in Aerospace

Victor acquired by an Abu Dhabi-based Aviation Investment Group

Posted 23 November 2023

Jet charter company Victor has been acquired by an Abu Dhabi-based Aviation Investment Group.

Image courtesy Victor

The acquisition supports Victor’s aim of becoming the number one on-demand private jet broker in the world. With support from its new shareholders, Victor is now well positioned to grow and expand into new markets and cement its position within the sector.

The new ownership follows a three-year growth plan set in motion by co-CEO’s Toby Edwards and James Farley in 2020, which has earned Victor its place as one of the fastest growing companies within Business Aviation and a leader in its approach to sustainability. There is a desire from both parties to retain the three core fundamentals of Victor’s offering: Transparency, Customer Service and Sustainability.

Toby Edwards, co-CEO, Victor said: “I am proud of the journey that Victor has taken to date and the huge opportunity that lies ahead. This acquisition will provide the financial and strategic backing to make our vision a reality. This includes Victor continuing to take a leadership role in making aviation more sustainable, and adopting the most credible carbon emission reduction solutions, such as Sustainable Aviation Fuel. The acquisition will not affect the transparent, high-quality service that has become the cornerstone of Victor’s offering. Our excellent service will remain consistent with what our global base of customers have come to trust and expect from our highly knowledgeable and talented team.”

While growth plans have not yet been announced, it is highly likely that upgrades to Victor’s customer service will come in the way of new talent with deep local knowledge of the markets that the brand will expand into. Stronger relationships with key regional operators will come hand in hand with this, enabling Victor to strengthen its service.

James Farley, co-CEO, Victor said: “In Victor, our new shareholders identified not only the team’s talent and ambition, but also their pioneering approach to climate action. From the very beginning of the engagement process, they understood the value drivers of Victor and the quality of its people and I have no doubt they will help the business prosper and significantly scale. We have found a great home for our company and Toby and I are very excited about the next stage of the journey.”

“At this time, Toby and I would like to thank all the staff at Victor for their patience throughout this process and their commitment to the vision and their work over the past 11 years to get us to this point. Our company is only in a position to evolve and scale because of them and those that have backed us. With that in mind, I'd also like to thank all our previous shareholders, especially Clive our founder and former shareholder, who led the management buyout in March 2020 and backed myself and Toby to run the business. He departs us today as Chairman with a legacy at Victor that is immeasurable.”

Other Stories
Advertisement
Latest News

Airbus and LCI to develop AAM ecosystems

Airbus and LCI have announced a collaboration agreement to jointly develop ecosystems for Advanced Air Mobility (AAM).

Bristow signs AW189 Framework Agreement with Leonardo

Leonardo and Bristow Group have announced a new framework agreement, including firm orders for 10 AW189 super medium helicopters plus 10 options.

UK Defence Secretary Grant Shapps visits RAF Valley

The UK's Secretary of State for Defence Grant Shapps visited RAF Valley recently to see the results of £775 million invested in state-of-the-art equipment to train the next generation of pilots.

Ascent continues UK military aircrew training upgrade

Ascent Flight Training and Lockheed Martin recently demonstrated two advanced prototype Texan Virtual Reality Trainers – part of a range of simulators joining the training programme at RAF Valley.

Leonardo and Sloane enhance partnership in UK and Ireland

Leonardo and Sloane have announced a major reinforcement of their collaboration in the UK and Ireland commercial helicopter market at Heli-Expo 2024, with the signing of Preliminary Sales Contracts for nine AW09 next-generation

IATA releases 2023 Safety Report

The International Air Transport Association (IATA) has released its 2023 Annual Safety Report for global aviation, highlighting the continued progress made on aviation safety, with several 2023 parameters showing

ODU SK0106300622
See us at
Space Comm Expo BTDVD BT