SENTIENT TO SPLIT, SELL DIVISIONS TO MACQUARIE UNIT
Sentient Jet Holdings, the Weymouth, MA-based private aviation services company, plans to split into two stand-alone companies and sell one of them to Macquarie Global Opportunities, a subsidiary of the Australia-based Macquarie Group.
The financial terms of the transaction, expected to close by the end of August, were not disclosed. Sentient’s jet membership, retail charter brokerage, and fuel management arms — in addition to the Sentient brand name — will be acquired by Macquarie, according to Sentient.
The company’s aircraft management, wholesale charter operations, technical services, and fixed base operations units be will reorganized and rebranded, but will remain under Sentient’s current ownership, a group of investors headed by current company chairman and CEO Gregory Campbell. In a written statement, Campbell attributed the decision to split the company to recent growth, led by its merger last year with Berwyn, PA-based JetDirect Aviation. That merger increased the company’s fleet of corporate jets from 25 to 145.
HUDSON GROUP WILL JOIN FORCES WITH DUFRY AG
Hudson Group, based in East Rutherford, NJ signs an agreement to merge with Dufry, the global travel retailer based in Basel, Switzerland. Since December 2007, Hudson has been majority owned by the Boston-based private equity firm Advent International. Hudson and Dufry are both portfolio companies controlled by Advent.
Hudson Group is a leading travel retailer in North America, operating over 540 newsstands, bookstores, cafes, and specialty retail shops in 70 airports and transportation terminals throughout the United States and Canada since 1987.
Dufry AG is a global travel retailer operating over 460 duty free and duty paid shops in airports, cruise lines, seaports, railway stations, and downtown tourist areas. Dufry South America Ltd. is a subsidiary of Dufry AG and is listed on the Brazilian and Luxemburg stock exchanges.
aci-na — Airports Council Int’l – North America selects Boston Logan Int’l Airport, Seattle-Tacoma Int’l Airport, and Minneapolis/St. Paul Int’l Airport as winners of its 2008 Environmental Achievement Awards.
aopa — Aircraft Owners & Pilots Assn. calls on FAA to show even greater support for general aviation in its key short-term strategic planning document, the FAA Flight Plan. Each year the FAA Flight Plan looks at the coming five years and what the agency’s management initiatives and priorities should be.
asheville (NC) regional airport authority — board selects three companies to provide professional consulting services to ARAA for all design, architecture, planning and engineering projects: AVCON, Inc., RS&H Architects-Engineers-Planners, Inc., and The LPA Group will serve as general consultants through June 30, 2013.
baa pittsburgh — developer of the AIRMALL® at Pittsburgh Int’l Airport, welcomes Ultra Diamonds, an established national retailer of off-priced fine jewelry.
banyan air service — at Ft. Lauderdale Executive Airport offers an array of services to help pilots with island flying, distributing an information packet with required forms and documentation, and making available customer support representatives with firsthand knowledge of the Bahamas. Pilots also have access to CaribbeanFlyingAdventures.com in Banyan’s flight planning room. Customs is available at FXE from 9 a.m. to 9 p.m. daily.
boeing — completes work on the first BBJ 3, a new, larger business jet based on the Boeing Next-Generation 737-900ER (Extended Range). The BBJ 3 has 1,120 square feet of floor space, and provides 35 percent more interior space and 89 percent more luggage space than the BBJ 2. The BBJ 3’s range is between 5,435 nmi and 4,725 nmi.
Sturgell nominated to be faa administrator In October, the Bush Administration nominated acting FAA Administrator Robert A. Sturgell to take over the post full-time for a five-year term...
ATLANTA , Aug. 14 /PRNewswire/ -- Flexplay Entertainment -- the exclusive worldwide marketer of Flexplay(R) Time-Limited DVD technology -- today announced a retail distribution agreement with...