The main shareholders of Electra Airways, Classic Air, ETG Maintenance and Maverick Horizon have set up Vector Group, based in Tel Aviv, as a “vertically integrated” amalgam of the quartet. The group brings together Bulgarian airline Electra, compatriot maintenance provider ETG, Irish lessor Maverick and Maltese-Israeli sales agent Classic. “Each of the four companies has been working for a long time in the aviation industry, but being part of the group will strengthen their position on the market,” said Effi Grunwald, chief executive of the group and of Classic Air. “The Irish lessor will focus on acquiring mid-life A320 Family
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