Discovery cancels VIH buy

Aviation International News » April 2007
March 27, 2007, 6:52 AM

A plan for Discovery Air to buy VIH Aviation Group, which would have included VIH affiliate YYJ FBO Services at Victoria International Airport in British Columbia, has been canceled, according to a Discovery statement. “Over the course of recent conversations between VIH and David Taylor, CEO of Discovery,” said a VIH statement, “it became apparent that both businesses have a different vision of the strategic direction of the companies and their corporate management and governance in both the short term and long term. VIH has not divulged details of how specifically the negotiations broke down, but price was not the issue.”

Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.