The direct reports from Jet Aviation concerning its “for sale” status do not reveal much in the way of hard news. At least not yet. A spokesman confirmed the company has engaged New York investment house Goldman Sachs to handle the possible sale of the, family-owned company.
Aviation International News » July 2002
Gary Hay, who started working on Cessna’s manufacturing floor in 1966 and worked his way up to CEO just over two years ago, retired unexpectedly from the Wichita-based airframer on June 30. Russ Meyer, president of Textron’s new aircraft sector and who was Cessna CEO and chairman from 1975 to 2000, announced he would serve as interim chairman and CEO until a permanent replacement is appointed.
The NTSB’s recently released final report on the fatal crash of a chartered Gulfstream III, N303GA, at Aspen, Colo., on March 29 last year indicates that from the start little went right for this flight. A much later than planned departure from Los Angeles International Airport launched a race to beat an approaching curfew, ever darkening skies, deteriorating weather at the destination and a critical fuel situation.
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