FBOs
Jet Aviation confirms it’s on the block
The direct reports from Jet Aviation concerning its “for sale” status do not reveal much in the way of hard news.

The direct reports from Jet Aviation concerning its “for sale” status do not reveal much in the way of hard news. At least not yet. A spokesman confirmed the company has engaged New York investment house Goldman Sachs to handle the possible sale of the, family-owned company. Some 40 copies of “the book” (pertinent proprietary financial information about the company) have been distributed to interested parties who signed non-disclosure agreements.

“We have not been in direct talks with anyone yet,” the spokesman said at press time, “but things have started to roll. I expect talks could begin soon. I’ll know more in August.” Asked if the company may be sold piecemeal, he said, “No. The strategic options would have to include everything, the whole company.”