After doubling its sales and EBITDA, Gestair, a leading executive aviation company in Spain, begins a new phase of growth backed by Azuaga Financial Corporation and Hyperion Fund, which have acquired the company from the GPF fund.
A trajectory of sustainable growth
Founded in 1977 and headquartered in Madrid, Gestair has established itself as the national leader in business aviation management and one of the leading aircraft maintenance and repair operators in Southern Europe. Since 2019, under the guidance of GPF, the company has experienced sustained growth, doubling its revenue and EBITDA through a strategy focused on international expansion and technical specialization.
Expansion in Executive Aviation and Strengthening of MRO Capabilities
Gestair operates with a solid client portfolio in the maintenance of civil, military, and governmental aircraft, both domestically and internationally. This is complemented by logistics services, component management, and technical documentation tailored to the requirements of the defense sector and operations in high-security environments.
From its two fully renovated hangars at Adolfo Suárez Madrid-Barajas Airport, with a total area of over 23,000 m², the company offers a comprehensive maintenance solution for both its own fleet and external clients. This advanced technical capability has positioned Gestair as the MRO center with the highest number of certifications for line and base maintenance in Southern Europe, and the only one in the region capable of providing base maintenance services for aircraft from all major manufacturers in the sector: Dassault, Gulfstream, Hawker, Cessna, Bombardier, Airbus, and Boeing.
Fernando Morales Alba and Gabriel Alonso Spadaro, President and Chief Operating Officer of Corporación Financiera Azuaga, respectively; along with José Antonio Bartrina Giménez and Joaquín Ortiz Escobar, partners at Hyperion Fund.
A New Chapter with Corporación Financiera Azuaga and Hyperion Fund
With the addition of Corporación Financiera Azuaga and Hyperion Fund as new shareholders, Gestair enters a new phase focused on strengthening its European leadership and expanding its operational capabilities.
Fernando Morales, President of Corporación Financiera Azuaga, stated:
“The acquisition of Gestair represents a strategic commitment to a sector with significant growth potential. Gestair is a highly specialized operator with proven experience in both the civil and military fields, and is uniquely positioned to lead the consolidation of the European market.”
