Luxembourg

Luxaviation Group completes full acquisition of Paragon

Luxaviation Group, one of the largest business aircraft and helicopter operators worldwide headquartered in Luxembourg, has finalised its acquisition of Paragon Aviation Group, a leading network of FBOs and international handling agents, creating a global FBO network of over 140 locations.

Luxaviation Group has continued to expand its global footprint in the aviation industry. Following the recent acquisition of Sky Valet, which integrated 17 Fixed Base Operations (FBOs) into its ExecuJet brand, Luxaviation has now completed the full acquisition of Paragon Aviation Group.

Paragon Aviation Group is renowned for providing robust support to its members through strategic sales and marketing initiatives via The Paragon Network and their Strategic Partners. This acquisition marks another significant step in Luxaviation's strategy to strengthen its position in the global market, enhancing its service offerings and operational reach.

Crystal Kubeczka is the new President of Paragon Aviation Group. Since its founding in 2011, Paragon Aviation Group has undergone substantial network expansion, operational enhancements, and customer relationship strengthening, fortifying its position as a key player in the industry. In 2017, Luxaviation Group forged a strategic partnership with Paragon Aviation Group.

The integration into Luxaviation’s extensive FBO network will provide substantial international reach and superior services to general aviation customers worldwide. Members of the network benefit from enhanced business opportunities through group networking efforts and extended customer benefits.

Each FBO joining the network undergoes a rigorous audit of their facilities and services to ensure the utmost quality.

Patrick Hansen, CEO of Luxaviation Group, said, “Our continued expansion in the global FBO market offers a compelling alternative to the major networks, ensuring premium service and comprehensive offerings for operators worldwide. Paragon Aviation Group, with their
outstanding FBO services and esteemed industry reputation, enables us to strengthen our commitment to excellence and advance our strategic vision for growth."

Crystal Kubeczka, who will be appointed as the new President of Paragon Aviation Group effective June 1, 2024, said, “The Paragon team is committed to ensuring a seamless transition while upholding the high standards of service our clients expect. I am confident that the new leadership will continue to drive the company's success.”