Allied Capital, a Washington, D.C.-based business development firm, last month finalized a complex, controversial $81 million deal (including closing costs) to acquire the Mercury Air Centers (FBO) division of Los Angeles-based Mercury Air Group.
In one of its longest investigations into a general aviation accident, the NTSB released its final report last month on the Oct. 10, 2000, crash of a Canadian-registered Bombardier Challenger 604 during a manufacturer’s test flight at Wichita Mid-Continent Airport.
Independence Air’s designs on developing a Midwestern outpost for new discount-fare flights could suffer a serious blow if regulators follow through with proposed new slot restrictions at Chicago O’Hare Airport.
When NBAA hired Shelley Longmuir less than a year ago, the board of directors said the new president would raise the association to a new level. Apparently there was disagreement between Longmuir and the board on just what that next level should be.
Bombardier has agreed to extend the delivery schedule of US Airways’ regional jets by a year and convert an order for twenty-three 50-seat CRJ200s to positions on 70-seat CRJ700s, now scheduled to enter service with wholly owned subsidiary PSA Airlines through March 2006.
Buoyed by strong sales of its RVSM cockpit equipment to airlines and business aircraft operators, Exton, Pa.-based Innovative Solutions & Support (IS&S) this year looks on pace to post record revenue and profits.
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