|
|
Article: United States: Oxford Aviation expansion financing falls through.
- Article from:
- TendersInfo
- Article date:
- August 26, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: kusumv03
The financial backing for a plan to open a new division of Oxford Aviation at the Sanford Regional Airport has fallen through, derailing the plans and leaving town and company officials back at the drawing board for a possible deal.
Town officials and the head of a company that was going to provide financing confirmed that the talks between Oxford Aviation and Boston-based Oso LLC were off. Oso is a privately held investment holding company that was going to provide money for the deal.
As originally envisioned, the $10 million project called for Oxford to open a 96,000-square-foot airplane-refurbishing facility, employing up to ...