MRO D&K Aviation seeks buyer

Aviation International News » September 2009
September 1, 2009, 10:02 AM

Class 4 FAA repair station D&K Aviation, located at Republic Airport in Farmingdale, N.Y., is up for sale. “We’re a privately held company and we’re accepting bids for the entire operation,” president and CEO Steve Jones told AIN. “We would really like to see someone purchase the entire operation so it stays intact, but if we have to we’ll liquidate the assets to pay off the bills; it’s begun to bleed us dry.

“The economy was enough of a problem but the final nail in business aviation’s coffin was the Obama Administration and congressional position that corporate aircraft are nothing more than perks,” Jones said. “We were going strong with 42 employees, but
it has been at least six months since we’ve had any significant work. I’ve been forced
to let everyone go except our chief inspector so we can keep the certificate alive in anticipation of a sale.”

Tags: 

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