News Listings for Dallas Addison

  • FBO industry reshapes

    News | 02 Oct 1996 09:46

    <p>From the USA to the UK, fixed-base operators have been changing hands as industry consolidation continues. In August, Mercury Air Group completed the acquisition of five FBOs from Raytheon Aircraft Services for $8.25 million. The sites involved are at Ontario International Airport in California; Georgia's Hartsfield International and Peachtree-DeKalb Airports in Atlanta; and Corpus Christi International and Dallas' Addison Airport in Texas. Los Angeles-based Mercury already operated five FBOs in California and Nevada, under the name Mercury Air Centers. The acquisitions expand the company's operations from regional to national and give Mercury a leading position in the US FBO market. The original $9 million deal with Raytheon was for six locations, and negotiations continue to purchase the FBO at Hanscom Field Airport, outside Boston, Massachusetts. </p> <p>Raytheon will remain a major player, with 12 FBOs, and has plans for expansion using the proceeds from the sale. The decision