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profession: pilot career: actor - Jet Aviation

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General Dynamics<br />

acquires <strong>Jet</strong> <strong>Aviation</strong><br />

On August 19, 2008 General Dynamics<br />

announced the acquisition of <strong>Jet</strong> <strong>Aviation</strong><br />

from the Permira Funds, a private<br />

equity firm based in Europe. The deal is<br />

subject to normal antitrust clearance<br />

and is expected to be closed by the end<br />

of 2008. Following completion of the acquisition,<br />

<strong>Jet</strong> <strong>Aviation</strong> will continue to<br />

operate and be managed in its current<br />

configuration and structure as an independent<br />

business unit in the General<br />

Dynamics Group.<br />

“We are immensely proud to become part<br />

of such a well respected organization as<br />

General Dynamics. Our focus will continue<br />

to center on fulfilling our customer<br />

US Ogden expansion<br />

progressing<br />

As announced earlier this year,<br />

<strong>Jet</strong> <strong>Aviation</strong>’s westward expansion in the<br />

US continues with the development of a<br />

maintenance, repair and overhaul<br />

(MRO) and FBO operation in Ogden,<br />

Utah.<br />

The 70,000 sq ft (6,500 sq m) maintenance<br />

hangar space as well as back<br />

shop facilities will be managed by Midcoast<br />

<strong>Aviation</strong>’s highly experienced<br />

maintenance operations. Completion is<br />

underway and the operation will be add-<br />

commitments while extending the global<br />

reach of our current lines of business and<br />

further enhancing our long standing relationships<br />

with all OEMs, partners and<br />

customers,” said Peter G. Edwards, CEO<br />

of the <strong>Jet</strong> <strong>Aviation</strong> Group.<br />

The company will continue with its successful<br />

business model, serving the entire<br />

OEM community and its global client base<br />

as a new business unit within the General<br />

Dynamics Aerospace group operating under<br />

the <strong>Jet</strong> <strong>Aviation</strong> and Midcoast <strong>Aviation</strong><br />

brands.<br />

Contact:<br />

<strong>Jet</strong> <strong>Aviation</strong> Worldwide Headquarters<br />

Tel. +41 58 158 8888<br />

Fax +41 58 158 8885<br />

jmgt@jetaviation.ch<br />

ing up to 200 new employment opportunities<br />

over the next two years.<br />

The new location, which also will offer<br />

a state-of-the-art <strong>Jet</strong> <strong>Aviation</strong> FBO at<br />

Ogden-Hinckley Airport, is expected to<br />

commence operations in early 2009.<br />

General Dynamics<br />

Founded in 1952, General<br />

Dynamics is a market leader in<br />

business aviation; land and<br />

expeditionary combat vehicles<br />

and systems, armaments, and<br />

munitions; shipbuilding and<br />

marine systems; and missioncritical<br />

information systems and<br />

technologies. The company is<br />

headquartered in Falls Church,<br />

Virginia, USA, employs approximately<br />

84,600 people and has a<br />

global presence.<br />

Contact:<br />

<strong>Jet</strong> <strong>Aviation</strong> Holdings USA<br />

Tel. +1 201 288 8400<br />

Fax +1 201 462 4136<br />

jhdg@jetaviation.com<br />

Outlook 02/2008<br />

57

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