Peter Edwards to step down as Jet Aviation president

"I want to express my sincere thanks to Peter Edwards for leading the Jet Aviation group over the past four years. Since the acquisition by General Dynamics in late 2008, Peter diligently maintained Jet Aviation's position as the leading independent service provider in the market to all OEM's," said Joe Lombardo, executive vice president of the parent company, General Dynamics.

Edwards joined Jet Aviation as CEO in May 2007, with an initial mandate to modernize and expand the company's business aviation services. He oversaw the successful sale and transition to General Dynamics in November 2008. Under his leadership, Jet Aviation expanded its activities in the Middle East, and established new operations in Russia, Brazil and Asia.

"It has been an immense privilege to work for Jet Aviation for 4 great years and lead this global team of talented and committed people," said Edwards.

A successor has not yet been named but is expected to join the firm in July.