Portugal’s Air Luxor group has restructured most of its business aviation activities under a new subsidiary called Masterjet. The company decided to abandon the name Air Luxor Corporate Jets, partly due to negative perceptions of the name associated with an incident last year in which a McDonnell Douglas MD-83 operated by Egyptian carrier Luxor Air almost crashed into the French city of Nantes. Luxor Air has since been banned from using the airspace of France, the Netherlands, Belgium, Switzerland and Italy, following an inquiry into the operator’s safety standards.
Masterjet is involved mainly in aircraft management and executive charter, with bases in the Portuguese capital Lisbon and at Paris Le Bourget Airport. Its managed fleet currently consists of a Cessna Citation X and a Citation Excel, a Dassault Falcon 900, a Raytheon Hawker 800 and an Airbus Corporate Jetliner (ACJ).