Jet Aviation acquires Luxaviation's Swiss aircraft management and charter division

By Doug Gollan, June 25, 2021

Jet Aviation, a unit of General Dynamics, offers a jet card program in North America. The Swiss-based company acquired ExecuJet’s Zurich FBO, hangar and Luxaviation’s Swiss private jet management and charter operations

Jet Aviation announced today that it acquired ExecuJet’s Zurich FBO and hangars and Luxaviation’s Swiss aircraft management and charter division. With this acquisition, the company adds a second FBO in Zurich. There are also two private ramps, two hangars, and 17 managed private jets. Jet Aviation is a unit of General Dynamics, which also owns Gulfstream Aerospace.

“This acquisition creates significant value for our global customer base by further expanding our network and delivering innovative, world-class standards in service and quality,” said Jet Aviation president David Paddock. “It is an exciting step in our journey to be the leading partner in global flight.”

ExecuJet’s Zurich FBO is located opposite Jet Aviation at Zurich Airport. It includes one near-55,000 square-foot hangar and another 27,500 square-foot hangar. There are two private ramps and a 5,500 square feet vehicle parking area.

Stefan Benz, SVP of regional operations in EMEA, said, “Acquisition of the ExecuJet FBO in Zurich enables us to offer a more comprehensive range of services — including hangar space for short- and long-term private parking. For our charter customers, Luxaviation’s Swiss aircraft management and charter business significantly expands our fleet in Europe, offering even greater choice in meeting their varying requirements.”

Jet Aviation offers a U.S.-based jet card program starting at 10 hours.

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