Los Angeles based Avjet Corporation said it is selling its aircraft management and charter services to Jet Aviation, a wholly owned subsidiary of General Dynamics.
Avjet´s current Chairman and CEO Marc Foulkrod will continue to own and operate the Avjet sales and brokerage division in partnership with Andrew Bradley, under the name “Avjet Global.”
The closing of the acquisition is subject to certain governmental approvals, including relevant airport authorities. The value of the transaction has not been disclosed.
Avjet Corporation is headquartered in Los Angeles, with additional locations worldwide. Employing people around the globe, Avjet Corporation is the industry leader in VIP charter luxury travel.