NovaJet Acquisition by C-suite leadership and Wise Group
For Immediate Release:
NovaJet has announced that it has been acquired by the Wise Group as well as senior leadership from NovaJet.
"We are pleased to announce the latest news that our organization- the Wise Group of Companies has recently acquired NovaJet, in conjunction with the current management team of Philip Babbitt, Frank da Costa and Greg Young," said Steven Wise. "Having been an aircraft owner (and client of NovaJet), I experienced first-hand, how valuable the right management team is and how much collective wisdom, energy and passion they provide to their clients. Their "never say no" and 24 hour 7 day a week availability gave me a level of service far beyond anything the competition could provide. I trusted their business model and aviation experience so much that as Victor Kiam from Remington so famously quoted "I liked [it] so much I bought the company" - we thought we would too." Steven Wise is the Chairman of Wise Group of Companies which includes Muskoka Property Management and Wise Management and has been appointed Chairman of the Board. Along with Steven, the Wise Group's President, Michael Wise has been appointed to the NovaJet Board as a Director.
NovaJet is a full service jet charter, management, and acquisition aviation company with headquarters in Toronto. With multiple aircraft based at Toronto's Pearson International Airport, NovaJet provides flights to international and municipal airports world-wide.
Philip Babbitt has been an executive with NovaJet since the inception of the company in 2006, and has been appointed President and Chief Executive Officer. "As owners of NovaJet Aviation Group, we are dedicated to providing an exceptional experience, achieving the highest safety ratings and are proud of our industry reputation and distinctive way of doing business. The entire team's collective wisdom, energy and passion is continually focused on improvement and how we can streamline and simplify our clients' lives." As President and CEO, Mr. Babbitt will continue building industry leading programs and services while maintaining the company's core philosophies of providing new innovation and flexibility in Block Charter, and their President's Club exclusive membership program.
The company will continue to focus on problem management and transparency for clients & aircraft owners, as well as continue to promote NovaJet's unparalleled customer service and in-flight experience. With that in mind, Frank da Costa has also been with NovaJet since corporate inception, and will continue strengthening the operations of the company as Chief Operating Officer. "Maintaining our global leadership in safety and risk avoidance is paramount to ensuring the credibility of NovaJet's operations and safety focus." NovaJet's Flight Record is at the Highest Possible Level of accreditation and has achieved ARGUS International Platinum and IS-BAO level II rating for achieving high levels of safety and professionalism.
Greg Young, also a member of the executive team of NovaJet since corporate inception, has been appointed VP & Director of Flight Operations. Greg has been an integral part of NovaJet's success of obtaining these highest levels of accreditation for Safety and Operational standards. (NovaJet is 1 of only a few IS-BAO II rated operators in all of Canada). Greg's in depth knowledge and understanding of regulatory compliance, coupled with his pilot leadership skills are an incredible asset. "The new purchase will only enhance my ability to continue to drive team excellence within our flight operations and flight crew teams."
About NovaJet
NovaJet offers full service aircraft charter, aircraft management, and acquisition services to domestic and
international organizations. With multiple aircraft based out of the Landmark FBO facility at Toronto's Pearson International Airport, NovaJet's business operations are available 24 hours a day x 7 days a week. They offer light, medium, heavy jets as well as helicopter aircraft for charter anywhere in the world. NovaJet is more than just a private jet charter company; they are a fiscally responsible solution for all executive corporate travel. www.novajet.com
About the Wise Group of Companies
With over 50 years of experience the Wise Group of Companies manages a broad portfolio of organizations from such diverse industries as, real estate management and development, insurance, aviation, and venture capital. Whether it's in the air or on the ground, their depth and breadth of industry knowledge and expertise allows their portfolio to continue growing exponentially. The Wise Group of Companies has focused on building strong teams, providing financial transparency to clients as well as ensuring a reputation that clients can trust their business management capabilities to solve unique problems. www.wisegroup.ca
