By Danny
Big news for Ogden this morning:
General Dynamics to buy Switzerland's Jet Aviation:
WASHINGTON (AP) - Defense contractor General Dynamics said Tuesday it will buy Jet Aviation for about $2.25 billion in cash, seeking to expand its Gulfstream jet business and tap into fast-growing overseas demand for luxury private planes.(Jet Av recently announced they were going to the Ogden Airport in place of the defunct Adam Air.)
With the purchase of Zurich-based Jet Aviation, General Dynamics adds a worldwide network of aircraft maintenance centers and service centers where wealthy individuals and cash-rich governments can outfit private jets with plush interiors and custom features.
Falls Church, Va.-based General Dynamics will acquire all of Jet Aviation's shares from current owner Dreamliner Lux S.a.r.l, a company controlled by the British investment fund Permira Funds. The deal is expected to close by the end of the year if it clears regulatory scrutiny.
So that means General Di will be at the Ogden Airport. Pretty big stuff.
