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.
A provision in the legislation to reauthorize the nation’s surface transportation programs, known as the Highway Bill, would “drastically alter the way the taxes on jet fuel are collected,” according to the National Air Transportation Association. Under the proposal, jet fuel would be taxed at the same 24.4-cent-per-gallon rate as diesel fuel.
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.
Aircraft Spruce & Specialty of Corona, Calif., has entered an exclusive arrangement with Gentco to market that company’s new nitrogen tire inflation system.
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.
Donaldson Co. announced yesterday that it has acquired Aerospace Filtration Systems (AFS) of St. Louis, Mo. The deal, which was inked on Tuesday, calls for AFS to become a wholly owned subsidiary of the worldwide supplier of filters and support. The marriage isn’t new for the two companies; they were selected as a team last year to supply integral barrier filters (IBF) for the Bell 429 and the recently canceled 417.
A source close to Mercury Air Group’s top-level management team has told AIN that the sale of the company’s FBO division, Mercury Air Centers, has been delayed. Originally expected to close at the end of January, the deal with Washington, D.C.-based business development firm Allied Capital remains in the due-diligence phase and is now expected to close about the middle of next month.
Helitowcart (Booth No. 3501) introduced its HeliCushion kit for “instant refurbishing” of Eurocopter AS 350 and AS 355 seats. The “ready-to-go” kit consists of molded foam buildup and cover and is designed to slide into place in seconds and fit all seating positions.