Dassault Aviation has reached an agreement to acquire TAG Aviationâs European maintenance operations, the companies announced today. TAGâs main service location for the region is Geneva, where it operates a âone-stop shopâ in a 64,600-sq-ft (6,000-sq-m) hangar. Also in Switzerland, TAG Sion provides maintenance activities from a 34,400-sq-ft (3,200-sq-m) facility. Other locations include the popular business hubs of Farnborough and Paris Le Bourget Airports, as well as Lisbon.
âThe acquisition of TAG Aviation, a major MRO provider, will allow Dassault Aviation to reinforce its European service center network,â said Dassault chairman and CEO Eric Trappier. âWith TAG Maintenance Services, we intend to develop further a network of excellence and to support TAGâs different aircraft clients with the same commitment to service quality, while expanding the share of Falcon maintenance activities controlled by the Dassault Group.â
TAG Group president Mansour Ojjeh noted his company has built up its maintenance division, specializing in Dassault and Bombardier business jets, over the past two decades. âGiven 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 its employees and shares TAGâs high business standards,â he said.
Once the necessary approvals on the transaction are received, Dassault expects the integration to take place over the next few months.