While LightSquared emerged from bankruptcy on July 15, one of its first moves was to ask the bankruptcy judge to keep other investors at bay until December, to allow the company to complete its recovery plan. The judge allowed LightSquared until December 6 to complete the process. However, that didn’t stop one Wall Street heavyweight from raising its initial $2 billion bid to acquire the company’s assets to $2.2 billion, in a struggle between two rival billionaires: Charlie Ergen of Dish Networks; and Philip Falcone of Harbinger Investments, which owns LightSquared.
The Arapahoe County Airport Board of Commissioners has approved Mountain Aviation’s application to offer maintenance services to the public. Based at Metro Airport in Broomfield, Colo., and with operations at XJet at Centennial Airport, Mountain Aviation has had a presence in the area for more than 10 years.