
DTX Group Debuts as Global Force, Powered by Strategic Vision and Independence Under Hussein Lookmanjee's Leadership Français
DUBAI, UAE, June 2, 2025 /CNW/ -- DTX Group proudly announces its official launch, marking a strategic evolution in the global aerospace sector. This milestone coincides with Hussein Lookmanjee's full divestment from Drayton Aerospace, with his remaining equity acquired by Lion Capital. This move enables Lookmanjee to fully commit his efforts and resources to the international growth and leadership of DTX Group.
In 2019, Drayton Aerospace defined two parallel strategic paths: a regional focused business led by local management, and an international division under the leadership of Hussein Lookmanjee. Recognizing Lookmanjee's strengths in launching greenfield operations, the board tasked him with leading international operations, while localizing leadership of its China operations by appointing Mr. Hong Qi Ye as the China President, in 2020 and later in 2021, Mr. Steven Young as CEO of Drayton Aerospace.
Importantly, while Lion Capital has assumed the controlling interest of Drayton Aerospace's China-based operations; along with eight other Chinese partners, all non-China Drayton entities—including the Brazil-based MRO companies and global support units—are now part of the DTX Group and remain under the sole ownership of Hussein Lookmanjee. This structural realignment reflects the differing strategic priorities between the China-focused shareholders and the internationally driven DTX team.
Over the last six years, Lookmanjee and his senior team have built a strong global platform—opening new maintenance facilities, launching a parts distribution business, and expanding into key markets such as South America and the Middle East. Under his leadership Drayton Aerospace has become a leading independent player in the civil, freight aviation MRO markets.
"Now is the right time for this transition," said Hussein Lookmanjee. "DTX Group has evolved into a globally competitive business that merits dedicated focus. This move enables us to pursue our original international vision with greater clarity and autonomy. We plan to fully invest the proceeds from the Drayton divestment into strategic growth opportunities, including three exciting acquisitions slated for completion before year's end."
Although DTX Group's international strategy experienced temporary delays during the COVID-19 pandemic, momentum has since resumed. Formally established in September 2024, DTX Group is headquartered in the Middle East, with its parts trading business operating in the United States and two MRO facilities located in Brazil. The Group is on track to launch a new MRO facility in the Middle East by Q3 2025. with additional expansion targeted across Africa and Europe.
DTX Group will now operate independently to pursue global growth opportunities. Its international team—assembled and refined over several years—has been fully integrated into the organization and is well-positioned to lead the next phase of development with a clear and focused strategic vision.
www.dtx.aero
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


CTV News
8 minutes ago
- CTV News
Tesla's six-seat Model Y variant may not be launched in U.S.
Tesla CEO Elon Musk said the company's new six-seat Model Y variant, launched in China this week, might never enter production in the United States, citing the rise of self-driving vehicles. The Model Y L, built at Tesla's Shanghai factory, features a longer wheelbase and three rows of seats, and is priced at around US$47,200. It went on sale in China on Tuesday, where Tesla faces mounting competition from domestic EV makers such as BYD and Xiaomi. 'This variant of the Model Y doesn't start production in the US until the end of next year,' Musk said in a response to a post from an X user. 'Might not ever, given the advent of self-driving in America.' Musk did not elaborate on how the rise of autonomous driving would negate the need for a six-seater vehicle. Tesla did not immediately respond to a request for comment. Gas-powered SUVs with three rows have long been popular among American families. However, making profitable three-row EVs is still a challenging business for automakers. Recent policy changes by the Trump administration are also set to make electric vehicles more expensive, prompting automakers to focus more on smaller, cheaper variants. Tesla is also preparing to launch a cheaper Model Y variant, likely with fewer premium features, later this year, which Musk has described as 'just a Model Y.' Tesla has increasingly shifted focus in the U.S. to its robotaxi ambitions. The company launched a limited robotaxi service in Austin in June and aims to scale operations to half of U.S. population by the end of this year. Musk told investors last year that building traditional vehicles would be 'pointless' in a self-driving future. Next year, Tesla is set to start production of the Cybercab, a dedicated two-seater robotaxi model without a steering wheel and pedals. (Reporting by Akash Sriram in Bengaluru and Abhirup Roy in San Francisco; Editing by Anil D'Silva)


CTV News
8 minutes ago
- CTV News
Canada seeks meeting to address China's WTO complaint over steel tariffs
Rolled coils of steel are shown at Algoma Steel Inc., in Sault Ste. Marie, Ont. Canada imposed a 25 per cent surtax on imports containing steel melted or poured in China. THE CANADIAN PRESS/Sean Kilpatrick OTTAWA — Canada is defending its steel tariffs against China after Beijing lodged a complaint last week at the World Trade Organization. Beijing is taking issue with Canada's 25 per cent surtax on imports that contain steel melted or poured in China, calling the duties discriminatory and urging Ottawa to reverse course. ADVERTISEMENT Prime Minister Mark Carney imposed the tariff last month in a bid to protect Canada's domestic industry amid the United States' global trade war and allegations of steel dumping from some foreign markets. A spokesperson for International Trade Minister Maninder Sidhu says Canada's tariffs are in direct response to China's efforts to act outside traditional market dynamics. Sidhu's communications director Huzaif Qaisar says Chinese overcapacity is undermining Canada's steel sector and threatening Canadian jobs. He says the tariffs are consistent with international trade obligations and Canada is pressing for a joint economic and trade commission meeting with China to put its concerns on the table. This report by The Canadian Press was first published Aug. 20, 2025. Craig Lord, The Canadian Press


Global News
38 minutes ago
- Global News
Stelco owner ‘doesn't give two hoots' about the workers: Ontario Premier Doug Ford
Ontario Premier Doug Ford says the head of the company that owns Hamilton-based steel company Stelco 'doesn't give two hoots' about those workers. Lourenco Goncalves, the president and CEO of Cleveland-Cliffs, has spoken positively about U.S. President Donald Trump's tariffs on steel, including doubling them from 25 to 50 per cent. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy Earlier this week Goncalves said in a press release that he applauded the U.S. Department of Commerce's move to expand the scope of steel and aluminum tariffs. At a press conference today, Ford said Stelco should find a new owner because the current one does not support its workers. Cleveland-Cliffs did not immediately respond to a request for comment. The premier was in Hamilton to announce $70 million worth of funding for training and employment services for workers in industries affected by U.S. tariffs.