50 SKY SHADES - World aviation news

Jet Aviation to acquire Hawker Pacific

Download: Printable PDF Date: 11 Apr 2018 12:38 categories:
Publisher:
Jet Aviation to acquire Hawker Pacific - Finance publisher
Tatjana Obrazcova
Country: Switzerland Aircraft: Airplanes

Jet Aviation and Hawker Pacific today announced that Jet Aviation has entered into a binding agreement to acquire Hawker Pacific, a leading provider of integrated aviation solutions across Asia Pacific and the Middle East, for US$250 million.

"The acquisition of Hawker Pacific represents a significant step in expanding our footprint, capability and customer offer across Asia Pacific and the Middle East," said Rob Smith, president of Jet Aviation. "Hawker Pacific has a wide range of services including Civil MRO, Fleet Services, FBO Network and Aircraft Sales, enabling Jet Aviation to further expand its current portfolio, enter new markets, and reinforce the company’s position as one of the world’s leading business aviation service providers."

Alan Smith, CEO of Hawker Pacific said "We believe the company’s acquisition by Jet Aviation represents an excellent outcome for Hawker Pacific’s investors, employees and customers. It builds on our strong values and passion for exceeding our customer’s expectations and I, on behalf of the management, am confident that the combination of the two companies will create a clear leader in the aviation space."

Completion of the transaction is subject to customary closing conditions.

Jet Aviation, a wholly owned subsidiary of General Dynamics (NYSE: GD), was founded in Switzerland in 1967 and is one of the leading business aviation services companies in the world. More than 4,000 employees cater to client needs from 30 airport facilities throughout Europe, the Middle East, Asia and North America and the Caribbean. The company provides maintenance, completions and refurbishment, engineering, FBO and fuel services, along with aircraft management, charter services and personnel services. Jet Aviation's European and U.S. aircraft management and charter divisions jointly operate a fleet of more than 250 aircraft. Please visit www.jetaviation.com and follow us on twitter: http://twitter.com/jetaviation.

More information about General Dynamics is available online at www.generaldynamics.com.

Hawker Pacific is the market leader in integrated civil and military aerospace sales and product support in the Asia Pacific and Middle East. It operates established businesses in Australia, New Zealand, Singapore, Malaysia, Philippines, China and the United Arab Emirates. It supports a wide range of fixed wing aircraft and helicopters for corporate, charter, defence and special mission operators.

For more information visit www.hawkerpacific.com 



Loading comments for Jet Aviation to acquire Hawker Pacific...


Recommended

Deer Jet launches Extra-value Plans for Charter and Aircraft Management at ABACE 2018

The premier business aviation company Deer Jet has launched four innovative plans for its on-demand charter and aircraft management services. The plans are aimed to allow a broader customer base to ex...

Asian Business Aviation Conference & Exhibition (ABACE) 2018 Makes Shanghai The World’s Business Aviation Centre This Week

The region’s largest business aviation event brings thousands of industry professionals to Shanghai from April 17 to 19 The seventh annual Asian Business Aviation Conference & Exhibition...

London Oxford Airport hails 10 years of consistent growth

London Oxford Airport, ranked the fifth busiest UK business airport in the UK and amongst the top 20 in Europe, is among a handful of UK business airports that have seen consistent growth post the fin...

Jet MS receives ASA-100 certificate

Jet Maintenance Solutions (Jet MS), a global provider of spare parts and components, is delighted to announce having received ASA-100 certificate issued by Aviation Suppliers Association (ASA). ...