Due diligence

May 23, 2013 - 7:45am

Universal Weather and Aviation (Booth 363) announced here that it has started working with anti-bribery consultancy Trace to help mitigate its clients’ risk of bribery and corruption violations.

October 14, 2009 - 9:28am

CharterX Wyvern has endorsed the NBAA’s recently published NBAA Best Practices for Air Charter Brokering. The NBAA’s best-practices protocols include operational guidelines and safety oversight procedures.

January 27, 2009 - 10:14am

By the end of next month, JetDirect Aviation expects to close a deal with a private-equity firm “with significant private aviation experience” that will see the charter/management company backed by a new control investor, according to a letter sent to JetDirect clients last week. This follows JetDirect’s selling its three FBOs and unwinding recent acquisitions by selling Presidential Jets and Sunset Aviation back to their original owners.

May 15, 2008 - 5:06am

Dee Howard, the San Antonio-based heavy maintenance, repair and aircraft modification company in business since 1947, is being auctioned. According to CEO Jim Malone, Dee Howard filed for Chapter 11 protection in mid-February and the due diligence phase is now in progress, with all bids due by April 15. The winning bid is expected to be announced on April 18 and subsequently sent to a Federal Bankrupcy Court for approval.