Gregory Polek has spent his entire career in aviation journalism with AIN, starting as a proofreader and assistant to then-managing editor Mary Mahoney in 1995 after serving an internship with&nbsp;New Jersey Monthly&nbsp;magazine and completing his B.A. degree in English/Writing at New Jersey’s William Paterson College. By 1997 Polek accepted a position as an associate editor, covering the regional airline beat for&nbsp;Aviation International News&nbsp;in place of retiring industry veteran Don Anderson. The assignment took Polek across North America and Europe to profile regional airlines varying in size and mission from the likes of floatplane operators Kenmore Air and Chalk’s Ocean Airways to regional jet operators such as SkyWest and American Eagle. Today, in his dual role as Air Transport Editor and International Airshow Editor, Polek writes, edits, and manages AIN’s commercial aviation content while overseeing each of the company’s daily international air show publications in Paris, Farnborough, Singapore, and Dubai. Most recently Polek has assumed oversight of daily coverage of the Helicopter Association International’s annual Heli-Expo convention.

Senior Editor

Gregory Polek

Wayne, Pa.-based Triumph Group today announced a deal to acquire Vought Aircraft Industries from The Carlyle Group for cash and stock consideration of $1.44 billion, including the retirement of Vought debt. Following the closing, expected to occur in July, Carlyle will own some 31 percent of the outstanding stock of Triumph. The purchase consideration to Vought shareholders includes some 7.5 million shares and $525 million in cash. The acquired business will operate as Triumph Aerostructures–Vought Aircraft Division.
Coincidentally, Vought reported increased fourth-quarter earnings today due primarily to sales associated with the Boeing 747-8 program. Net income also increased due to the absence of costs related to the 
<link ain-and-ainalerts>strike at the company’s Nashville facility in 2008. Revenue for last year’s fourth quarter rose $142.5 million, to $555.5 million, or 35 percent. The 747-8 program accounted for $136 million, or 81 percent, of commercial revenue. Meanwhile, business jet revenue fell by $14.5 million, or 19 percent, due primarily to reduced delivery rates directed by customers. Finally, military revenue jumped $21 million, or 13 percent, due mainly to increased deliveries on the V-22 and C-130 programs.

Triumph Group To Acquire Vought Aircraft

Wayne, Pa.-based Triumph Group today announced a deal to acquire Vought Aircraft Industries from The Carlyle Group for cash and stock consideration of $1.4

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