Edward Queffelec, Patrick Hansen, Karol Gueremy and Philip Queffelec join forces across Europe

Luxaviation Group acquires Masterjet

Luxaviation, the Luxembourgish business aviation group, has completed its acquisition of Masterjet, a Portuguese AOC headquartered in Lisbon and operating business jets from Paris Le Bourget.

With 44 employees in Paris and 13 aviation experts based in Lisbon, Masterjet operates a fleet of eight business jets ranging from Falcon to Learjet types as well as an Airbus 320, mainly targeting head of state clients. As part of Luxaviation Group, Masterjet will continue to be led by its president, Edward Queffelec, son of founder Philip Queffelec, along with managing director Karol Gueremy.

Luxaviation Group now has 520 employees across six European operating companies: Luxaviation (Luxembourg), Luxaviation Germany, Abelag (Belgium), Unijet (France), LEA (UK) and now Masterjet (Portugal). Luxaviation Group is also active in the high growth markets of Asia Pacific through a commercial office in Singapore. Luxaviation Group now operates a combined fleet of close to 100 business aircraft, with particular strengths in the fast-growing large cabin business jet market.

Patrick Hansen, co-ceo, says: “The expertise, reputation and combined scale of the region's most outstanding operators provide the group with an unmatched leverage. With the addition of the company's Airbus 320 to our fleet, we will be able to serve the market with the strategic potential supported by state-of-the-art technical and commercial experience that Masterjet offers the head of state sector.”