Miami Firm Might Take Control of Nimbus Group
Nimbus Group, the Fort Lauderdale, Fla. company that recently failed to obtain sufficient financing to complete its proposed purchase of 1,000 Eclipse 500 entry-level twinjets, has signed a letter of intent to swap shares of stock with Miami-based Horizons Aviation. If the agreement is approved, the controlling shareholders of Horizons will own a controlling share of Nimbus. Horizons, a privately owned Miami-based holding company, owns four general aviation subsidiaries, but only one of them–Turbine Support International at Vero Beach, Fla.–is in operation. Horizons is preparing to re-launch a charter operation later this year, acquire an FBO and, early next year, start a Jetstream 31/32 fractional aircraft ownership program.