JET AVIATION IS in talks to acquire K-C Aviation's Transportation Services (KCTS) and Jet Professionals subsidiaries. Agreement is expected in the next 60 days, with the two companies about to enter due-diligence investigations.
K-C Aviation says that it is selling the transportation-services companies to free up resources to strengthen its core businesses of completions and maintenance. Earlier this month, parent company, Kimberley-Clarke sold its interests in regional carrier Midwest Express.
KCTS provides charter and management services from its Montvale, New Jersey, base, while Jet Professionals provides consulting and personnel services from Shelton, Connecticut.
Terrance Kelley, president of Jet Aviation's US operations, says that the purchase will expand the fleet under its management to 70 aircraft in the USA and more than 145 aircraft worldwide.
Source: Flight International
