RAYTHEON AIRCRAFT Services is to sell six of its 18 US fixed-base operations (FBOs) to Mercury Air Group, a national provider of aircraft-fuelling and ground-handling services.
The sale of the FBOs includes real-estate assets, plus aircraft-fuelling and line-service operations at Atlanta's Hartsfield and Peachtree airports; Ontario, California; Bedford, Massachusetts; and Addison and Corpus Christi airports, Texas.
Raytheon Aircraft Services president John Willis says that a study of its existing locations determined that some FBOs either duplicated efforts at other service centres or concentrated on activities outside the company's core business. Raytheon plans to use the proceeds of the sale to expand beyond its remaining 12 FBOs, he says.
Mercury already owns five US FBOs and says that the acquisition fits its strategic plan to provide fuelling, cargo and aviation services across the USA. Customers include domestic and international airlines and US Government and general-aviation aircraft.
Source: Flight International
