Luxaviation going mad again?
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Luxaviation going mad again?
Aviators hi,
I got told by another pilot that Luxaviation acquired Jet Advisor, an external Dispatch company in Romania, to centralize again the Dispatch.
Apparently ExecuJet people in the UK are being told that there won't be a job to go back to after COVID!
Has anyone confirmation for this? I'm quite worried about yet another quality slip in the service.
What's wrong with Luxaviation, they don't seem to have much of an idea of what they want to do: no strategy...
I got told by another pilot that Luxaviation acquired Jet Advisor, an external Dispatch company in Romania, to centralize again the Dispatch.
Apparently ExecuJet people in the UK are being told that there won't be a job to go back to after COVID!
Has anyone confirmation for this? I'm quite worried about yet another quality slip in the service.
What's wrong with Luxaviation, they don't seem to have much of an idea of what they want to do: no strategy...
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Feel sorry for everyone left at this shambles of a company. Get out while you can folks. The Swiss German, pompous mess, that supposedly runs it needs to Nob off.
Aviators hi,
I got told by another pilot that Luxaviation acquired Jet Advisor, an external Dispatch company in Romania, to centralize again the Dispatch.
Apparently ExecuJet people in the UK are being told that there won't be a job to go back to after COVID!
Has anyone confirmation for this? I'm quite worried about yet another quality slip in the service.
What's wrong with Luxaviation, they don't seem to have much of an idea of what they want to do: no strategy...
I got told by another pilot that Luxaviation acquired Jet Advisor, an external Dispatch company in Romania, to centralize again the Dispatch.
Apparently ExecuJet people in the UK are being told that there won't be a job to go back to after COVID!
Has anyone confirmation for this? I'm quite worried about yet another quality slip in the service.
What's wrong with Luxaviation, they don't seem to have much of an idea of what they want to do: no strategy...
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Aviators hi,
I got told by another pilot that Luxaviation acquired Jet Advisor, an external Dispatch company in Romania, to centralize again the Dispatch.
Apparently ExecuJet people in the UK are being told that there won't be a job to go back to after COVID!
Has anyone confirmation for this? I'm quite worried about yet another quality slip in the service.
What's wrong with Luxaviation, they don't seem to have much of an idea of what they want to do: no strategy...
I got told by another pilot that Luxaviation acquired Jet Advisor, an external Dispatch company in Romania, to centralize again the Dispatch.
Apparently ExecuJet people in the UK are being told that there won't be a job to go back to after COVID!
Has anyone confirmation for this? I'm quite worried about yet another quality slip in the service.
What's wrong with Luxaviation, they don't seem to have much of an idea of what they want to do: no strategy...
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Seems to be history repeating itself... or maybe just seeing what sticks to the proverbial wall. Let's look at the timeline:
2011: ExecuJet have ~20 experienced, capable albeit slightly inefficient people in Zurich, doing decent work. They are paid quite a lot. Clients are mostly happy. Management decide to move Ops to the UK to cut costs and consider buying a mid-size ops company in the UK. For some reason this does not work out so they hire some UK based Ops people and send them to Zurich for training.
2012: The 20 Swiss are mostly fired and replaced by 6-7 Brits, who are somewhat trained, and 5-6 neophytes who need quite a bit of training, based at new Cambridge FBO. Quality decreases markedly.
2013-2014: One of the Swiss who didn't get fired takes the helm in the UK and cleans up. Quality gets better.
2015: Lux buys ExecuJet. The remaining Swiss leaves. Things go downhill from here onwards, despite valiant efforts of some. Churn increases
2017: Lux spins off purchasing to a separate company... and then sells the company. Funny as the whole point of Lux was to save money for owners by aggregating purchasing, right?
2018: Centralised Ops in Cambridge cancelled due to poor service quality. Each sub-part of Lux does own Ops.
2020: Outsource and re-centralise again, this time in Romania.
2021: ???
2022: Profit!
2011: ExecuJet have ~20 experienced, capable albeit slightly inefficient people in Zurich, doing decent work. They are paid quite a lot. Clients are mostly happy. Management decide to move Ops to the UK to cut costs and consider buying a mid-size ops company in the UK. For some reason this does not work out so they hire some UK based Ops people and send them to Zurich for training.
2012: The 20 Swiss are mostly fired and replaced by 6-7 Brits, who are somewhat trained, and 5-6 neophytes who need quite a bit of training, based at new Cambridge FBO. Quality decreases markedly.
2013-2014: One of the Swiss who didn't get fired takes the helm in the UK and cleans up. Quality gets better.
2015: Lux buys ExecuJet. The remaining Swiss leaves. Things go downhill from here onwards, despite valiant efforts of some. Churn increases
2017: Lux spins off purchasing to a separate company... and then sells the company. Funny as the whole point of Lux was to save money for owners by aggregating purchasing, right?
2018: Centralised Ops in Cambridge cancelled due to poor service quality. Each sub-part of Lux does own Ops.
2020: Outsource and re-centralise again, this time in Romania.
2021: ???
2022: Profit!
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Ah yes Luxaviation again.......The “Wunderkids” from Luxembourg who arrived on the Bizjet scene with fathomless shed loads of unlimited money ( from where?) blinding all with incomprehensible high finance talk and Harvard inspired genius plans to reinvent business aviation through a tangled web of worldwide operations.
why on earth would they choose Romania? ....the poor man of Europe....systemically corrupt...gangland crime on an industrial scale....a country where bribery of administrative officials is rife and with a “ compliant” judiciary who are not averse to a little persuasion in coming to the “right decision”. ( just Google “ corruption Romania”)
Go figure............
why on earth would they choose Romania? ....the poor man of Europe....systemically corrupt...gangland crime on an industrial scale....a country where bribery of administrative officials is rife and with a “ compliant” judiciary who are not averse to a little persuasion in coming to the “right decision”. ( just Google “ corruption Romania”)
Go figure............
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Very interested to see that last year China Minsheng Investment group (The CMI in Luxaviation) who bought a chunk of Lux in 2015 through a subsidiary Minsheng Aviation We’re in desperate trouble.... having over expanded too quickly ( according to Bloomberg) They defaulted on payments due on hundreds of millions of debt ... both interest and capital payments. In a desperate attempt to keep going they tried to raise money from their employees!
As equity investors in Lux this won’t have any immediate impact on Lux but it’s an interesting insight into the source of clearly a significant amount of Lux’s freely-spent money. One things certain....they havent got money available for further investment!
Anyone an update on the latest with CMI?
As equity investors in Lux this won’t have any immediate impact on Lux but it’s an interesting insight into the source of clearly a significant amount of Lux’s freely-spent money. One things certain....they havent got money available for further investment!
Anyone an update on the latest with CMI?
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When Lux Aviation CMI arrived in the UK in the spring of 2014 with the takeover and purchase of LEA the staff there were well overdue the luxury of an overhaul of management and ideally a removal of the "Beijing style" authoritarian dictatorship.
The very fact nothing much happened at all in the following years started the bells ringing amongst many staff. What happened subsequently was yet more of the same with no improvement in terms and conditions, the removal of a travel allowance to remote bases and what turned out to be a pay freeze that lasted simply years and years. The incumbent Chief Pilot departed and his replacement was a truly bitter pill to swallow. Many experienced crew departed as a result. Few Pilots & FA's were asked why they had resigned and leaving interviews were conducted by a "non flight crew" staff member - invariably a member of the accounts department, this demonstrated the contempt the senior directors had for staff.
Lux treats each company within the group as an individual business that fends for itself- the concept of integration and economy of scale was then and is now a very low priority, the only tangible project to centralise was the utter disaster of moving operational control to Execujet based in Cambridge some 3 years ago - since reversed, but now this essential function is to be relocated it seems and is destined for Romania, a move considered bizarre by many.
Gengis and Tiny Tim earlier make many good points, it all looks a bit strange.
So whatever makes this Company tick may well soon be exposed given the current climate.
The very fact nothing much happened at all in the following years started the bells ringing amongst many staff. What happened subsequently was yet more of the same with no improvement in terms and conditions, the removal of a travel allowance to remote bases and what turned out to be a pay freeze that lasted simply years and years. The incumbent Chief Pilot departed and his replacement was a truly bitter pill to swallow. Many experienced crew departed as a result. Few Pilots & FA's were asked why they had resigned and leaving interviews were conducted by a "non flight crew" staff member - invariably a member of the accounts department, this demonstrated the contempt the senior directors had for staff.
Lux treats each company within the group as an individual business that fends for itself- the concept of integration and economy of scale was then and is now a very low priority, the only tangible project to centralise was the utter disaster of moving operational control to Execujet based in Cambridge some 3 years ago - since reversed, but now this essential function is to be relocated it seems and is destined for Romania, a move considered bizarre by many.
Gengis and Tiny Tim earlier make many good points, it all looks a bit strange.
So whatever makes this Company tick may well soon be exposed given the current climate.
Last edited by ALTSEL; 13th May 2020 at 06:41. Reason: .
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More on China Minsheng...
according to Bloomberg they have two billion USD In debts falling due for repayment this year....and seems unlikely they will be able to make the payment.
Turns out then that maybe their investment in Lux might not have been such a brilliant idea as it does not take a rocket scientist to fathom that Lux have yet to make any profit or pay any dividend to their shareholders.
given everything else that’s going .....RIP CMI seems highly likely.
according to Bloomberg they have two billion USD In debts falling due for repayment this year....and seems unlikely they will be able to make the payment.
Turns out then that maybe their investment in Lux might not have been such a brilliant idea as it does not take a rocket scientist to fathom that Lux have yet to make any profit or pay any dividend to their shareholders.
given everything else that’s going .....RIP CMI seems highly likely.
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As always, there are two sides to this story.
The UK OPS has been a big disaster, that big that many AOCs started their own dispatch again. Many Owners that still use the UK OPS are quite unsatisfied with the service quality - and that is ultimately the main reason why Lux is transferring the remaining UK ops to JetAdvisor. Brexit did the rest.
Meanwhile the Romania OPS works quite well. Anyone whom ever had contact with them knows that they are very hard working people delivering very good quality.
Even the customers that left Lux, always praised the Romania OPS. That can not be said about the UK OPS.
The UK OPS has been a big disaster, that big that many AOCs started their own dispatch again. Many Owners that still use the UK OPS are quite unsatisfied with the service quality - and that is ultimately the main reason why Lux is transferring the remaining UK ops to JetAdvisor. Brexit did the rest.
Meanwhile the Romania OPS works quite well. Anyone whom ever had contact with them knows that they are very hard working people delivering very good quality.
Even the customers that left Lux, always praised the Romania OPS. That can not be said about the UK OPS.
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More on China Minsheng...
according to Bloomberg they have two billion USD In debts falling due for repayment this year....and seems unlikely they will be able to make the payment.
Turns out then that maybe their investment in Lux might not have been such a brilliant idea as it does not take a rocket scientist to fathom that Lux have yet to make any profit or pay any dividend to their shareholders.
given everything else that’s going .....RIP CMI seems highly likely.
according to Bloomberg they have two billion USD In debts falling due for repayment this year....and seems unlikely they will be able to make the payment.
Turns out then that maybe their investment in Lux might not have been such a brilliant idea as it does not take a rocket scientist to fathom that Lux have yet to make any profit or pay any dividend to their shareholders.
given everything else that’s going .....RIP CMI seems highly likely.
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The UK OPS has been a big disaster, that big that many AOCs started their own dispatch again. Many Owners that still use the UK OPS are quite unsatisfied with the service quality - and that is ultimately the main reason why Lux is transferring the remaining UK ops
the millionaire/billionaire owners of the priceless hardware into whose trusted custody Lux depend they will surrender them were never going to be content to have their precious assets handled by faceless individuals in a call centre far away.
As Lux have learned ( so too apparently the Chinese) you cannot commoditise a service such as this and package it up like some soap powder for resale (Lux for example!)
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