The new owner of Pentastar Aviation is described as an “aviation enthusiast,” and his acquisition of the former DaimlerChrysler Aviation is his first venture into an aviation service company. Edsel Ford II was elected to the board of directors of Ford Motor Co. in 1988. His career at Ford spanned more than 25 years. He was named president and COO of Ford Motor Credit Co. in May 1991 and elected a company vice president in December 1993.
DaimlerChrysler Aviation, which has been on the sales block for several months, is believed to be in acquisition negotiations with Edsel Ford II, according to industry sources. A DaimlerChrysler Aviation spokesman declined to comment, but a purchase agreement was described as “near” by a person close to the negotiations. Ford is a member of the board of Ford Motor Co. in Dearborn, Mich.