Prima Air Group Acquires Pegasus Elite Aviation

Date:

Key Takeaways

  • Prima Air Group acquired Pegasus Elite Aviation, bolstering its presence in the private jet industry.
  • The acquisition allows Prima Air Group to incorporate Gulfstream aircraft into its offerings and extends its operational footprint.

Van Nuys–Pegasus Elite Aviation, a provider of private jet services, has been acquired by Prima Air Group.

Pegasus Elite Aviation operates and manages a fleet of Gulfstream aircraft, serving clients worldwide. The acquisition, which took place in late 2022, will allow Prima Air Group to expand its offerings and presence in the private jet industry.

Fleet Expansion and Operational Advancements

Post-acquisition, Prima Air Group’s fleet includes Turboprop aircraft and the Gulfstream G650ER. The company has over 100 full-time employees, including 49 pilots and 25 flight attendants.

The acquisition is part of Prima Air Group’s plan for long-term growth.

“With the combination of elite management, high-level operational experiences and efficiencies, along with the ever-expanding fleet of managed and owned aircrafts by Pegasus, Prima Air’s future vision and business models will establish the company as a strong player and industry leader,” said Lina Tullberg, Partner and CEO of Prima Air Group, in a news release.

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“With the leadership of Dr. Huang and Lina Tullberg, Pegasus Elite Aviation will excel with a substantially enlarged and improved aircraft fleet,” Tim Prero, CEO of Pegasus Elite Aviation, added.

Record-Breaking Fleet Expansion

Pegasus is growing its fleet by adding a Gulfstream 650ER. The release notes that the Gulfstream 650ER holds the record for being the fastest and farthest-ranging private jet, with a maximum speed of 0.925 Mach and a range of 7,500 nautical miles.

What We Think

The acquisition of Pegasus Elite Aviation by Prima Air Group marks a strategic move aimed at consolidating and broadening its influence in the private jet sector.

The addition of Gulfstream aircraft further enhances their capabilities, positioning them as a formidable force in providing elite aviation services.

With a focus on fleet expansion and operational efficiencies, this move is poised to strengthen its position as a leader in the industry, setting the stage for sustained growth and innovation in the luxury air travel market.

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Link to the news release.

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