Global aviation services provider Luxaviation Group has strengthened its ExecuJet FBO division with a blockbuster European deal. The Luxembourg-based company has purchased the Sky Valet FBO chain—with its 17 owned locations in Spain and Portugal—from parent company Aéroports de la Côte d'Azur in a move that brings it to 40 locations worldwide. Counting Sky Valet’s Connect affiliate program adds an additional 25 FBOs to the ExecuJet network.
“This acquisition represents a pivotal moment for Luxaviation Group and our continued expansion in the global FBO market,” said CEO Patrick Hansen. “Together with SkyValet, we continue expanding the reach of the ExecuJet network and our ambition of sustainability, setting new benchmarks in the industry.”
Managing the integration will be Michel Tohane, president of Luxaviation’s FBO division. He is quite familiar with the Sky Valet brand, having served as its executive v-p before joining Luxaviation in 2021.
“Being one of the global leaders in the FBO industry provides us today not only with the opportunity to further grow regionally—we also have the ambition to push the green agenda of the group and of business aviation as an industry,” Tohane said. A recent example of Luxaviation’s commitment to transitioning towards more sustainable air transport is the provisioning of sustainable aviation fuel to its clients at its Paris Le Bourget FBO.
Following that expansion, Luxaviation further strategically strengthened its global position by completing the full acquisition of Paragon Aviation Group, which manages the Paragon Network of independent FBOs.
Founded in 2011, the network is a group of vetted FBOs and international handling agents that provide an upscale experience for general aviation travelers across the world. Its members enjoy increased business through group networking efforts while providing extended benefits to based customers. Before joining the network, each FBO undergoes an extensive audit of its facility and services to ensure their quality.
“The Paragon team is committed to ensuring a seamless transition while upholding the high standards of service our clients expect,” said Crystal Kubeczka, who will take over as Paragon Group president next week. “I am confident that the new leadership will continue to drive the company’s success.”
ExecuJet joined the Paragon network in 2017 and at that time acquired a majority share in the managing company. Counting the ExecuJet and Sky Valet FBOs and their affiliates, along with the other Paragon members, this latest move brings the network to more than 140 locations worldwide.
“Our continued expansion in the global FBO market offers a compelling alternative to the major networks, ensuring premium service and comprehensive offerings for operators worldwide,” said Hansen. “Paragon Aviation Group, with their outstanding FBO services and esteemed industry reputation, enables us to strengthen our commitment to excellence and advance our strategic vision for growth.”