A little more than three years after former Wichita aircraft executives Tim and Dianne White purchased a Kansas City-area turboprop and piston aircraft sales business, they have sold it.
Austin-based business jet sales firm JetAviva announced Tuesday its agreement to acquire the Whites’ Kansas Aircraft Corp., based at the New Century AirCenter in Johnson County.
Financial terms of the deal weren’t disclosed.
“As we enter our 10th year of business, we have made it our goal … to include more segments in the general aviation industry,” JetAviva CEO Cyrus Sigari said in a news release. “KAC shares our core values of integrity, trust and service above self, making the acquisition a very natural fit for us.”
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The Whites said in an interview Tuesday that Kansas Aircraft will retain its name with the acquisition as well as its operations near Olathe.
“We have an office here and a sizable hangar … and we don’t see that changing,” said Dianne White, who, with the acquisition, becomes vice president of customer experience for JetAviva.
Tim White will become a managing partner for JetAviva.
Tim White was previously Cessna’s senior vice president of sales in the Americas and then regional vice president of western U.S. business aircraft sales for Bombardier.
Dianne White was previously Cessna’s vice president of corporate communications and former editor-in-chief of Twin & Turbine magazine. Both are pilots with more than 5,000 flight hours between them.
The Whites purchased the 26-year-old Kansas Aircraft in April 2013. It employs eight people and specializes in the sale of used, high-end piston and turboprop airplanes.
JetAviva, which recently received a $20 million equity investment, focuses on sales of used business jets and provides training to its customers, including helping them to get type ratings for the jets they purchase.
The companies had a combined 120 aircraft transactions last year, according to the Whites.
The combination will help Kansas Aircraft customers who want to transition to business jets but also need help in selling their piston or turboprop airplanes. While JetAviva’s focus has been on sales of used light jets, Tim White said, the company also will help its customers with the sale or acquisition of heavy jets.
“I will tell you the intention is to grow” JetAviva and Kansas Aircraft, Tim White said of the acquisition.