Jet Aviation acquires stake in Scottsdale Jet Center; New FBO to open in late 2020

Date : 05/03/2019 @ 2:45PM
Source : PR Newswire (US)
Stock : General Dynamics Corp. (GD)
Quote : 186.89  0.49 (0.26%) @ 11:42PM

Jet Aviation acquires stake in Scottsdale Jet Center; New FBO to open in late 2020

Gen Dynamics (NYSE:GD)
Historical Stock Chart

3 Months : From Apr 2019 to Jul 2019

Click Here for more Gen Dynamics Charts.

TETERBORO, N.J., May 3, 2019 /PRNewswire/ -- Jet Aviation announced today that it has acquired a stake in Scottsdale Jet Center, with the intent to build and operate a new, state-of-the-art Jet Aviation branded fixed-base operator (FBO) and tenant hangar by late 2020. The new facility will complement existing tenant facilities at Scottsdale Airport, a top 15 US business aviation market.

With an expanding footprint in the US market, Scottsdale Jet Center allows Jet Aviation to continue its strategy of supporting customers in the locations they most frequent. The new facility will allow Jet Aviation to operate FBOs in eight of the top 15 US business aviation markets.

"We are committed to growing Jet Aviation's position as a leading FBO service provider," said 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."

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, with opening planned for late 2020. Thereafter, Jet Aviation plans additional phases of development to support growing customer demand. 

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

Jet Aviation, a wholly owned subsidiary of General Dynamics (NYSE: GD), was founded in Switzerland in 1967 and is one of the leading business aviation services companies in the world. More than 4,800 employees cater to client needs from close to 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. Please visit www.jetaviation.com and follow us on twitter: http://twitter.com/jetaviation.

More information about General Dynamics is available online at www.generaldynamics.com.

Artist's rendering of Jet Aviation's future FBO in Scottsdale, Arizona

General Dynamics (PRNewsFoto/General Dynamics) (PRNewsFoto/General Dynamics)

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/jet-aviation-acquires-stake-in-scottsdale-jet-center-new-fbo-to-open-in-late-2020-300843352.html

SOURCE Jet Aviation

Copyright 2019 PR Newswire

Latest GD Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.