AirNet Drops Buyout Proposal

 - September 26, 2006, 11:38 AM

Charter operator AirNet Systems has expressed “disappointment” at failing to reach a merger agreement with an undisclosed private-equity firm. The firm said it will now focus on “continuing to operate as an independent company,” although it remains open to offers from a “qualified potential acquirer.” Columbus, Ohio-based AirNet operates some 130 business aircraft in passenger charter and small-package delivery operations.