Libra Group - AbsoluteAstronomy.com

Libra Group is a privately owned conglomerate

Conglomerate (company)

A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure , usually involving a parent company and several subsidiaries. Often, a conglomerate is a multi-industry company...

operating across four continents. The group’s subsidiaries span a range of industries including shipping

Shipping

Shipping has multiple meanings. It can be a physical process of transporting commodities and merchandise goods and cargo, by land, air, and sea. It also can describe the movement of objects by ship.Land or "ground" shipping can be by train or by truck...

, aviation

Aviation

Aviation is the design, development, production, operation, and use of aircraft, especially heavier-than-air aircraft. Aviation is derived from avis, the Latin word for bird.-History:...

, real estate

Real estate

In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...

, construction

Construction

In the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of human multitasking...

, energy

Energy

In physics, energy is an indirectly observed quantity. It is often understood as the ability a physical system has to do work on other physical systems...

and hospitality

Hospitality

Hospitality is the relationship between guest and host, or the act or practice of being hospitable. Specifically, this includes the reception and entertainment of guests, visitors, or strangers, resorts, membership clubs, conventions, attractions, special events, and other services for travelers...

History

Libra Group was founded in 2003 and comprises the diversified business interests of the Logothetis family, who had focused exclusively on shipping for the previous 30 years.

Industry Sectors

Libra Group owns subsidiaries across a number of sectors internationally, including:

Shipping

For over 30 years, the Logothetis family has been involved in every aspect of the shipping industry from ownership to commercial and technical management. Lomar Shipping, the Libra Group’s global ship owning and management group, owns a large mixed fleet of vessels including container ships, bulk carriers

Bulk carrier

A bulk carrier, bulk freighter, or bulker is a merchant ship specially designed to transport unpackaged bulk cargo, such as grains, coal, ore, and cement in its cargo holds. Since the first specialized bulk carrier was built in 1852, economic forces have fueled the development of these ships,...

, offshore vessels, LPG’s and chemical tankers. Between 2004 and 2006 Lomar sold 67 vessels before acquiring Allocean Group and its fleet of 26 modern ships in December 2009 for a total of $325million. An additional 10 ships were purchased in 2010.

Aviation

Lease Corporation International

Lease Corporation International is a commercial aircraft leasing company headquartered in Dublin, with offices in London and Singapore.It provides leasing services to national flag carriers including Air France, British Airways, Finnair and Singapore Airlines and is owned by The Libra Group, a...

(LCI), the aircraft leasing company, was created soon after the Libra Group was formed. In November 2007, LCI

Lease Corporation International

sold its entire fleet of aircraft for $1 billion to refresh the fleet and throughout its history, it has acquired nearly $5billion of aircraft. LCI

Lease Corporation International

currently maintains a fleet of 35 wide and narrow-bodied aircraft which are leased to airlines such as Singapore Airlines

Singapore Airlines

Singapore Airlines Limited is the flag carrier airline of Singapore. Singapore Airlines operates a hub at Changi Airport and has a strong presence in the Southeast Asia, East Asia, South Asia, and "Kangaroo Route" markets...

, British Airways

British Airways

British Airways is the flag carrier airline of the United Kingdom, based in Waterside, near its main hub at London Heathrow Airport. British Airways is the largest airline in the UK based on fleet size, international flights and international destinations...

and Air France

Air France

Air France , stylised as AIRFRANCE, is the French flag carrier headquartered in Tremblay-en-France, , and is one of the world's largest airlines. It is a subsidiary of the Air France-KLM Group and a founding member of the SkyTeam global airline alliance...

Real Estate

The Libra Group’s real estate portfolio includes properties in London

London

London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...

, Manhattan

Manhattan

Manhattan is the oldest and the most densely populated of the five boroughs of New York City. Located primarily on the island of Manhattan at the mouth of the Hudson River, the boundaries of the borough are identical to those of New York County, an original county of the state of New York...

, Miami, Los Angeles

Los Ángeles

Los Ángeles is the capital of the province of Biobío, in the commune of the same name, in Region VIII , in the center-south of Chile. It is located between the Laja and Biobío rivers. The population is 123,445 inhabitants...

, Buenos Aires

Buenos Aires

Buenos Aires is the capital and largest city of Argentina, and the second-largest metropolitan area in South America, after São Paulo. It is located on the western shore of the estuary of the Río de la Plata, on the southeastern coast of the South American continent...

and luxury apartments in Bangkok

Bangkok

Bangkok is the capital and largest urban area city in Thailand. It is known in Thai as Krung Thep Maha Nakhon or simply Krung Thep , meaning "city of angels." The full name of Bangkok is Krung Thep Mahanakhon Amon Rattanakosin Mahintharayutthaya Mahadilok Phop Noppharat Ratchathani Burirom...

as well as a range of commercial buildings across Europe

Europe

Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...

and Central America

Central America

Central America is the central geographic region of the Americas. It is the southernmost, isthmian portion of the North American continent, which connects with South America on the southeast. When considered part of the unified continental model, it is considered a subcontinent...

. It is currently developing further properties globally, including a 3000000 sq ft (278,709.1 m²) of commercial, residential and luxury hotel properties in South America

South America

South America is a continent situated in the Western Hemisphere, mostly in the Southern Hemisphere, with a relatively small portion in the Northern Hemisphere. The continent is also considered a subcontinent of the Americas. It is bordered on the west by the Pacific Ocean and on the north and east...

Hotels and Hospitality

The Libra Group owns and runs US Hotels, a collection of premium hotels

Hotel

A hotel is an establishment that provides paid lodging on a short-term basis. The provision of basic accommodation, in times past, consisting only of a room with a bed, a cupboard, a small table and a washstand has largely been replaced by rooms with modern facilities, including en-suite bathrooms...

, restaurants

Restaurant

A restaurant is an establishment which prepares and serves food and drink to customers in return for money. Meals are generally served and eaten on premises, but many restaurants also offer take-out and food delivery services...

and marinas on the coast of Maine

Maine

Maine is a state in the New England region of the northeastern United States, bordered by the Atlantic Ocean to the east and south, New Hampshire to the west, and the Canadian provinces of Quebec to the northwest and New Brunswick to the northeast. Maine is both the northernmost and easternmost...

and in Vermont

Vermont

Vermont is a state in the New England region of the northeastern United States of America. The state ranks 43rd in land area, , and 45th in total area. Its population according to the 2010 census, 630,337, is the second smallest in the country, larger only than Wyoming. It is the only New England...

in the USA. It also created the Grace Hotels brand initially in the Greek Islands and now with a global presence.

Energy

Libra Group’s Greek subsidiary EuroEnergy has built a network of grid-connected solar energy generating parks and is currently increasing its generating capacity by expanding its licence portfolio. It also invests in wind farms.

In the USA, Libra Group has entered the biofuels

Biofuel

Biofuel is a type of fuel whose energy is derived from biological carbon fixation. Biofuels include fuels derived from biomass conversion, as well as solid biomass, liquid fuels and various biogases...

market with the acquisition of a company involved in the industrial-scale production of fuel pellets derived from a variety of renewable resources.

Subsidiary Companies

In total, the Libra Group owns 30 subsidiaries:

Chairman & CEO

George Logothetis (born 1975) is the founding Chairman and CEO of Libra Group. He joined Lomar Shipping in 1993, becoming CEO in 1995. The company’s fleet

Fleet

-Vehicles:A fleet is a collection of ships or vehicles, with many specific connotations:*Fleet vehicles, two or more vehicles*Fishing fleet*Naval fleet, substantial group of warships*A group of small ships or flotilla...

expanded from three to fifty five vessels

Ship

Since the end of the age of sail a ship has been any large buoyant marine vessel. Ships are generally distinguished from boats based on size and cargo or passenger capacity. Ships are used on lakes, seas, and rivers for a variety of activities, such as the transport of people or goods, fishing,...

before he took up the role as Chairman and CEO of Libra Group.

Executive Vice Chairman

Constantine Logothetis (born 1979) is Executive Vice Chairman of Libra Group. He began his career at Lomar Shipping in 2000 where he was a key member of the management team before becoming the founding Executive Vice Chairman of the Libra Group when it was formed in 2003. Constantine has been at the forefront of the group's diversification from shipping into other asset classes, notably the global hospitality

Hospitality

, real estate

Real estate

and energy

Energy

In physics, energy is an indirectly observed quantity. It is often understood as the ability a physical system has to do work on other physical systems...

sectors.

Chief Operating Officer

Adamantios Tomazos (born 1971) is group Chief Operating Officer

Chief operating officer

A Chief Operating Officer or Director of Operations can be one of the highest-ranking executives in an organization and comprises part of the "C-Suite"...

of Libra Group. After gaining an MBA at Imperial College in London, Adamantios began a ten year international banking career involving shipping finance. Adamantios was a founding director of Lease Corporation International

Lease Corporation International

, the international commercial aircraft leasing company and subsidiary of the Libra Group.

Senior Advisor

John Negroponte

John Dimitri Negroponte is an American diplomat. He is currently a research fellow and lecturer in international affairs at Yale University's Jackson Institute for Global Affairs...

(born 1939) is Senior Advisor of Libra Group. Negroponte is a US diplomat and the son of Greek shipping magnate Dimitri Negroponte. Over his career Negroponte has held positions as Deputy Secretary of State, Ambassador to the United Nations

United Nations

The United Nations is an international organization whose stated aims are facilitating cooperation in international law, international security, economic development, social progress, human rights, and achievement of world peace...

and the first US Director of National Intelligence. Negroponte has received a number of prestigious awards including the World Affairs Councils of America

World Affairs Councils of America

The World Affairs Councils of America represents and supports the largest national non-partisan network of local councils that are dedicated to educating, inspiring and engaging Americans in international affairs and the critical global issues of our times. The network consists of 94 councils in 40...

Lifetime Achievement Award and the George F. Kennan Award for Distinguished Public Service from the National Committee on American Foreign Policy

National Committee on American Foreign Policy

The National Committee on American Foreign Policy is a nonprofit, nonpartisan activist organization dedicated to the resolution of conflicts that threaten U.S. interests. Founded in 1974 by Hans J...

Head of Americas

Camilo Patrignani oversees the business strategy of Libra's interests across North, South and Central America. Before joining the Libra Group, Camilo was Vice President

Vice president

A vice president is an officer in government or business who is below a president in rank. The name comes from the Latin vice meaning 'in place of'. In some countries, the vice president is called the deputy president...

of Fortress Investment Group

Fortress Investment Group

Fortress Investment Group LLC is an investment management firm based in New York, New York. The company went public on February 9, 2007.-History:...

, and prior to that was a Director of UBS Investment Bank.

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