BAA and Luxaviation Group form alliance
According to a company statement, the alliance will see BAA provide expertise in integrating western experience of business jet management to China’s private aviation sector, working in synergy with Luxaviation Group. “The collaboration will see customers benefitting from the enhanced privileges of a premium global infrastructure and service culture of a truly global aviation business providing charter, FBO, maintenance, aircraft management and aircraft transactions with operations in Europe, Asia, Australasia, Africa, the Middle East, the Caribbean and Latin America,” the statement further reads.
BAA provides aircraft management services for business jet owners in the Greater China region (Chinese mainland, Hong Kong, Macau and Taiwan); the Luxaviation Group manages a fleet of more than 260 aircraft and has 1,600 employees worldwide, in addition to owning 25 FBOs and 15 MRO centres through its subsidiary ExecuJet.
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CMIG Aviation, which is part of the China Minsheng Investment Group, fully owns BAA. President of CMIG Aviation Mr. Zhu Yimin said:
“This new strategic partnership in aviation services will undoubtedly help play a highly important role in the further growth and development of China’s business aviation market,” comments Zhu Yimin, President of CMIG Aviation, part of the China Minsheng Investment Group and owner of BAA. “The agreement will bring the combined private and business aviation expertise of East and West in one unified service offering, with the kindred companies able to support and complement each other’s operations across Europe and Asia.”