Jet Aviation to acquire Avjet Corporation

0

Jet Aviation is expanding its aircraft management and charter services in the USA with the acquisitions of Avjet Corporation, a global jet charter and management company based in Los Angeles, California, USA.

“Avjet’s 37 years of experience in aircraft management and charter services and impressive fleet of 45 aircraft makes it the perfect complement to Jet Aviation’s operations,” said David Paddock, senior vice president and general manager of Jet Aviation US Aircraft Services. “This acquisition will also provide excellent benefits for Avjet’s customers by providing access to Jet Aviation’s global network of service facilities.”

Avjet’s current chairman and CEO, Marc Foulkrod, will continue to own and operate the Avjet sales and brokerage division under the name Avjet Global Sales.

“This acquisition meets my plan to continue to expand our global sales, acquisition and brokerage services while allowing Jet Aviation to continue Avjet’s tradition of excellence in aircraft management and charter services,” Foulkrod said.

The closing of the acquisition is subject to certain governmental approvals, including relevant airport authorities. The value of the transaction has not been disclosed.

Share.

About Author

mm

Helen has worked for UKi Media & Events for nearly a decade. She joined the company as assistant editor on Passenger Terminal World and since progressed to become editor of five publications, covering everything from aviation, logistics and e-commerce to meteorology. She has a love for travel and property and has redeveloped three houses in three years. When she’s not editing magazines, she’s running around after her two boys and their partner in crime, Pete the pug.

Comments are closed.