Jet Aviation to acquire Avjet Corporation
On March 9th, Jet Aviation announced that it is expanding its aircraft management and charter services on the U.S. West Coast with the acquisition of Avjet Corporation, a global jet charter and management company based in Los Angeles, CA.
Avjet’s acquisition will be a key addition to Jet Aviation’s aircraft management and charter operations, which include locations in Teterboro, NJ; Van Nuys, CA; Zurich, Switzerland; Hong Kong, SAR, and Dubai, United Arab Emirates.
“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 Senior Vice President and General Manager of Jet Aviation U.S. Aircraft Services David Paddock. “This acquisition will also provide excellent benefits for Avjet’s customers by providing access to Jet Aviation’s global network of service facilities.”
The closing of the acquisition is subject to certain governmental approvals, including relevant airport authorities. The value of the transaction has not been disclosed.