Cessna Aircraft has signed a letter of intent to acquire Jet Aviation's maintenance, repair and overhaul (MRO) facilities in Zurich, Switzerland and Dusseldorf, Germany. The sale, expected to be completed by year-end, would not include the FBOs at those locations. Jet Aviation, which had spent the past couple of years reviving its struggling completions business, has more recently experienced a downturn in its services division as demand from Europe dipped. Jet Aviation will continue to ...
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