Dassault Aviation acquires TAG Aviation Group
French private aircraft manufacturer Dassault Aviation has entered into an agreement with the business aviation operator TAG Aviation Group to acquire the company's business of maintenance and repair (MRO) services for business aircraft in Europe. The integration of TAG Aviation maintenance services into Dassault should be completed in the coming months, immediately after receiving all the administrative permits, the company said.
“The acquisition of the maintenance activities of TAG AVIATION, a major MRO provider, will allow Dassault Aviation to reinforce its European service center network. With TAG Maintenance Services, we intend to develop further a network of excellence and to support TAG different aircraft clients with the same commitment to service quality, while expanding the share of Falcon maintenance activities controlled by the Dassault Group”, declared Eric Trappier, Chairman and CEO of Dassault Aviation.
“We have been working hard over the past twenty years to build up a high quality maintenance organization, specializing in the Dassault and Bombardier product lines”, remarked Mr. Mansour Ojjeh, President of TAG Group, the majority shareholder of TAG Aviation. “During that time we have built a strong relationship with Dassault Aviation, based upon mutual trust and respect. Given the many challenges faced by independent MROs in the current industry environment, we are pleased to sell this segment of TAG Aviation to a respected OEM who values it’s employees and shares TAG’s high business standards”.
The main base of TAG in the region is Geneva, at the airport of which there is a hangar with an area of ??6 thousand square meters. Another technical center in Switzerland is located in Sion. Among the popular hubs of business aviation, where TAG repair bases are present, are Farnborough, Paris (Le Bourget) and Lisbon.
In January, Dassault Aviation acquired the ExecuJet maintenance service provider, a subsidiary of Luxaviation, a Luxembourg business aviation operator.
As Mansur Ojieh, President of the TAG Group, noted, independent MRO service providers are now facing many challenges, which is why the company is pleased to sell its Dassault Aviation maintenance business.