Jet Aviation announced on May 2 that it had finalized the acquisition of Hawker Pacific, a leading provider of maintenance services and aircraft sales terminals in Asia-Pacific and the Middle East. The transaction is valued at $ 250 million.
Rob Smith, President of Jet Aviation, said Hawker Pacific’s acquisition “further expands our current portfolio, penetrates new markets in Asia-Pacific and the Middle East, and offers more options and value choices to our customers around the world. The combination of these two well-established brands strengthens our position as one of the world’s leading providers of business aviation services.”
As part of this acquisition, Jet Aviation will add 19 Asia-Pacific and Middle East locations to its global network, including 7 FBOs, 14 MRO facilities and more than 37,160 m2 of hangars. More than 800 employees will also be part of Jet Aviation.