All Sections
Welcome guest, you have 3 views left.  Register| Sign In

Seabrook aviation consulting firm secures $10 million loan

SEABROOK — A local company that provides consulting services for private flight arrangements is getting an infusion of capital that will enable it to expand.

Private Jet Services Group, which has approximately 25 employees at 5 Batchelder Road, has secured $10 million in financing from RBS Citizens, company officials announced.

PJS Group is one of the largest private aviation-consulting firms in North America, said Greg Raiff, company CEO. Its clients include large corporations, professional sports teams, collegiate sports team, entertainment acts, private fliers and government workers.
The company contracts with various airlines and ground transportation providers to deliver complete travel arrangements for private or corporate flights, including coordination of customs, immigration, airport authority landing and ramp rights, as well as other services such as catering.
The company has seen significant growth in the corporate aviation market, said Raiff, and intends to move aggressively into cargo and freight forwarding, as well expansion of its existing passenger services.
The financing will also be used to acquire competitors in the same area of business.

“This is a customized-solution business where cookie-cutter approaches have historically proven to fall short,” Raiff said. “The substantial funding by RBS Citizens provides the unique opportunity to work with many companies that do a fantastic job in our industry, and we are looking forward to partnering with them.”
PJS was founded by Raiff in 2003 and today handles more than 1,000 flights a year around the globe.

Post or View Comments 

NH Maple Weekend NH Maple Weekend
All Weekend

Sap Gathering Contest Sap Gathering Contest
Saturday, 10 a.m.

45th Annual NH Camping and RV Show 45th Annual NH Camping and RV Show
Friday, 1-8 p.m.,
Saturday, 10 a.m. - 8 p.m.,
Sunday, 10 a.m. - 5 p.m.

Ales for Tails Ales for Tails
Sunday, 1-5 p.m.

Follow us on Twitter Follow us on Facebook Follow our RSS feed
Union Leader app for Apple iPad or Android *
Click to download from Apple Apps StoreClick to download from Android Marketplace
* e-Edition subscription required

More Business

NH Angle