Luxaviation Group has acquired London Executive Aviation (LEA,) as it looks to cement its position as one of Europe’s largest business aviation groups.
LEA, one of the UK’s largest business aviation charter operators, will continue to be led by CEO Patrick Margetson-Rushmore and managing director George Galanopoulos - both will retain significant shareholdings in the company.
Luxaviation operates across five European countries and has a combined fleet of 90 aircraft. In common with other acquisitions by the group, LEA will retain its “identity”, “leadership” and “operational independence”.
Patrick Hansen, co-CEO of Luxaviation Group, said: “The integration of LEA into Luxaviation Group represents a further important step in our international growth strategy and superbly complements Luxaviation’s market-leading operations in Germany, France, Belgium and Luxembourg.
“With economic recovery beginning to take hold across Europe, this is the ideal time to create a new force in European business aviation that harnesses the expertise, reputation and combined scale of the region’s most outstanding operators.”