian logistics company DMG Adventures.
Luxaviation manages more than 250 fixed-wing aircraft and twenty helicopters in its operations across Europe, Asia, Australasia, Africa, the Middle East and Latin America. Since 2011, it has made a number of strategic acquisitions, purchasing Germany's Fairjets, Benelux's Abelag Aviation, French Unijet, London Executive Aviation, Masterjet and Swiss ExecuJet Aviation Group. Its various arms operate as: Luxaviation Belgium, Luxaviation France, Luxaviation Germany, Luxaviation Portugal, Luxaviation UK, and Luxaviation Helicopters.
