Company type | Private |
---|---|
Industry | Aviation, Motorsports, Hospitality |
Founded | 1977 |
Founder | Akram Ojjeh |
Headquarters | , Luxembourg |
Area served | Worldwide |
Footnotes /references [1] |
TAG Group (Holdings) S.A. is a private holding company based in Luxembourg City, Luxembourg. The name 'TAG' is an acronym of Techniques d'Avant Garde. The company generates revenue through its various subsidiaries that offer products and services in the business aviation, motorsports, hospitality, consumer products and real estate industries.
TAG was formed in 1977 by Akram Ojjeh and was, until his death, led by Chief Executive Officer Mansour Ojjeh, the son of the founder. [1]
One of the first contracts obtained by TAG (Al Mansour, Ets. Akkram Ojjeh, dept. Housing TAG) came from the Saudi Government (presumably for the Royal Saudi Air Force) for works on airports in Riyadh, Tabuk and Khamis Musheit (Abha) (IATA: RUH, TUU and ABH) starting in 1977. A lot of works were subcontracted to the Belgian company CFE S.A.,located in Brussels, who leased a Boeing 707 from Sabena Airlines (callsign OO-SJH, mixed cargo/pax) to transport personnel and materials to/from Saudi Arabia. The OO-SJH carried the TAG logo on its tail for some 3 years.
In 1985, TAG Group (Holdings) S.A. purchased Swiss watchmaker Heuer. TAG Group combined the TAG and Heuer brands to create the TAG Heuer brand and also gave its newly acquired watchmaking subsidiary the combined TAG Heuer name. Under TAG Group's ownership, TAG Heuer modernised its product line and significantly increased worldwide sales. LVMH purchased the TAG Heuer subsidiary in 1999 for US$740 million. [2] TAG Group is now primarily a holding company for Ojjeh's shareholdings in TAG Aviation and McLaren Group.
TAG Aeronautics was the distributor of Bombardier aircraft in the Middle East until January 2016. TAG Aviation SA is the Dealer for the HondaJet business aircraft in Northern Europe.
Based in Geneva, Switzerland, TAG Aviation is a provider of business aviation services, aircraft management, aircraft charter, maintenance, sales and acquisitions. TAG Aviation USA, Inc is the American aviation management company located in San Francisco. TAG is a broker for and part owner of the AMI Jet Charter company in San Francisco that holds the FAA air carrier certificate to operate in the US. In late 2007 AMI Jet Charter's air carrier certificate was revoked by the FAA due to alleged operational control violations. However, there is ongoing speculation the FAA had other motives other than operational control.[ citation needed ] The company now operates solely as a broker of aircraft. In August 2016, TAG Aviation signed a partnership with Stratajet to offer its customers TAG's fixed base operator (FBO) services as part of their booking options.
TAG Farnborough Airport Ltd. is a subsidiary of TAG Aviation which owns the freehold on Farnborough Airport southwest of London in the United Kingdom. The freehold was bought from the UK MOD Ministry of Defence in 2007 following the previous 99 lease agreement signed in 1999. In 2018, the CAA's decision to grant TAG's application for large controlled zones in a large swathe of airspace near Farnborough was to be investigated by the All-Party Parliamentary Group (APPG) on General Aviation. [3]
Formula One World Championship career | |
---|---|
First entry | 1983 Dutch Grand Prix |
Last entry | 1987 Australian Grand Prix |
Races entered | 68 |
Chassis | McLaren |
Constructors' Championships | 2 (1984, 1985) [note 1] |
Drivers' Championships | 3 (1984, 1985, 1986) [note 2] |
Race victories | 25 [note 3] |
Podiums | 54 [note 4] |
Points | 405.5 [note 5] |
Pole positions | 7 [note 6] |
Fastest laps | 18 [note 7] |
TAG sponsored Formula One team Williams during the early 1980s, covering the period when team drivers Alan Jones and Keke Rosberg won the 1980 and 1982 World Championships respectively. During the 1983 season, Mansour Ojjeh had a meeting with McLaren team boss Ron Dennis, who offered Ojjeh the chance of not just a sponsorship deal but having part ownership of McLaren. Ojjeh agreed and the McLaren relationship continues to this day, with the TAG Group currently owning 14% of McLaren Group. [4] Consequently TAG also has stakes in McLaren Group's subsidiaries. McLaren's most famous companies include McLaren Racing and McLaren Automotive.
(key) (results in bold indicate pole position; results in italics indicate fastest lap)
Other areas of business include advanced technology, real estate and consumer products.[ citation needed ]
Gulf Oil was a major global oil company in operation from 1901 to 1985. The eighth-largest American manufacturing company in 1941 and the ninth largest in 1979, Gulf Oil was one of the Seven Sisters oil companies. Prior to its merger with Standard Oil of California, Gulf was one of the chief instruments of the Mellon family fortune; both Gulf and Mellon Financial had their headquarters in Pittsburgh, Pennsylvania, with Gulf's headquarters, the Gulf Tower, being Pittsburgh's tallest building until the completion of the U.S. Steel Tower.
Cargolux, legally Cargolux Airlines International S.A., is a Luxembourgish flag carrier cargo airline with its headquarters and hub at Luxembourg Airport. With a global network, it is among the largest scheduled all-cargo airlines in the world. Charter flights and third party maintenance are also operated. It has 85 offices in over 50 countries as of 2018, and operates a global trucking network to more than 250 destinations.
The Porsche 930 is a turbocharged variant of the 911 model sports car manufactured by German automobile manufacturer Porsche between 1975 and 1989. It was the maker's top-of-the-range 911 model for its entire production duration and, at the time of its introduction, was the fastest production car available in Germany.
Lycoming Engines is a major American manufacturer of aircraft engines. With a factory in Williamsport, Pennsylvania, Lycoming produces a line of horizontally opposed, air-cooled, four, six and eight-cylinder engines including the only FAA-certified aerobatic and helicopter piston engines on the market.
Sir Ronald Dennis is a British businessman and an Official British Business Ambassador for the United Kingdom. He is best known for his former role as owner, CEO, chairman and founder of McLaren Group. Dennis was removed from his McLaren management roles in 2016 but remained a director of the company and a 25-per-cent shareholder until June 2017, when his 37-year association with the company ended.
McLaren Group Limited is a British holding company based in Woking, England, which is involved in Formula One and other motorsport and the manufacture of sports cars.
TAG Heuer S.A., founded Heuer AG is a Swiss luxury watchmaker. Founded in 1860 by Edouard Heuer in St-Imier, Switzerland, it was acquired by Techniques d'Avant Garde in 1985, which purchased a majority stake in the company, forming TAG Heuer. In 1999, French luxury goods conglomerate LVMH bought nearly 100 percent of the Swiss company. The name TAG Heuer combines the initials of "Techniques d'Avant Garde" and the founder's surname.
Republic Airways Inc. is an American regional airline headquartered in Indianapolis, Indiana, United States. Republic operates and maintains aircraft used on flights that are scheduled, marketed and sold by a partner mainline airline. The company is contracted by American Airlines, Delta Air Lines, and United Airlines.
The Society of British Aerospace Companies was the UK's national trade association representing companies supplying civil air transport, aerospace defence, homeland security and space. As of October 2009 SBAC merged with the Defence Manufacturers Association and the Association of Police and Public Security Suppliers to form the ADS Group.
The Porsche 956 was a Group C sports-prototype racing car designed by Norbert Singer and built by Porsche in 1982 for the FIA World Sportscar Championship. It was later upgraded to the 956B in 1984. In 1983, driven by Stefan Bellof, this car established a record that would stand for 35 years, lapping the famed 20.832 km (12.93 mi) Nürburgring Nordschleife in 6:11.13 during qualifying for the 1000 km Sports Car race. The record was finally surpassed by Timo Bernhard in a derestricted Porsche 919 Evo on 29 June 2018.
Parker Meggitt is a British international company specialising in components and sub-systems for the aerospace, defence and selected energy markets. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index until it was acquired by Parker Hannifin in September 2022.
Mansour Akram Ojjeh was a French Saudi Arabian-born entrepreneur who owned a part of TAG, a Luxembourg-based holding company with interests worldwide. Ojjeh was the CEO of TAG, which owns 14.32% of the McLaren Group, whose assets include McLaren Automotive and the McLaren Formula One team since the 1970s and 2000s.
The McLaren MP4/1 was a Formula One racing car produced by the McLaren team. It was used during the 1981, 1982 and 1983 seasons. It was the second Formula One car to use a monocoque chassis wholly manufactured from carbon fibre composite, after the Lotus 88, a concept which is now ubiquitous. The MP4/1 was first entered in a Formula One race at the third grand prix of the season in Argentina.
Porsche has been successful in many branches of motorsport of which most have been in long-distance races.
Akram Ojjeh was a naturalized Saudi businessman of Syrian origin. Ojjeh was an intermediary in deals between Saudi Arabia and France, particularly arms sales. Ojjeh founded Techniques d'Avant Garde, an investment company focused on advanced technologies.
Jean-Claude Biver is a Luxembourg-born Swiss businessman, executive and cheesemaker. He previously served as the chief executive officer (CEO) of TAG Heuer. From 2014 until 2018, he was the president of LVMH's watchmaking division until his retirement after 43 years in the industry.
Airbus SE is a European multinational aerospace corporation. The company’s primary business is the design and manufacturing of commercial aircraft but it also has separate defence and space and helicopter divisions. Since 2019, Airbus has been the world's largest manufacturer of airliners as well as the leading helicopter manufacturer.
Daniel Lalonde is a Canadian businessperson known for heading brands such as Louis Vuitton, Ralph Lauren, SMCP Group, Nespresso and Moët & Chandon. After starting his management career with companies such as Häagen-Dazs and Nespresso, he spent ten years at LVMH as president and CEO of LVMH Watches & Jewelry North America, Louis Vuitton in North America, and Moët & Chandon globally. After eight years as CEO of SMCP Group, he was named CEO of Design Holding.
The Boom Overture is a proposed supersonic airliner capable of traveling Mach 1.7, with 64–80 passengers depending on configuration. Overture has 4,250 nmi of range. Overture is planned to be introduced in 2029 by Boom Technology. The company claims that with 500 viable routes, there could be a market for up to 1,000 supersonic airliners with fares similar to business class. The aircraft is planned to have a delta wing configuration, but will be built with composite materials. Following a redesign revealed in 2022 it is intended to be powered by four dry (non-afterburning) 35,000 lbf (160 kN) turbofans.
TAG Group (Holdings) S.A. was founded in 1977 and is based in Luxembourg, Luxembourg.
...TAG Heuer...said it would recommend a $740 million cash offer for all its shares by the French luxury goods company LVMH Moet Hennessy.