Newspaper article THE JOURNAL RECORD

BizJet Strategy Leads to 150 Job Cuts

Newspaper article THE JOURNAL RECORD

BizJet Strategy Leads to 150 Job Cuts

Article excerpt

TULSA - A Tulsa-based aviation company has announced that it will focus on its engine service business and place its VIP business unit in a dormant mode, leading to 150 jobs cuts.

BizJet International Sales & Support Inc. made its announcement Wednesday. According to a statement from the company, 60 percent of its 250-employee workforce will be cut as a part of its refocusing strategy. The company operated from the Tulsa International Airport.

BizJet, which was founded in Tulsa in 1986, said it will offer affected employees a financial package and will work on placing them with other Lufthansa Technik Group companies in North America. Lufthansa Technik, a German maintenance, repair and overhaul company, acquired BizJet in 2000.

The VIP business unit, which focuses on outfitting and modification, maintenance, refurbishment and green completions of VIP and business jets in the Boeing BBJ and Airbus ACJ families, will be placed in a dormant mode as soon as current projects are completed. …

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