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Jet Aviation has announced that they have been sold, pending antitrust clearance, to the Permira Funds a leading international private equity specialist. Ending

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

several years of speculation, the Zurich based operator of business jet services has finally accomplished what had long been expected: the sale of the Hirschma

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

nn family business to outsiders.

As early as 2000 the sale of Jet Aviation had been expected by employees as well as by industry insiders. Indeed, Jet Aviation

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

management had been marketed openly throughout 2001 by Goldman Sachs, but the sale was cancelled when a suitable buyer was not found and the terrorist attacks

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

put a further drag on an already downturning economy. Still, rumors of the sale of the company persisted and heated up recently with speculation that one of War

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

ren Buffet's companies, i.e., Gulfstream Aerospace, may have been interested in the company's maintenance facilities.

Currently, Jet Aviation is a Zurich-based

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

concern employing 3500 people worldwide. US operations remain strong with the bulk of the employees working out of Teterboro [NJ] Airport.

Even with the proba

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

le sale of the company to Permira, speculation is persisting as to what will become of the company after the sale is completed. Some industry leaders believe th

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

at the company is more valuable for its parts than as a single entity. Thus, parts of the company could be sold off and a scaled down Jet Aviation might remain

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

in place. Areas of the company thought to be susceptible to a sale include:

1. US Maintenance Facilities. With prime locations at Bedford, Teterboro, We

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

st Palm Beach, and Dallas the American facilities are capable of providing expert airframe support to just about any type of business aircraft.

2. Completio

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

n Centers. Some or all of the company's award winning completion centers are thought to be highly marketable. From the Boeing BBJ to the Gulfstream 550, an

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

d to the Sikorsky S-70A aircraft delivered "green" to Jet Aviation facilities are outfitted with state of the art interiors.

3. FBOs. Jet Aviation's gro

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

up of fixed based operations which provide domestic and international flight handling, line maintenance services, refueling, passenger and crew transportation,

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

atering and hotel accommodations and immigration and customs services are an important asset for the company. Indeed, the Dubai facility -- Jet Aviation's newes

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

t FBO -- is considered by some to be unmatched in the industry.

4. Jet Professionals. Founded in 1983, Jet Professionals -- an aviation personnel servic

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

e provider -- became part of Jet Aviation as part of the acquisition of K-C Aviation Transportation Services in 1996.

5. Aircraft Management. Over 160 a

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

ircraft worldwide are managed by Jet Aviation including more than 50 in the US alone. Many of these aircraft are also available for charter. US operations could

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

be sold to Jet Aviation's strategic partner, New World Jet Corporation, a FAR Part 135 charter certificate operator.

In all, the sale of Jet Aviation ends one

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

big area of speculation while, at the same time, it has opened up other areas. In the world of business aviation speculation is business as usual

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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