Jet Aviation Completes Hawker Pacific Acquisition

 - May 2, 2018, 11:22 AM
As part of its $250 million acquisition of business aviation services provider Hawker Pacific, Jet Aviation will add 19 locations across Asia-Pacific and the Middle East to its global network, including seven FBOs, 14 MROs, and more than 400,000 sq ft of hangar space, as well as Hawker Pacific’s 800 employees. (Photo: Jet Aviation)

General Dynamics subsidiary Jet Aviation has completed its acquisition of business aviation services provider Hawker Pacific for $250 million, the company announced today. The deal was announced on April 11.

As part of this acquisition, Jet Aviation will add 19 locations across Asia-Pacific and the Middle East to its global network, including seven FBOs, 14 MROs, and more than 400,000 sq ft of hangar space, as well as Hawker Pacific’s 800 employees. This includes Hawker Pacific’s share in the joint venture Shanghai Hawker Pacific Business Aviation Centre at Shanghai Hongqiao Airport, four FBOs in Australia (Sydney, Brisbane, Cairns, and Perth), and facilities at Singapore Seletar Airport and Dubai Al Maktoum International Airport. It will also build a full-service facility at Shanghai Pudong International Airport upon completion of the new runway there.

“We are now in a position to further expand our current portfolio, enter new markets across Asia-Pacific and the Middle East, and offer more options and value to our customers worldwide,” said Jet Aviation president Rob Smith. “Bringing together these two well-established brands reinforces our position as one of the world’s leading business aviation service providers.”