Big is Beautiful: Will Consolidation in BusAv Accelerate and, if so, with what Consequences?
Consolidation is unfolding at a pace never seen before in the sector. There was a time, pundits believed the specificities of business aviation - personal approach, proliferation of small operations with fewer than three aircraft - would act as barriers to large-scale M&As. But recent transactions - GAMA integrating Hangar8 and JetClub, the growing Luxaviation Group, BBA Aviation’s recent acquisition of Landmark Aviation - have paved the way to new business models.
Will Business Aviation follow the same route as other sectors, with the emergence of multinational businesses?
Here is a snapshot of some of the most interesting quotes from the Conference moderated by Taunya Renson from Mach Media.
Patrick Hansen, Luxaviation Group
Chief Executive Officer – Luxaviation Group the second largest business aviation group worldwide, comprising Execujet Aviation Group, London Executive Aviation, MasterJet, Abelag, Unijet and Fairjets.
"We see many small AOCs in Europe trying to sell themselves. There is still a room for consolidation". Tweet
About the brand challenges for Luxaviation/Execujet.
"We keep two separate brands for client purposes. They are used to deal with two brands and customer is what matter most". Tweet
Greg Thomas, PrivatAir
President & Executive Chairman of PrivatAir. He worked as a lawyer for Wilde Sapt, a city of London law firm specialized in banking and finance. A Board member of the Wing’s Club New York, he served as the President of the Wing’s Club Europe in 2010. Mr. Thomas holds a private pilot's licence. He received his LLB in European law from Warwick University, England.
"I have a map in my office showing the aircraft types. Why is there so many different models in business aviation? Industry is still tremendously fragmented, we’ll see an OEM consolidation going on in the future." Tweet
Mark Johnstone, BBA Aviation Flight Support
Mark presently heads up BBA Aviation’s Flight Support business outside of the US which comprises both Signature Flight Support as well as a commercial ground handling business, ASIG. Following the recent acquisition of Landmark Aviation, and SEA Prime in Italy, Signature Flight Support’s global network now comprises 199 FBOs.
"No doubts, we want to add more locations to our network". Tweet
The opinions and analyses expressed on this blog/website are based on our research and are for the sole purpose of providing general information about our agency and our practices. See more at brandingpass.net.
Acknowledgments : Taunya Renson. Pics all rights reserved.
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