Marshall Enters Bizjet Sales Sector as Part of Revamp
Marshall Aerospace is entering the pre-owned aircraft sales sector and expanding its executive charter division as part of a relaunch of its business aviation division. Under a new brand called Jetability, the Cambridge, UK-based group is also offering aircraft maintenance, ground handling and management, as well as concierge support and limousines.
According to Marshall Aerospace CEO Steve Fitz-Gerald, the new venture is backed by the Marshall Group, which posts annual revenues of $1.6 billion, and will be spending more than $30 million over the next three years to redevelop Cambridge Airport, which it owns. Over the next four years, Marshall Business Aviation wants to triple the number of business aircraft movements that it receives from the anticipated 2,400 this year.
It also intends to expand its Marshall Executive Aviation charter fleet to 10 or 12 business jets by adding new management clients or acquiring other operators. The FBO at Cambridge Airport is run by ExecuJet Aviation via a franchise agreement with Marshall.