23/05/2012 JET AVIATION BASEL DIVIDES COMPLETIONS AND MAINTENANCE

JET AVIATION BASEL DIVIDES COMPLETIONS AND MAINTENANCE

In an effort to continue improving its competitiveness, Jet Aviation is reorganizing into two independently managed organizations for completions and maintenance at its Basel location. Neil Boyle has been appointed vice president completions and Johannes Turzer as vice president maintenance at Jet Aviation Basel.

"Each organization will be streamlined for maximum effectiveness, establishing accountability and operational control by line of business, which will help us to further improve our processes and reduce costs," said Dan Clare, president of the Jet Aviation Group. "This initiative helps keep us competitive now and as we look to our future.”

Neil Boyle, who joined Jet Aviation Basel from Gulfstream Aerospace in July 2011 to lead the company's production business, was appointed vice president of the newly formed completions organization. Neil holds an FAA Airframe and Power Plant Certificate (A&P), a certificate in aerospace/aviation safety, and a Bachelor's degree in Professional Aeronautics from Embry-Riddle Aeronautical University. He is also Lean Six Sigmacertified.

Johannes Turzer, who joined Jet Aviation in 2000 as vice president and general manager of the company's MRO and FBO operation in Dusseldorf, took over the Basel maintenance operation in July 2011. With his appointment as vice president of the newly established MRO organization, he is responsible for all maintenance-related activities at the Basel site. Both, Boyle and Turzer report directly to Dan Clare.

The company's initiative is driven largely by the difficult economic environment, with an ongoing industry-wide slowdown and other unfavorable conditions, including the strong Swiss Franc. In addition, the death of a customer led to the unexpected cancellation of the Boeing 747-8 cabin interior VVIP completions project which was due to arrive in Basel this spring.

"We are currently in negotiations with a number of prospects for new completions business and are optimistic that we will sign a project agreement in the coming months," Clare added.

Despite the current cost-reduction initiatives and efforts to generate new business, the company intends to reduce the number of permanent jobs in management, production and non-production in completions and maintenance by approximately 250 through the end of 2012. Jet Aviation Basel will enter a consultation phase in accordance with Swiss Labor Law which will conclude on June 13. The company will then communicate the outcome of the consultation phase and the final headcount reduction on June 22, 2012.

Following these initiatives, Jet Aviation anticipates that the new completions and maintenance organizations in Basel will continue to employ approximately 1,000 workers.