Story ID: 
Jetcraft Broadens Reach with CFS Jets Acquisition
By: Kerry Lynch
Caption: Jetcraft called the CFS Jets acquisition complementary, bringing light, midsize jets, and turboprops to the brokerage portfolio.
Word Count: 183
Jetcraft expanded its brokerage reach through the acquisition of Corporate Fleet Services (CFS Jets), which specializes in light and midsize jets, along with turboprops.
Peter Antonenko, president of Jetcraft, called CFJ Jets’s services complementary to his company’s own focus on super-midsize, large, and ultra-long-range jets—providing diverse expertise across aircraft products. Plans call for the companies to continue to operate individually for the time being, Antonenko said.
Approaching its 40th anniversary, CFS Jets is based in Cornelius, North Carolina, with offices in Texas and Tennessee. Jetcraft, meanwhile, traces its roots back to the Raleigh-Durham Aviation FBO ownership change in 1962 and has evolved into the global sales brokerage that conducted at least 800 business jet transactions worth $15 billion over the past decade.
“This strategic alliance represents a significant milestone for Jetcraft while also bringing additional benefits to our clients,” said Antonenko. “Together with CFS Jets, we now offer nearly a century of experience, more than 100 dedicated global advisors, and the largest number of exclusive jet listings.”