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.
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.
Even during the worst days of the recent recession, the demand for aircraft exterior paint remained relatively strong. Some completion and refurbishment shops even expanded their paint capability during this period. Elliott Aviation was one such shop.
Mercury Air Centers and TAG Aviation have joined to provide added travel services through Mercury’s FBO network. Mercury customers throughout the U.S. can now use a variety of ancillary services, including charter and management, through TAG Aviation. Mercury president John Enticknap said his FBOs often receive requests from customers for services outside the normal scope of the FBOs’ operations.
Midcoast Aviation in St. Louis last month was busy installing the first Teledyne Iridium Units (TIU) in Challenger 604s operated by Boeing’s executive flight department. Designed for use with MagnaStar air-to-ground telephone systems, the TIU from Teledyne Controls allows buyers to use their existing MagnaStar handsets to place voice and data calls anywhere in the world.
Fire is the sharpest two-edged sword in man’s bag of tools. When under control it was a formidable tool that warmed, comforted, cooked food and kept wild beasts at bay for prehistoric man. Today, it fulfills those and many other needs, yet out of control it is man’s worst nightmare. What greater fear can a pilot have than being at altitude with a fire in the cabin?
A source close to the Mercury Air Centers division of Mercury Air Group told AIN at press time that plans to sell the division to Washington, D.C.-based Allied Capital are moving forward. With due diligence ongoing, the target date for closing the $70 million deal is the end of this month. Mercury Air Centers, one of four divisions of Mercury Air Group, operates 19 FBOs nationwide.
Wing Aviation on Lone Star Executive Airport near Houston has opened a second paint facility designed to increase overall capacity. The new facility includes a wash rack and provides space for stripping metal and composite preparation processes. It features the same water treatment equipment used in the pre-existing paint facility complete with automated filtration system designed to exceed all EPA and TCEQ requirements.