Biggin Hill’ s biggest fixed-base operation Rizon Jet has been snapped up by aircraft finance and leasing company Lionhouse for an undisclosed sum. The acquisition clears the way for the upscale FBO – originally part of a Qatar-based business – to fulfill its ambition to expand its portfolio of services and footprint at the London business aviation airport with additional hangarage and ramp space.
It comes after Rizon swooped for maintenance, repair and overhaul provider GroupJet – owner of the JETS engineering shops at Bournemouth airport and Biggin Hill – to expand its business aviation MRO offering.
Rizon currently provides base and line maintenance on Bombardier Learjet, Challenger and Global business jets, as well as the Hawker series. JETS, meanwhile, offers MRO support on a range of types including the Dornier 328, Cessna Citations and Dassault Falcons. The company is also in talks with another airframer to support its European-based fleet.
“This strategic acquisition allows us to consolidate our engineering offering and combine the strengths of the two companies,” says Rizon chief executive Allan McGreal. “The JETS business at both sites will give Rizon access to an increased, more consolidated and specific capability,” he continues. The sale is expected to be completed by July. ■
Source: Flight Daily News
