Ronson Aviation asset sale

Aviation International News » July 2009
July 1, 2009, 5:35 AM

Hawthorne TTN Holdings has agreed to purchase assets of Ronson Aviation at Trenton-Mercer Airport in Trenton, N.J. The agreed price for the assets is $9.5 million, which includes $500,000 held in escrow for 15 months to secure indemnification obligations. The Ronson Aviation assets include FBO facilities, hangars and maintenance and avionics shops. The sale is subject to Hawthorne TTN Holdings’ obtaining financing as well as Ronson shareholder approval and Mercer County agreement to transfer airport premises to the new owner.

FILED UNDER: 
Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.

 
X