Jet Aviation has announced that it has completed its acquisition of Hawker Pacific, a provider of Civil MRO, Fleet and FBO Services, and Aircraft Sales across Asia Pacific and the Middle East, the company said.
The transaction is valued at USD 250 million.
As part of this acquisition, Jet Aviation will add 19 locations across Asia Pacific and the Middle East to its global network, including 7 FBOs, 14 MRO facilities and over 400,000 sq ft of hangar space. More than 800 employees will also become a part of Jet Aviation.
Jet Aviation, a wholly owned subsidiary of General Dynamics (NYSE: GD), was founded in Switzerland in 1967 and is one of the business aviation services companies in the world. More than 4,800 employees cater to client needs from close to 50 facilities throughout Europe, the Middle East, Asia, North America and the Caribbean. The company provides maintenance, completions and refurbishment, engineering, FBO and fuel services, along with aircraft management, charter services and personnel services. Jet Aviation´s European and US aircraft management and charter divisions jointly operate a fleet of some 300 aircraft. Visit www.jetaviation.com.