Story ID: 
Luxaviation Buys Paragon Aviation Group
By: Curt Epstein
Caption: The move establishes a global FBO network of more than 140 locations
Word Count: 276
Following last week’s major purchase of the Sky Valet chain and its 17 FBOs that will be incorporated into its ExecuJet brand, 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 their facility and FBO services to ensure their quality.
“I am incredibly proud of what we have accomplished at Paragon Aviation Group,” said Paragon co-founder and president Megan Barnes, adding that she will remain with the company as a board member. “The acquisition by Luxaviation Group marks an exciting new chapter for the company, ensuring continued growth and innovation.”
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.
“Ultimately, I think it’s an interesting alternative to the other major networks that exist,” Luxaviation Group CEO Patrick Hansen told AIN. “To be able to provide a good service and a decent offering for all the operators around the world [in which] they can talk to one network, that means something very positive for all the members of the Paragon Network.”