Jet Aviation plans to complete Hawker Pacific acquisition in May
Jet Aviation hopes to complete its $250 million acquisition of fellow business aviation services provider Hawker Pacific in May, and says it is eyeing further expansion through strategic acquisitions and organic growth, as part of a strategy to provide global coverage for its customers.
Jet Aviation hopes to complete its $250 million acquisition of fellow business aviation services provider Hawker Pacific in May, and says it is eyeing further expansion through strategic acquisitions and organic growth, as part of a strategy to provide global coverage for its customers.
The Swiss company, headquartered in Zurich, says ownership of Hawker Pacific will expand its presence in the Asia-Pacific and Middle East regions – notably in China, Dubai and Singapore, where both companies have thriving ventures. It will also open up new territories for the General Dynamics-owned subsidiary, including Indonesia, New Zealand, the Philippines and Thailand – where Hawker Pacific has established maintenance operations – and, in particular, Australia.
Hawker Pacific began operations in Australia 40 years ago, and is now the leading business aviation services provider in the vast territory, with nine facilities. These include fixed base operations (FBO) in Brisbane, Cairns, Perth and Sydney – home to its headquarters.
Jet Aviation president Rob Smith says Australia was "a white spot on our map until now".
