profession: pilot career: actor - Jet Aviation
profession: pilot career: actor - Jet Aviation
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