Jet Aviation acquires AvJet

Zürich-based charter and management specialist Jet Aviation announced on 8 March that it has agreed to purchase Los Angeles-based competitor Avjet for an undisclosed sum. The takeover of Avjet further demonstrates Jet Aviation’s strategy of growing its operations on the US west coast. It recently received authorisation to establish an FBO at Van Nuys Airport. Avjet currently manages a fleet of some 45 aircraft ranging from Hawker 800s to Gulfstream G650s and BBJs. The company’s sales and brokerage division is not included in the sale. It will continue to be owned and operated by current Avjet chairman and CEO Marc Foulkrod.

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