An artist's rendering of Jet Aviation's future FBO hangar facility in Scottsdale, AZ. An artist's rendering of Jet Aviation's future FBO hangar facility in Scottsdale, AZ.

TETERBORO, NJ—Locally-based Jet Aviation, a wholly owned subsidiary of General Dynamics, has acquired a stake in Scottsdale Jet Center and intends to build and operate a new state-of-the-art Jet Aviation branded fixed-base operator and tenant hangar at Scottsdale Airport in late 2020.

The new facility will complement existing tenant facilities at the Scottsdale, AZ airport, which is among the top 15 business aviation markets in the United States. The company did not disclosed the value of its investment in Scottsdale Jet Center or the cost of the new hangar project.

Scottsdale Jet Center currently leases 45,000 square feet of office space, 24,000 square feet of T-hangar space, tie-down spaces and shades. Planning for the new FBO terminal and 30,000-square-foot hangar is currently underway. After its opening in late 2020, Jet Aviation plans additional phases of development to support growing customer demand, the company reported.

Once opened, Scottsdale Jet Center FBO will bring Jet Aviation's global FBO network up to 35 locations.

“We are committed to growing Jet Aviation's position as a leading FBO service provider,” says Dave Paddock, senior vice president and general manager, Jet Aviation Regional Operations USA. “Scottsdale is a highly attractive location to business jet owners and operators and is regularly ranked in the top 15 US airports. Having a presence in Scottsdale will enable our customers to have greater connectivity across the Jet network.”

Last month, Jet Aviation completed the integration of Hawker Pacific's Aircraft Management business, creating a Flight Services location for Jet in Singapore. The new Singapore branch office will operate as Jet Aviation Business Jets Singapore and report to Jet Aviation Business Jets Hong Kong.

Jet Aviation Business Jets Singapore will provide Aircraft Management, Flight Support and CAMO services to Southeast Asian-based clients through its new Flight Services location in Singapore. Jet Aviation acquired Hawker Pacific in May 2018.

At present, Jet Aviation Business Jets Singapore will provide Aircraft Management, Flight Support and CAMO services manages five aircraft while providing Flight Support and CAMO services to eight additional aircraft.

The combined MRO and FBO facility in Singapore now operate under the Jet Aviation logo. As a single unified company, Jet Aviation's expanded Singapore operation gains Authorized Service Center status for Embraer and Dassault aircraft, increases its available hangar space to nearly 20,000 square meters, and more than doubles its headcount, now at 299 employees.

Jet Aviation was founded in Switzerland in 1967 and is one of the leading business aviation services companies in the world. The firm employs more than 4,800 employees and operates approximately 50 facilities throughout Europe, the Middle East, Asia, North America and the Caribbean. The company provides maintenance, completions and refurbishment, engineering, FBO and fuel services, along with aircraft management, charter services and personnel services. Jet Aviation's European and U.S. aircraft management and charter divisions jointly operate a fleet of some 300 aircraft.

|

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.