Gestair in the media

Discover all the news about Gestair published in the media.


Executive aviation has small dreams

Private Airlines aim at the middle size business to recover momentum.

A battle is emerging in the skies: over who is going to transport those working in a globalised economy in which businesses are expanding through and outwith time zones and continents. While large airlines are becoming more competitive with new and better – and expensive – offers to its business passengers, executive (or private) aviation is gaining momentum to bring them to the promised land: convincing businesses with international ambitions that using a private aeroplane is not a luxury, but instead an economically reasonable decision which allows a more efficient use of time.

The United States' association in the sector, the National Business Aviation Association (NBAA) justifies this affirmation with a report published in 2010, which investigated 384 businesses...


Gestair enters the black

José Ramón Barriocanal believes that the Nazca Capital fund has brought "the necessary support for consolidation in Spain and to undertake growth in Europe...


A private jet; an increasingly economical luxury

With the crisis, internationalisation is an escape for Spanish businesses. However, it also requires travel. "How" and "how much will it cost" are two questions which companies ask when expanding to another country.

Each year, according to Marcel Forns, director general of Gebta, the association which brings together the main business travel agents, this market (flights, hotels, meetings, etc.) is worth 13 billion euros in Spain. Forns states that business travel "makes up a part of business activity". With the arrival of the crisis, this sector fell heavily. "Travel was the first thing that was cut,"" states the director general. However, businesses "saw that giving up travel affected their business," which reduced the expenditure "in the short term, but not the mid or long term".

Due to lack of studies, it is not known what proportion of the 13 billion euros corresponds to the executive flights made on private aeroplanes. These have connotations of luxury and large businesses. However, the sector argues that it is a useful tool and, ultimately, economical for the work of businesses interested in expanding...


In July alone 1,700 private jets landed, and at the end of the year there will be 12,000

Hiring a small aeroplane between Palma and the Peninsula will cost between 6,000 and 10,000 euros, depending on the aircraft type and services.

Some 12,000 private jets may land at the airport of Palma de Mallorca this year. In July alone, there were a total of 1,700 flights, according to the General Aviation Platform. Two companies, Gestair and Mallorcair, assist in the ground maintenance of these aircraft (handling or FBO), companies which have the right to provide aeronautical services, such as aircraft hire, maintenance, fuel, flight instructions and other services...


Gestair revived thanks to Nazca Capital

After 6 months of intense negotiations, Nazca Capital announced the acquisition of 100% of Gestair’s shares, which also includes shares in the Corjet maintenance company and the other 50% which was owned by Iberia.

Barely a month after the purchase, we have been able to see the future plans first hand, speaking with their main managers.


The company’s problem has been its debt, not its operation

In April this year the most durable corporate aviation operator in Spain, Gestair, was finally acquired by the Nazca capital fund, which thus ensured the continuity of the main company in this type of aviation in our country.

José Ramón Barriocanal states that there has been a “long journey” over two years, searching for an investor who would guarantee the continuity which has been running for 37 years, with the best fleet, operations and clients in our country...


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