Jet Aviation is restructuring its services business with the sale of two key European locations to Cessna Aircraft, which 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 the end of this year, would not include the fixed-base operations at those locations. The companies did not detail terms of the acquisition. Jet Aviation, which had spent the ...
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