FR Aviation buys National Jet Systems

FR Aviation Limited (FRA) has agreed to buy Australian BAe 146 operator National Jet Systems group for AUS$62.0 million. FRA specializes in surveillance operations and the provisions of specialized equipment to government and military users, and was particularly interested in NJS’ contract to operate maritime surveillance services for the Australian Customs Service. If the deal is approved by government authorities, it will be completed in February 2000.

Leave a comment

Your email address will not be published. Required fields are marked *