In an 8-K filing with the U.S. Securities and Exchange Commission filed on June 12, Macquarie Infrastructure revealed that it is adding two FBOs at Norman Mineta San Jose International Airport (SJC) in Northern California to its acquisition of the Mercury Air Centers FBO chain.
L-3 Avionics Systems has received STC approval aboard the King Air C90 for its new Iris infrared imaging system for general aviation aircraft, along with FAA Parts Manufacturer Approval. The C90 is the first application for Iris, which a spokesperson said is generating “tremendous interest. We have installation and certification programs under way for many different platforms.”
Enhanced-vision system (EVS) makers Forward Vision and Max-Viz have announced a joint venture to bring lower-cost infrared products to the general aviation market. A repackaged version of the Max-Viz EVS-100 will be the first manifestation of the alliance when the $15,000 forward-looking sensor goes on sale early next year.
Allied Capital, the private-equity firm owner of the Mercury Air Centers FBO chain, has agreed to sell its 24 FBOs to Macquarie Infrastructure, a publicly traded Australian company that also owns the Atlantic Aviation FBO chain. The $456.2 million deal includes 24 Allied Capital FBOs, which include Mercury Air Centers (purchased in 2004 from Mercury Air Group), Corporate Wings, FirstAir and IX Jet Center.
The top spots at two of the country’s largest FBO chains are changing hands. Mercury Air Centers (16 locations) has confirmed that president John Enticknap has been replaced by Randall Jones; and Signature Flight Support (43 North American locations) has verified that Beth Haskins will step down in September. Signature has not named a replacement for Haskins, who served as the company’s CFO before taking the reins as president in 2000.
Australia’s Macquarie Infrastructure confirmed that it is buying Allied Capital’s chain of 24 FBOs, which includes Mercury Air Centers, Corporate Wings, FirstAir and IX Jet Center. Price of the purchase is $456.2 million, and the deal should close in the third quarter, “subject to consent (or letters of estoppel) being received from relevant airport authorities,” according to a Macquarie statement.
Cleveland-based Corporate Wings/Mercury Air Centers this week named Richard Michaels as its vice president of marketing. Michaels, a 25-year business aircraft sales veteran, was tapped by company CEO Kenn Ricci to head marketing and sales functions for all affiliated companies.
Nobody likes to disconnect a push-pull primary fluid line and take a shower in jet fuel or hydraulic fluid, especially in a combat situation. To avoid this all-to-common scenario on the new multinational F-35 Joint Strike Fighter, Lockheed Martin chose Eaton’s new Ultra-Mate couplings for primary fluid conveyance applications.
Publicly traded Macquarie Group, the Australian company that owns the Atlantic Aviation chain of FBOs, is purchasing the FBOs owned by private-equity firm Allied Capital and will merge them into the Atlantic network. Macquarie, which bought Atlantic in April 2004, is performing due diligence to purchase Allied’s 22 Mercury Air Centers, Corporate Wings, FirstAir and IX Jet Center FBOs, according to Atlantic v-p Sue Sommers.
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.