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Press release from PR Newswire

Jet Aviation Acquires Enterprise Jet Center FBO at Houston Hobby Airport

Wednesday, February 29, 2012

Jet Aviation Acquires Enterprise Jet Center FBO at Houston Hobby Airport17:00 EST Wednesday, February 29, 2012TETERBORO, N.J., Feb. 29, 2012 /PRNewswire/ -- Jet Aviation has acquired the Enterprise Jet Center FBO at Hobby Airport in Houston, Texas, adding the 14th FBO to its global network of premium aircraft service and support facilities. Enterprise Jet Center is one of the largest and most modern FBOs, or "fixed-base operators," at Houston Hobby Airport, providing fuel, catering, aircraft cleaning and maintenance, repair and overhaul (MRO) services to private aircraft. The facility becomes the sixth Jet Aviation FBO in the U.S., including Boston/Bedford, Mass.; Dallas, Texas; Palm Beach, Fla.; St. Louis, Mo.; and Teterboro, N.J. "North America is a key market for Jet Aviation and the acquisition of Enterprise Jet Center is an important step in our effort to expand our aircraft-service offerings to customers in the U.S.," said Dan Clare, Jet Aviation president. Enterprise Jet Center opened its facility in 2006. Facility highlights include a 10,000-square foot drive-through canopy for aircraft, an 85,000-square foot clear-span hangar, a 30,000-square foot maintenance-only facility that is open 24 hours per day, and a 28,500-square foot terminal/office building."The state-of-the-art facilities, high-end customer amenities and service-oriented attitude make this operation a perfect fit for the Jet Aviation family. Houston is the fifth most-active U.S. business aviation airport and the facility now becomes Jet Aviation's second operation in Texas, including one at Dallas Love Field," said Gary Dempsey, president, Jet Aviation's U.S. Aircraft Services. "We welcome the 44 employees to our organization and we're delighted to have an additional location in the U.S. to serve our customers." Enterprise Jet Center also is a certified FAA Repair Station (J89R218Y). Onsite technicians specialize in Falcons, Citations, King Airs, Hawkers, Learjets and Beechjets. Certified technicians perform routine aircraft servicing and major inspections and repairs. Staff technicians have experience in all aspects of aircraft maintenance for major corporations, individual aircraft owners and charter operators. The value of the cash transaction was not disclosed.Jet Aviation, a wholly owned subsidiary of General Dynamics (NYSE: GD), was founded in Switzerland in 1967 and is one of the leading business aviation services companies in the world. Close to 5,000 employees cater to client needs from 25 airport facilities throughout Europe, the Middle East, Asia and North and South America. The company provides maintenance, completions and refurbishment, engineering, fixed base operations, along with aircraft management, charter services, aircraft sales and personnel services. Jet Aviation's European and U.S. aircraft management and charter divisions jointly operate a fleet of more than 200 aircraft. Please visit www.jetaviation.com.More information about General Dynamics is available online at www.generaldynamics.comSOURCE Jet AviationFor further information: Heinz R. Aebi, Senior VP Group Marketing & Communications, +41 58 158 8890 or heinz.aebi@jetaviation.ch or Ann Hein, Director, PR and Communications, Jet Aviation The Americas, +1-618-646-8320 or ann_hein@jetaviation.com; or Investors: Amy Gilliland, General Dynamics, +1-703-876-3748, agilliland@gd.com