Flight Options Spins Off Component Repair Unit

 - November 27, 2007, 9:25 AM

Component repair company Heico Corp. of Hollywood, Fla., will expand its services in the repair of avionics and other instruments as a result of purchasing Cleveland-based Inertial Airline Services (IAS) from fractional aircraft ownership operator Flight Options. Heico said it plans to keep IAS management intact and retain its location in Cleveland. Flight Options now operates 88 airplanes for more than 700 owners.