Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Hawker Pacific to be acquired by Swiss company

beechcraft king air
A Beechcraft King Air 350. Image via Commonwealth of Australia, Department of Defence.

Switzerland’s Jet Aviation has acquired integrated aviation solutions provider Hawker Pacific for US$250 million.

Switzerland’s Jet Aviation has acquired integrated aviation solutions provider Hawker Pacific for US$250 million.

Jet Aviation, a subsidiary of General Dynamics, said the planned acquisition is part of the Swiss company's plans to expand its presences across Asia-Pacific and the Middle East.

Advertisement
Advertisement

"The acquisition of Hawker Pacific represents a significant step in expanding our footprint, capability and customer offer across Asia-Pacific and the Middle East," said Rob Smith, president of Jet Aviation.

"Hawker Pacific has a wide range of services including civil MRO, fleet services, FBO network and aircraft sales, enabling Jet Aviation to further expand its current portfolio, enter new markets, and reinforce the company’s position as one of the world’s leading business aviation service providers."

Alan Smith, CEO of Hawker Pacific, said the acquisition will create a new leader in the aviation sector.

"We believe the company’s acquisition by Jet Aviation represents an excellent outcome for Hawker Pacific’s investors, employees and customers," said Smith. "It builds on our strong values and passion for exceeding our customer’s expectations and I, on behalf of the management, am confident that the combination of the two companies will create a clear leader in the aviation space."

Completion of the transaction, which will be the largest sale of an independent business aviation company in Asia-Pacific, is subject to customary closing conditions and is expected to be completed by the end of May.

PROMOTED CONTENT

Hawker Pacific, founded in 1978, has four main operating bases in Australia in Sydney, Brisbane, Cairns and Perth. 

Hawker Pacific to be acquired by Swiss company
Beechcraft-King-Air-350.jpg
lawyersweekly logo

 

more from defence connect

Jan 27 2021
Op-Ed: Apache selection tells a broader tale of Australia’s defence mindset
NSW senator and former Major General of the Australian Army, Jim Molan, weighs in on the government...
Defence issues new wave of grants to local SMEs
Jan 27 2021
Defence issues new wave of grants to local SMEs
Eight Australian SMEs have been awarded grants totalling over $3.4 million as part of the federal go...
Jan 27 2021
Henderson Shipyard lauded as sovereign capability ‘powerhouse’
 Defence Minister Linda Reynolds has commended the progress of the federal government’s SEA 1905 ...
FROM THE WEB
Recommended by Spike Native Network