{"id":21931,"date":"2012-03-01T13:23:00","date_gmt":"2012-03-01T13:23:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/jet-aviation-has-acquired-the-enterprise-jet-center\/21930\/"},"modified":"2012-03-01T13:23:00","modified_gmt":"2012-03-01T13:23:00","slug":"jet-aviation-has-acquired-the-enterprise-jet-center","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/jet-aviation-has-acquired-the-enterprise-jet-center\/21931\/","title":{"rendered":"Jet Aviation has acquired the Enterprise Jet Center"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><!--Ad Injection mfunc mode ad include code--><!--mfunc include_once('\/mnt\/Target01\/327806\/www.thestockmarketwatch.com\/web\/content\/stock-market-news\/wp-content\/plugins\/ad-injection\/adshow.php') --><!--\/mfunc--><\/p>\n<p><strong><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/2012\/03\/GD.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-21932\" title=\"GD\" src=\"https:\/\/storage.googleapis.com\/smw-news-wp\/2012\/03\/GD.png\" alt=\"\" width=\"314\" height=\"34\"><\/a>Jet Aviation (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=GD\">NYSE:GD<\/a>)<\/strong> has acquired the Enterprise Jet Center FBO at Hobby Airport in Houston, Texas, adding the 14th FBO to its global network of premium aircraft service and support facilities.<\/p>\n<p>Enterprise Jet Center is one of the largest and most modern FBOs, or \u201cfixed-base operators,\u201d at Houston Hobby Airport, providing fuel, catering, aircraft cleaning and maintenance, repair and overhaul (MRO) services to private aircraft. The facility becomes the sixth Jet Aviation FBO in the U.S., including Boston\/Bedford, Mass.; Dallas, Texas; Palm Beach, Fla.; St. Louis, Mo.; and Teterboro, N.J.<\/p>\n<p>\u201cNorth America is a key market for Jet Aviation and the acquisition of Enterprise Jet Center is an important step in our effort to expand our aircraft-service offerings to customers in the U.S.,\u201d said Dan Clare, Jet Aviation president.<\/p>\n<p><!--mfunc adshow_display_ad_file_v2(array('ad_random_1.txt'), array(100), array('align' => 'float right', 'clear' => '', 'margin_top' => '', 'margin_bottom' => '', 'padding_top' => '', 'padding_bottom' => ''), array(), array()) --><\/p>\n<div style=\"float:right;margin-left:5px;\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - in News 300 *\/\ngoogle_ad_slot = \"5684630733\";\ngoogle_ad_width = 300;\ngoogle_ad_height = 250;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/div>\n<p><!--\/mfunc--><\/p>\n<p>Enterprise Jet Center opened its facility in 2006. Facility highlights include a 10,000-square foot drive-through canopy for aircraft, an 85,000-square foot clear-span hangar, a 30,000-square foot maintenance-only facility that is open 24 hours per day, and a 28,500-square foot terminal\/office building.<\/p>\n<p>\u201cThe state-of-the-art facilities, high-end customer amenities and service-oriented attitude make this operation a perfect fit for the Jet Aviation family. Houston is the fifth most-active U.S. business aviation airport and the facility now becomes Jet Aviation\u2019s second operation in Texas, including one at Dallas Love Field,\u201d said Gary Dempsey, president, Jet Aviation\u2019s U.S. Aircraft Services. \u201cWe welcome the 44 employees to our organization and we\u2019re delighted to have an additional location in the U.S. to serve our customers.\u201d<\/p>\n<p>Enterprise Jet Center also is a certified FAA Repair Station (J89R218Y). Onsite technicians specialize in Falcons, Citations, King Airs, Hawkers, Learjets and Beechjets. Certified technicians perform routine aircraft servicing and major inspections and repairs. Staff technicians have experience in all aspects of aircraft maintenance for major corporations, individual aircraft owners and charter operators.<\/p>\n<p>The value of the cash transaction was not disclosed.<\/p>\n<p><strong>Jet Aviation, a wholly owned subsidiary of General Dynamics<\/strong>, was founded in Switzerland in 1967 and is one of the leading business aviation services companies in the world. Close to 5,000 employees cater to client needs from 25 airport facilities throughout Europe, the Middle East, Asia and North and South America. The company provides maintenance, completions and refurbishment, engineering, fixed base operations, along with aircraft management, charter services, aircraft sales and personnel services. Jet Aviation&#8217;s European and U.S. aircraft management and charter divisions jointly operate a fleet of more than 200 aircraft.<\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-updates\/stocks-headed-for-a-lower-finish-21\/22032\"><br \/>\nStocks Headed for a Lower Finish<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/universal-health-realty-income-will-continue-to-explore-opportunities-for-growth\/22031\"><br \/>\nUniversal Health Realty Income &#8211; Will continue to explore opportunities for growth<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/tredegar-corporation-solid-quarterly-performance-is-evidence-that-bonnells-efforts-to-focus-on-operational-excellence\/22030\"><br \/>\nTredegar Corporation &#8211; Solid quarterly performance is evidence that Bonnell\u2019s efforts to focus on operational excellence<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/bona-film-group-limited-finished-the-year-on-a-strong-note-and-exceeded-2011-bottom-line-guidance\/22028\"><br \/>\nBona Film Group Limited &#8211; Finished the year on a strong note and exceeded 2011 bottom-line guidance<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/sprott-resource-lending-successfully-initiated-over-650-million-of-resource-loans\/22027\"><br \/>\nSprott Resource Lending &#8211; Successfully initiated over $650 million of resource loans<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/itt-exelis-a-year-of-significant-transition-for-the-company\/22026\"><br \/>\nITT Exelis &#8211; A year of significant transition for the company<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/overstock-com-financial-results-for-fiscal-year-2011-and-the-quarter\/22025\"><br \/>\nOverstock.com &#8211; Financial results for fiscal year 2011 and the quarter<\/a><\/li>\n<\/ul>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/2024\/08\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<p>Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/p><\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Jet Aviation (NYSE:GD) has acquired the Enterprise Jet Center FBO at Hobby Airport in Houston, Texas, adding the 14th FBO [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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