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Fri, May 17, 2019

Jet Linx Furthers National Expansion

Acquires Elliott Aviation's Private Jet Management Business

Jet Linx, the third largest private jet management company in the United States, continued its national expansion and furthered its record-breaking growth by acquiring Elliott Aviation's private jet management business. Elliott Aviation is renowned for aircraft sales and aviation services, including maintenance, paint and custom interior design. The acquisition was completed at the end of last week, but the terms of the transaction were not disclosed. The announcement was made by Jamie Walker, president & CEO of Jet Linx Aviation.

"Both Jet Linx and Elliot Aviation are respected family businesses and industry leaders that have enjoyed a thriving partnership for more than two decades. This acquisition will enable Jet Linx to expand our operations in the Midwest as well as provide private jet management services and jet card offerings to Elliott Aviation's clients, allowing Elliott Aviation to continue serving our aircraft owner's maintenance, paint and refurbishment needs while focusing on the development of its core business," Walker said. "This is not just an acquisition, but a significant expansion of our twenty-year partnership."

Founded in 1936, Elliott Aviation is one of the oldest and most respected companies in the aviation industry, renowned for its aircraft sales, maintenance and avionics, accessory repair and overhaul, as well as for its custom interior design and paint services. Serving the business aviation industry nationally and internationally, Elliott Aviation has state of the art facilities incorporating sophisticated, industry-leading technology in Moline, IL, Des Moines, IA, and Minneapolis, MN.

"For over twenty years, Jet Linx has been an excellent partner and has become a highly admired industry leader," said Wynn Elliott, Chairman and CEO of Elliott Aviation. "As Elliott Aviation enhances our focus on our maintenance, repair and overhaul business, we wanted to find the right company to take over existing aircraft management division. As Jet Linx shares many of our core values, they are the ideal choice to take over this part of our business."

Jet Linx plans to acquire other respected and established private jet management companies as an integral part of its growth strategy and national expansion across the United States, including planned future base locations in Florida and California. Since 2015, Jet Linx has acquired two other private jet management companies in addition to Elliott Aviation; ProJet Aviation in Washington D.C. and Flight Concepts in Tulsa, OK. The acquisition of Elliott Aviation's private jet management business comes on the heels of the Jet Linx fleet surpassing 100 million miles flown, a monumental milestone in private aviation, and the celebration of the Company's 20th anniversary later this year. With the commencement of private jet management services and jet card sales through its dedicated private terminals forthcoming over the next three months in New York, Boston, Chicago and Austin, Jet Linx is poised for another year of record growth.

(Source: Jet Linx Aviation news release)

FMI: www.jetlinx.com

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