Mx Management Firm Positions for Future Growth

 - March 19, 2008, 6:05 AM

Jet Support Services Inc. (JSSI), the Chicago-based aviation maintenance management company, has restructured to better position itself for future growth.

As part of the strategy, JSSI founding president and CEO John “Rick” Haskins also announced the appointment of 41-year-old Edward Hawkins as COO of JSSI. “Jessie,” as the company is better known, will henceforth come under the umbrella of a new holding company, 154 W. Holdings, named after the address that JSSI just vacated in favor of 20,000 sq ft on the 29th floor of Chicago’s Two Prudential Plaza on North Stetson.

JSSI also named 45-year-old Michael Buell as director of domestic sales. Founded in 1989, JSSI now has 700 customers (20 percent of them non-U.S.) flying some 900 aircraft enrolled in the company’s hourly cost-guarantee programs, which cover not just engines but also airframes, avionics and passenger equipment.

Also newly formed under the wing of 154 W. Holdings is JSSI Ventures, “a new business incubator seeking aviation-related opportunities aligned with the basic mission of JSSI–cost containment for aircraft operators.” JSSI Tip-to-Tail program director Anthony Kioussis will run JSSI Ventures.

Haskins told AIN that hours flown by customers’ aircraft are down by 10 to 15 percent from the heady days of the late 1990s–contrary to the widely held observation that, despite the OEMs’ current hard times, owners are flying their aircraft more than ever.