OJets, which last week launched a charter operation in the Asia Pacific region with a Bombardier Global 6000 and Challenger 650, has acquired Slovenia-based business aviation services provider Elit’Avia. Based in Singapore, OJets had purchased the initial two aircraft through Minsheng Financial Leasing Co., but has laid out ambitious plans to quadruple its initial fleet over the next 90 days as it builds on its new charter and block-hour programs.

The acquisition of Elit’Avia, based in Ljubljana, accelerates that growth and gives OJets an anchor in the European aircraft management, charter, and aviation services market. With it, the number of owned and managed aircraft jumps from two to 23, and further brings to OJets “a decade-long wealth of operational experience,” the company said. OJets operations will be managed under Elit’Avia’s Maltese AOC, opening up global access, including flights to the U.S.

The combined entity will be led by Elit’Avia co-owner Nicholas Houseman, who will serve as OJets' CEO. Houseman, who has had a stake in Elit’Avia since 2011, founded Zenith Jet in 2008 and previously served with Bombardier. Elit’Avia chairman Michel Coulomb and CEO Puja Mahajan, meanwhile, will continue to manage the day-to-day operations and service the clients of Elit’Avia as a wholly owned subsidiary of OJets.

“OJets represents the optimization of luxury business aviation services,” Houseman said. “With our private fleet, we are offering services that respond to current market conditions by minimizing capital commitment and eliminating asset risk. Collectively, our clients will benefit from access to more aircraft and more pilots, and an extended global reach with fixed operations and offices in Asia, Europe, and North America.”