Story ID: 063jan18
Luxaviation Joins Paragon Network
By: Curt Epstein
Caption: One of the world's largest private avaition companies, is testing the waters in the world's largest private aviation market.
Word Count: 260

While the Luxaviation Group is one of the largest companies in private aviation, the Europe-based group has had little presence thus far in the U.S. This will change soon following its announcement of a strategic partnership that will see its Execujet chain of FBOs join the Paragon Aviation Group, a network of largely U.S., independent service providers. With 23 FBOs to phase into the Paragon network starting immediately, the Execujet addition will bring Paragon to more than 50 locations worldwide, according to Luxaviation Group CEO Patrick Hansen. “Today, most of our FBOs do not work like a network,” Hansen told AIN. “This adds that piece to the puzzle.”

The agreement will also make the Paragon network the preferred FBOs for Luxaviation and Execujet managed aircraft and clients, as well as those from Asian aviation services provider BAA, Wholly owned by China Minsheng Investment Group (CMIG), BAA also owns a large stake in Luxaviation. “The agreement with Luxaviation Group, including BAA and Execujet, will increase the traffic in our FBOs,” noted Mike Delk, Paragon’s president and CEO. “We are looking forward to bringing the expertise of two elite networks together to enhance the customer experience as they travel around the world.”

For Luxaviation this deal could eventually be leveraged into bringing Execujet FBOs into the world’s largest business aviation market. “It’s a good start in the U.S.” noted Hansen. “This is dipping our toe in there.”

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