Jetcraft acquires CFS Jets
Private jet broker Jetcraft has acquired Corporate Fleet Services (CFS) Jets, a North American broker specialising in light and midsize jets.
Both companies will continue to operate individually and will benefit from access to each other’s expertise.
Peter Antonenko, president, Jetcraft told Corporate Jet Investor (CJI) that now is the right time for the acquisition due to increasing demand. “As demand for business aviation continues to grow, we continue to assess and adjust our own structure to better serve the needs of our growing client base,” he told CJI. “This strategic acquisition allows us to grow our market share and continue meeting the growing demand for pre-owned aircraft around the world.”
Jetcraft could not disclose the terms of the acquisition, but said the companies have combined experience of more than 800 transactions in the past five years.
“For more than 60 years, Jetcraft has been setting the standard in business aircraft transactions, placing a sharp focus on super-midsize, large and ultra-long-range jets,” said Antonenko.
He said the addition of CFS Jets means the company now has diverse product expertise across all types of jets. The acquisition brings the company’s number of advisers to more than 100 globally, he added.
David Monacell, partner, CFS Jets said: “Powered by Jetcraft, we are now giving our customers access to the most robust market intelligence and widest range of aircraft in the industry.”
CFS Jets – at a glance
- Operating since 1984
- Firm founded by CEO and president Mitchell McCune’s father
- Offers complete solution for aircraft acquisition
- Accredited IADA dealer
- Inventory including Gulfstream, Boeing, Bombardier, Cessna, Dassault and Beechcraft jets
- Helicopters also included in inventory