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Business/Financial

GD Closes Deal For Jet Aviation

DDN

Friday, November 7th, 2008

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General Dynamics [GD] this week completed its $2.2 billion acquisition of Switzerland-based Jet Aviation, boosting its capabilities and global presence in the business jet services market. "As a unit of General Dynamics, Jet Aviation positions us to capture additional growth opportunities in the business-aviation market," Nicholas Chabraja, GD's chairman and CEO, said in a statement. Jet Aviation operates in nine locations in the United States as well as in multiple locations in Europe, Asia and the Middle East. When GD…

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