Australian-owned C&L Aerospace has found a niche providing parts and service for the regional aircraft industry but it is now expanding its base. According to CEO Chris Kilgour, “We’re offering more services at our location in Bangor, Maine, moving into additional existing hangar space and building a new paint hangar. We’ve also purchased a pool of GE engines we lease out, are leasing out aircraft, and we’ve acquired aircraft from Pinnacle Airlines that we’re marketing to the industry,” he said.
R2 Aerospace, a new company established by Rick Richardson, the former Yankee Pacific Aerospace (YPA) vice president of business development and founding shareholder, will pursue new opportunities in aircraft industry manufacturing and the maintenance, repair and overhaul sector in Tulsa, Okla. Richardson has extensive experience across all aspects of large aircraft interior completions.
The pre-owned business aircraft market has yet to hit bottom, industry experts said at a recent forum held by the National Aircraft Resale Association in Dallas. Nearly 200 members of NARA, the National Aircraft Finance Association (NAFA) and others in the aircraft industry, including representatives from most of the major OEMs, attended the event.