jetAVIVA Reaches Agreement to Acquire Kansas Aircraft Corporation; Names Senior Executive Team

jetAVIVA Reaches Agreement to Acquire Kansas Aircraft Corporation; Names Senior Executive Team

Date

May 3, 2016

Combined companies will form the industry’s most influential and diverse aircraft sales organization

Austin, TX – jetAVIVA, the world’s leading seller of light jets, announced today that it has reached an agreement to acquire Kansas Aircraft Corporation (KAC), a highly respected aviation sales firm based in the Kansas City metropolitan area. In the last year, the two organizations transacted over 120 aircraft – making the new alliance one of the largest and most influential in the industry, covering the spectrum of piston, turboprop, and jet aircraft. The combined strength and capacity of the two organizations will further support jetAVIVA’s market-leading positions in the pre-owned Citation and Embraer markets, as well as the turboprop and piston aircraft markets.

jetAVIVA’s agreement with KAC follows the company’s recent closing of $20M in equity investment to help further grow the company’s offerings and capability. “Since our inception, it has been jetAVIVA’s core mission to make our Clients’ and stakeholders’ dreams come true. As we enter our 10th year of business, we have made it our goal to extend that mission to include more segments in the general aviation industry,” said Cyrus Sigari, jetAVIVA CEO. “KAC shares our core values of integrity, trust, and service above self, making the acquisition a very natural fit for us.”

Effectively immediately, Kansas Aircraft Corporation’s CEO Tim White has been named a Managing Partner for jetAVIVA. White joins the jetAVIVA team having previously served as Sr. Vice President of Sales for the Americas at Cessna Aircraft, overseeing sales of all new and pre-owned Citation, Caravan, and single-engine aircraft for North, Central, and South America. In addition to his extensive senior executive experience at Cessna, he also previously served in a senior sales executive role at Bombardier Aerospace overseeing sales efforts for the Global, Challenger, and Learjet business jet product lines. In the above capacities, Tim was responsible for the sale of $4.25 billion worth of Cessna and Bombardier aircraft.

To further jetAVIVA’s mission, Dustin Cordier has been named a Managing Partner. In his new role, Dustin will be responsible for general management of the combined sales organizations. He previously served in an executive sales capacity at both Cessna Aircraft and Embraer Executive Jets.

Following the integration of Kansas Aircraft, Dianne White has assumed the role of Vice President of Customer Experience. She will be responsible for developing innovative interactions and events to enhance the aircraft ownership experience of the organizations’ combined global base of 2,000 clients located in more than 40 countries. Dianne previously served as Vice President, Corporate Communications for Cessna Aircraft as well as the Editor-in-Chief of Twin & Turbine magazine.

Going forward, Kansas Aircraft will continue to focus on high-end piston and turboprop aircraft. The company has built a 25-year reputation of offering exceptional knowledge and expertise in Piper, Cessna and Beechcraft products.

“The KAC team’s passion for aviation, both personally and professionally, will absolutely build upon jetAVIVA’s commitment to serving the general aviation industry. Both teams have an incredible legacy of integrity, talent, and work ethic that has elevated our companies and will continue to make us the best in the industry,” said Sigari.