Phoenix Acquires Jet Aviation Services Inc.
Phoenix Associates Land Syndicate (Phoenix) last week announced it had acquired Jet Aviation Services Inc. (J.A.S.), based at the Bob Hope Airport in Burbank, Calif. Phoenix said its latest acquisition complements its existing facilities in other U.S. regions but for which, until now, it had no West Coast location. Phoenix, a public holding company, has assets and/or interests in a variety of industries beyond aviation, including land development, oil and natural gas, commodity brokering, plumbing, trucking, contract hauling, construction and swimming pool construction. The company also notes J.A.S. is located in Hangar #2 at Burbank, which was home to the Lockheed Electra flown by Amelia Earhart.
Paul Alonzo, president and CEO of Phoenix, commented, "J.A.S. is a small but strongly profitable company … J.A.S. carries an unlimited airframe license which is extremely difficult to get in the best of times and currently has back logs of years to get such a certificate. We acquired 80% ownership of J.A.S. in a cash transaction, and we are very pleased to announce that the current operating partner, Dave Heredia, has agreed to stay with Phoenix in the position of President and Chief Operating Officer of J.A.S., Inc."