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Article: United States: TAC Air buys competitor.
- Article from:
- TendersInfo
- Article date:
- September 7, 2009
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Byline: kusumv03
TAC Air, which has been servicing charter and private aircraft at Lexington's Blue Grass Airport for the past 12 years, has purchased the assets of its competitor, Air 51.
The deal, which took place last month, means that TAC Air will, once again, be the only fixed-base operator at the airport. "Both parties felt like conditions were ripe," said Danny Walsh, vice president of aviation at TAC Air. Air 51 opened a $3 million hangar at the airport last year. Officials of the defunct business could not be reached for comment.
TAC Air, which is building a new executive terminal and hangars at the airport, which it expects to have ...