JetDirect Proposing To Acquire Sentient Jet
Two well known companies that operate charter aircraft and jet travel cards might be near to merging. According to sources close to the situation, Berwyn, Pa.-based JetDirect is negotiating to acquire Norwell, Mass.-based Sentient Jet. Officials from both companies were not available to comment, but representatives from the two companies reportedly met recently to define realignment procedures and discuss the overall business plan of incorporating the travel cards of the two companies, as well as the framework necessary to combine all the charter operators under one certificate with a centralized dispatch center near St. Louis. JetDirect, which has been on an acquisition spree for the last 12 months, has a fleet of more than 30 corporate aircraft. Investors include Philadelphia-based private equity firms CD Ventures and Argosy Capital, Brantley Partners of Cleveland and New York-based HSBC and AIG. Sentient Jet acquired charter operator Atlantic Aviation Flight Services from Voyager Group in early 2005.