Luxaviation Group enters US FBO market by joining forces with Paragon Network

Shanghai/ Luxembourg, 22 November 2017 - Luxaviation Group, the world’s second largest private aviation group, today announced a strategic collaboration with US Paragon Aviation GroupTM, the facilitator of The Paragon NetworkTM, creating a FBO network of 52 FBOs around the world of which 25 are in the USA.

The strategic collaboration includes Luxaviation Group FBO management company, ExecuJet, Paragon Aviation Group and BAA (owned by CMIG Aviation and part of the China Minsheng Investment Group), which provides high-level aircraft management services for business jet owners in the Greater China region.

The ExecuJet Fixed Based Operators (FBOs) will join the Paragon Network in the coming months, herewith doubling the size of the Paragon NetworkTM and providing a substantial international presence.

In addition, The Paragon NetworkTM will see its traffic increase significantly as they are now the preferred FBOs for both Luxaviation Group and BAA’s combined fleet of more than 300 business jets.

Patrick Hansen, CEO of Luxaviation Group said: “We are proud to have the opportunity to combine our expertise and create an even larger FBO network of more than 50 FBOs.” Ettore Poggi, Group FBO Director, adds: “We have a strong commitment to service excellence and Paragon Aviation Group enhances and extends our high-quality standards of services which we offer to our clients throughout our FBOs.”

Mike Delk, President and CEO of Paragon Aviation GroupTM added: “The agreement with Luxaviation Group, including BAA and ExecuJet will increase the traffic in our FBOs. We are looking forward to bringing the expertise of two elite FBO networks together to enhance the customer experience as they travel around the world.”

President of CMIG Aviation Mr. Zhu Yimin said: “Joining forces with the Paragon NetworkTM will undoubtedly help Luxaviation Group play a highly important role in the further growth and development of its activities in the US business aviation market.”

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About Paragon Aviation Group LLC
Paragon Aviation Group LLC is a distinguished network of 27 independent FBOs that provide an elite experience to general aviation travelers world-wide. Paragon Aviation Group performs a comprehensive audit of the facility and services offered to ensure the quality of the member base before any FBO joins The Paragon Network. Each member FBO must comply with a set of strategically developed core standards to remain in the group.

About Luxaviation Group
Luxaviation is one of the largest private aviation operators worldwide, currently managing more than 260 aircraft under the most stringent safety standards. The company’s commercial fleet is operated under the regulatory umbrella of 15 regional civil aviation issued air-operating certificates (AOCs). Luxaviation manages 25 world-class FBO facilities and 15 maintenance centres worldwide, certified to work on most business jets. Luxaviation currently employs more than 1,700 employees worldwide. Further information: www.luxaviation.com.