Petersen Aviation VNY

[smellthejeta]

Heard through the rumor mill that Petersen closed up their Part 135 charter dept. Any truth to the rumor or anything more to the rumor? I also heard that the facility and the charter fleet (a couple of GIV's and a couple of Hawkers) is up for grabs for about $125 mil.

 

[Spooky 1]

I have heard the same thing. Jet Aviation is supposed to be sniffing around the package, which is way over priced BTW.

 

[smellthejeta]

I have heard the same thing. Jet Aviation is supposed to be sniffing around the package, which is way over priced BTW.

The gouge that I heard is that the FBO and charter department are up for sale at $120 or there abouts. That seams to be a very reasonable asking price given the number of planes in their charter dept. I heard Clay Lacy tried to make a lowball offer at $80 million and was told to take a hike.

 

[Spooky 1]

Actually there are severak aircraft built into that number. When you factor them out of that price, the deal is worth closer to 60 million, or so I am told.

 

[AMRAAM]

Petersen VNY

I was on their website a few weeks ago out of curiosity and there was a link for charter. A few days ago I heard the news as well and went back to find that link removed! Pretty compelling evidence that something really big has happened there!