Private equity investor Permira has completed its acquisition of Switzerland-based business aviation services specialist Jet Aviation for an undisclosed sum, following approval by antitrust authorities.
Heinz Köhli, Jet Aviation group chief executive, says: “The acquisition by the Permira Funds will put the company on track toward a faster global expansion, which is very important in an industry that is growth driven.”
Jet Aviation is planning to set up operations in Moscow and São Paolo, Brazil next year, and longer-term is looking at Indian and Chinese markets.
Source: Flight International
