Press Release

Issued by .

December 8, 2016

Today, Austria-based Europ Star Aircraft GmbH and Russian Insat Aero announced an extension and expansion of their ongoing partnership.

“We are excited to name Insat Aero our official partner for Russia,” said Werner Welz, CEO Europ Star GmbH. “Over the past five years we have developed a mutual feeling of respect and recognition which we are delighted to reflect in Insat Aero's status to our company.”

Klagenfurt, Carinthia headquartered Europ Star Aircraft GmbH and Insat Aero of Moscow have closely worked together in financing, operational management and charter flight organization as well as technical aircraft management.

“We are looking back at five successful years and expect many more,” said Dmitri Markov, CEO Insat Aero.

Insat Aero and Europ Star GmbH currently manage a fleet including class-leading jets like the Bombardier Global Express, Challenger and Embraer Legacy series.

“Europ Star has proven to be an extremely reliable and competent partner in the industry. Their unique and customer-focused solutions as well as meticulous attention to detail speak for themselves. Over the past five years Europ Star has earned our trust and respect. Our customers can continue to expect optimal TCO and high residual value of the assets they entrust us with”, added Dmitri Markov.

“The best currency in aviation is trust. Due to our partnership across a whole array of functions (Insat Aero using our AOC as well as being provided CAMO and flight operations) we have become two highly integrated companies. Insat Aero adds a highly specialized network in Russia and Eastern Europe to our expertise. Both areas offer exciting growth opportunities for our companies” added Welz.