R. Schwarz Holding, a holding company based in Vienna, has acquired 100% of the shares in the business charter company Tyrolean Jet Service (TJS) from the Swarovski family. This is reported by the Tiroler Tagezeitung, citing local sources.
Tyrolean Jet Service operates a fleet of business jets, including a variety of models such as Cessna Citation CJ1+, CJ2, Citation XLS+, Global 5000, E505, Falcon 900EX and Falcon 7X. Part of the fleet is currently registered through TJS Malta, while the company also holds an Air Operator's Certificate in San Marino but has no aircraft registered there.
Tyrolean Jet Service was founded in 1958 as the Swarovskis' corporate flight division. The company later expanded to include scheduled flights and became known as Tyrolean Airways before being taken over by Austrian Airlines in 1998. Ambulance flights under the Tyrol Air Ambulance brand were also part of the portfolio, which is now owned by the US-based Phoenix Air Holding.
R. Schwarz Holding is managed by Reuwen Schwarz and Jill Ruth Wyler. Reuwen Schwarz is also a board member of Air-Corviglia, a virtual Swiss airline that operates a PC-12NG for business charter flights under the AOC of AXIS Aviation. The acquisition of Tyrolean Jet Service by R. Schwarz Holding marks a strategic step in the company's development in the field of business aviation.
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