Posted on: 20 April 2018 by Kimberley Young
Jet Aviation has entered into a binding agreement to acquire Hawker Pacific, a provider of integrated aviation solutions across Asia Pacific and the Middle East for US$250million.
“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: “We believe the company’s acquisition by Jet Aviation represents an excellent outcome for Hawker Pacific’s investors, employees and customers. 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.”
The completion of the transaction is subject to customary closing conditions.
Jet Aviation also recently received the industry’s first EASA Supplemental Type Certification (STC) for Ka-band system integration on a Boeing 747-700 in Basel. The company is also working on Satcom SBB and Live TV systems installations, and recently demonstrated compliance with the latest EASA bird strike requirement on the Rockwell Collins Live TV Radome.
Jet Aviation is currently developing a second EASA STC for a Boeing 767-300 aircraft and further plans to revise its 747-400 STC for another model in the 747 Series.