Quasar Aerospace Industries, Inc. CEO Announces Acquisition of Herlong Airport Maintenance Company
March 19 2010 - 11:28AM
Marketwired
Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP) --
Dean Bradley, the CEO of Quasar Aerospace Industries, Inc.
announces the acquisition of Corporate Air Repair, Inc. This deal
will add a top of the line maintenance capability to our growing
fleet of aircraft for both Atlantic Aviation and our other
corporate aircraft.
Corporate Air Repair is the Southeast's premier location for
King Air phase inspections and pilot recurrent training.
Corporate Air Repair offers complete general aviation
maintenance, annuals, 100 hour and pre-purchase inspections, as
well as antique aircraft restorations, and multi-engine and ATP
instruction.
Corporate Air Repair is operated by highly qualified technicians
with decades of experience, having airframe and power plant
certificates with FAA inspection authorization. The staff is both
knowledgeable and aviation enthusiasts. Corporate Air Repair takes
extreme pride in their craft and stand behind their work.
Corporate Air Repair's prior owner is Kenneth Oddy, an aviation
icon with over four decades of pilot and mechanical experience. Mr.
Oddy has agreed to stay on and manage the facility for at least a
year and possibly longer. Ken has been providing maintenance
services based at Herlong Airport for over 15 years. A retired
airline captain, Ken flies and repairs a legendary variety of
aircraft. He currently holds several FAA licenses including
Commercial Pilot's license, ATP, CFII, MEI (land and seaplane), A
& P Mechanic, and IA. He has logged approximately twenty five
thousand hours as a pilot.
Joshua Henderson, President and Chief Operating Officer of
Atlantic Aviation, Inc., states that this is a major step forward
in building a fully integrated pilot training academy here at
Herlong Airport.
This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended and such forward-looking statements are made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. You are cautioned that such statements are
subject to a multitude of risks and uncertainties that could cause
future circumstances, events, or results to differ materially from
those projected in the forward-looking statements as a result of
various factors, and other risks. You should consider these factors
in evaluating the forward-looking statements included herein, and
not place undue reliance on such statements. The forward-looking
statements in this release are made as of the date hereof and
Quasar Aerospace Industries, Inc. undertakes no obligation to
update such statements.
Contact: Quasar Aerospace Industries, Inc.
IR@quasaraerospace.net
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