October 6, 2008

Jet Aviation Has High Hopes for New Parent Company

By Anonymous

Teterboro-based aircraft maintenance services firm Jet Aviation expects its plans to expand in the U.S. and abroad to get a boost from its new owner-in-waiting, General Dynamics Corp. of Falls Church, Va., says Patrick Sniffen, its vice president of marketing.

General Dynamics, which makes ships, aircraft and combat vehicles, last week said it would buy Jet Aviation for $2.25 billion.

"We are constantly looking for new locations and feel General Dynamics will support that expansion plan," says Sniffen. Its Teterboro operations serve as the flagship for five other airport locations within the U.S., he says. The firm has 400 employees in New Jersey out of 2,700 nationwide, he adds.

Jet Aviation provides aircraft maintenance, charter brokerage and aviation staffing for about 60 regular corporations and private clients, plus other occasional customers that can number up to a couple hundred aircraft a day, says Sniffen. Among the aircraft Jet Aviation supports is Gulfstream, a business jet General Dynamics manufactures.

"The beauty [of being part of General Dynamics] is we are going to be able to maintain our independence and service other aircraft like Bombardier, Cessna and Dassault Falcon," says Sniffen. - Shankar P.

Jet Aviation provides aircraft maintenance services at six airports in the U.S.

Copyright Journal Publications Inc. Aug 25, 2008

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