Completion and refurbishment specialist Pats Aircraft Systems, has executed the final steps in a restructuring agreement with its lenders that formally establishes the Georgetown, Del.-based center as “a fully capitalized, stand-alone company with a significantly reduced debt structure.”
Human resource management
DeCrane Aerospace, founded in 1987 by the late entrepreneur Jack DeCrane with the idea of assembling under a single umbrella all aspects of cabin refurbishment and completion, has found a buyer.
Organizationally troubled Sentient Flight Group will be undergoing a restructuring, only a few weeks after the Weymouth, Mass.-based charter operator and management firm announced that company chairman Gregory Campbell would be replacing Steve Hankin as CEO.
Phoenix-based Mesa Air Group has asked its employees to accept a voluntary 5-percent pay cut for one year in return for an incentive program tied to quarterly profits. The appeal coincided with 20-percent salary reductions for chairman and CEO Jonathan Ornstein, president Mike Lotz and executive vice president Peter Murnane. According to SEC filings, the three top executives’ base pay equals $200,000, $175,000 and $150,000, respectively.
The National Air Transportation Association provides an annual salary survey for business aviation professionals including pilots, line-service personnel, maintenance technicians, inspectors, dispatchers, customer service representatives and stock clerks.
Reliance Aerotech Services (RAS) of Nashville, Tenn., has launched a toll-free recruitment hotline to make it easier for prospective employees to contact the company’s recruiters. RAS provides outsourced aviation maintenance personnel and integration solutions for the defense, government, business and commercial aviation markets.
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