Eola Group has purchased a minority stake in Luxaviation Group subsidiary Starspeed, which manages helicopters in the UK. Eola also offers helicopter management services as well as maintenance and charter, and it has two subsidiaries: Monacair in Monaco and Héli Sécurité in France, according to ainonline.com.

Starspeed also offers helicopter pilot training as well as charter services in the Isles of Scilly. It has been in business for 45 years and said it has “operated over 22 types and models of helicopters across more than 65 countries.”

The acquisition of the stake in Starspeed will enable Eola to establish a UK presence, according to the company, which plans to expand further in Europe and add more management services for customers.

“The increasing demand for helicopters, particularly in the business travel and rapidly emerging tourism sector, is largely driven by travellers seeking a safe and efficient means to minimise time-consuming journeys between destinations,” said Patrick Hansen, CEO of Luxaviation Group. “Thanks to Luxaviation Group and Starspeed’s extensive experience, and Eola Group’s skilful expertise in highly secure flights, we aim to bring helicopters to the forefront of business travel in Europe and the world.”

FILE PHOTO: Starspeed

ORIGINAL STORY: https://www.ainonline.com/aviation-news/business-aviation/2024-01-31/eola-buys-stake-helo-management-provider-starspeed