Divestiture • Airlines

Jet Aviation Acquires Avjet Corp - Aircraft Management and Charter Services

On March 9, 2016, Jet Aviation acquired airliner Avjet Corp - Aircraft Management and Charter Services from Avjet

Acquisition Context
  • This is Jet Aviation’s 1st transaction in the Airlines sector.
  • This is Jet Aviation’s 1st transaction in the United States.

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M&A Deal Summary

Date March 9, 2016
Target Avjet Corp - Aircraft Management and Charter Services
Sector Airlines
Buyer(s) Jet Aviation
Sellers(s) Avjet
Deal Type Divestiture

Target Company

Avjet Corp - Aircraft Management and Charter Services

United States
Avjet Corp, - Aircraft Management and Charter Services is a provider of airplane services.
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Buyer Overview 1

Buyer

Jet Aviation

Zurich, Switzerland

Category Company
Founded 1967
Sector Aerospace
Employees5,600
DESCRIPTION

Jet Aviation is a Swiss-based international business aviation services company. The company provides maintenance, completions and refurbishment, engineering and fixed base operations, along with aircraft management, charter services, aircraft sales and personnel services.


Deal Context for Buyer #
Overall 1 of 4
Sector: Airlines 1 of 1
Type: Divestiture 1 of 4
Country: United States 1 of 1
Year: 2016 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-12 Hawker Pacific Air

Australia

Hawker Pacific Pty Ltd. is an aviation solutions provider including civil MRO, government fleet management, FBO services, aircraft management, aircraft sales and parts sales.

Buy $250M

Seller Profile 1

SELLER

Avjet

Burbank, California, United States

Category Company
Founded 1979
Sector Airlines
DESCRIPTION

Avjet Corp. is a provider of entire range of executive aircraft services.


Deal Context for Seller #
Overall 1 of 1
Sector: Airlines 1 of 1
Type: Divestiture 1 of 1
Country: United States 1 of 1
Year: 2016 1 of 1

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