Priority Aviation Inc. (OTC PINK: PJET) has announced the acquisition of Telluride Health Company, the company said.
The acquisition marks a strategic directional change for the company. In conjunction with the acquisition of Telluride Health Company, Priority Aviation is exiting the private jet charter service industry with the disposition of its subsidiary Priority One Jets, Inc.
Yasmine Acebo, a Telluride Health Company Founder, comes on board as the new Priority Aviation Chief Executive Officer replacing Peter Minikes who resigned as CEO and board member. Minikes exercised his option under his employment agreement to acquire Priority One Jets.
Priority One Jets, Inc. operates as a full service aviation company that provides on demand air charter, jet charter membership cards, and aircraft sales for business aviation, leisure, and government travel. It offers jet sales and leasing services that include private jet leasing and sales, aircraft fractional ownership, and private jet acquisition pricing services; private jet services, including concierge services, private aircraft management and maintenance, private helicopter charter, flight monitoring and coordination, air cargo charter, and government travel services, as well as personal security, medical transport, and disasters evacuation services.
The company also provides air cargo freight jet charters for freight forwarding; transportation of heavy and outsize pieces, construction equipment and machine parts, high value commodities and secure/point-to-point, aerospace equipment, peacekeeping support, and dangerous materials; and critical parcel delivery, secure aircraft loading and docking, and remote originations and destinations, as well as oil, automotive, and gas industry/equipment transportation. It offers charter services for various destinations that include New York City, Miami, Los Angeles, Las Vegas, London, Sydney, Bahamas, Monaco, Istanbul, and Ibiza. The company is based in New York, New York with additional locations in the Americas, Europe, and Asia.