Singapore-based start-up Ojets (Singapore Seletar) has announced it has acquired Slovenian business aircraft management, charter and services operator Elit'Avia (EAV, Ljubljana) for an undisclosed sum.

In a statement, OJets said the acquisition is a strategic move that allows it to leverage the Slovenian firm's operational experience and reputation for professionalism.

"Thanks to it, OJets’ operations are managed under the Maltese AOC that Elit’Avia has held for years, Elit'Avia Malta (EAU, Malta Int'l), which permits global access – including flights to the USA. Furthermore, the acquisition enriches OJets’ total service offering by integrating aircraft management and charter with private fleet operations," it said.

The new company's chief executive is Nicholas Houseman who has co-owned Elit’Avia since 2011 and founded Zenith Jet in 2008. Elit’Avia Chairman Michel Coulomb and CEO Puja Mahajan will continue to serve longstanding clients and manage day-to-day operations of Elit’Avia as a wholly-owned subsidiary of OJets.

“Under Michel and Puja’s expert management and steady guidance, Elit’Avia will continue to serve existing and prospective clients with industry-leading aircraft management, charter and VIP travel services," Houseman said. "Collectively, our clients will benefit from access to more aircraft and more pilots, and an extended global reach with fixed operations and offices in Asia, Europe and North America. Our vision is to draw from our numerous strengths to offer an unprecedented level of service to discerning clients worldwide."

Further to the Elit'Avia acquisition, OJets has also agreed to acquire two aircraft (a Bombardier Global 6000 and a Bombardier Aerospace Challenger 650) from Minsheng Financial Leasing Co., Ltd. The company also pledged to quadruple this figure within the next 90 days. OJets’ acquisition of Elit’Avia expands its total number of owned/managed aircraft from two to 23.