November 7, 2012 - 2:40pm

Timco Aviation Services has purchased the assets that were used by Pemco World Air Services in its former aircraft maintenance, repair and overhaul operation at Cincinnati-Northern Kentucky International Airport. The company has also signed a lease agreement for the hangar previously occupied by Pemco and will use the facility to expand the existing base of business there serving regional aircraft operators.

June 13, 2012 - 10:40am

Singapore Technologies Engineering’s (ST Engineering) Vision Technologies Aerospace (VT Aerospace) has made a successful bid for Pemco World Air Services and certain assets including the Boeing 737 freighter conversion supplemental type certificates. The company paid $49.7 million at a bankruptcy auction, a price that includes VT Aerospace’s assuming liabilities estimated at $6.2 million. A spokesman for the company declined to detail the specifics of the liabilities.