August 30, 2013
Jazz Aviation concludes sale of London Ontario facility
Jazz Aviation has completed the sale of its London, Ontario hangar and office facility to Fanshawe College for $3.85m in cash. This transaction follows Jazz’s previously announced decision to consolidate its London and Halifax heavy maintenance bases in Halifax following a comprehensive review of its heavy maintenance requirements. In addition, the divestiture of the London, Ontario hangar and office facility is consistent with the Company’s overall strategy, which is focused on strengthening Jazz’s competitive position by improving efficiencies and operating economics.