Former Jet Aviation Scion Loses Battle with Illness

 - August 3, 2010, 12:53 PM

Carl Hirschmann, former Jet Aviation CEO and the eldest son of company founder Carl W. Hirschmann, died on Friday in Zurich, Switzerland, after a brief battle with cancer. He was 61. The younger Hirschmann, who was groomed to lead the Zurich-based company eventually, joined Jet Aviation in 1975 and rose to the position of CEO during the mid-1980s. Following a disagreement with his father, in 1984 he left the company, which was then taken over by his younger brother, Thomas Hirschmann. Thomas stayed at the helm until 2003, and the Hirschmann family later sold Jet Aviation to private equity firm Permira in 2005. At that time, in a surprise turn of events, Carl Jr. kept some of his shares with Permira and returned to the company as vice chairman of Jet Aviation Holding AG. In 2007, he served as the aviation services provider’s interim CEO until current president Peter Edwards joined the company. “He always represented the strong principles and values of Jet Aviation,” said Edwards. “Carl also maintained a strong customer focus and was able to build relationships with Jet Aviation’s key clients around the world.” Jet Aviation was acquired by Gulfstream parent company General Dynamics two years ago from Permira.