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M&A Deal Summary

JETNET Acquires WINGX

On June 13, 2023, JETNET acquired aerospace company WINGX

Acquisition Highlights
  • This is JETNET’s 1st transaction in the Aerospace sector.
  • This is JETNET’s 1st transaction in Germany.

M&A Deal Summary
Date 2023-06-13
Target WINGX
Sector Aerospace
Buyer(s) JETNET
Deal Type Add-on Acquisition

Target

WINGX

Hamburg, Germany
WINGX is a provider of data and market intelligence on the global business aviation market. The company aggregates and blends data on global flight activity, fleet distribution, and fleet operating metrics, and delivers the information to customers through an extensive library of reports and modern interactive dashboards that customers can customize for their specific needs. Its customer base includes aircraft manufacturers, engine and avionics suppliers, airports, MRO businesses, aircraft operators, brokers, fuel suppliers, FBOs, insurance companies, banks, regulators, legal advisors, leasing companies, investors, and owners of business aircraft. WINGX is based in Hamburg, Germany.

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Buyer(S) 1

Buyer

JETNET

Utica, New York, United States
Category Company
Founded 1988
Sector Information Services
DESCRIPTION

JETNET is a provider of aviation market information, JETNET delivers comprehensive and reliable business aircraft research to its exclusive clientele of aviation professionals worldwide. JETNET offers comprehensive, user-friendly aircraft data via real-time internet access or regular updates. JETNET was founded in 1988 and is based in Utica, New York.

DEAL STATS #
Overall 2 of 2
Sector: Aerospace M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Germany M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-18 Asset Insight

Sandwich, Illinois, United States

Asset Insight is an aviation-focused valuation firms, Asset Insight has been involved in thousands of aircraft appraisals, from light single-engine to heavy airline transport aircraft, and has earned a reputation for quality service, responsiveness, and innovative use of technology. Asset Insight also provides aircraft maintenance evaluation and asset financial optimization services. Asset Insight is based in Sandwich, Illinois.

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