Central Flying and TAC Air working on potential deal at airport | Arkansas Blog

Friday, December 5, 2014

Central Flying and TAC Air working on potential deal at airport

Posted By on Fri, Dec 5, 2014 at 2:42 PM

TAC Air, a fixed-base operation at the Bill and Hillary Clinton National Airport, has reached a tentative agreement to purchase a part of Central Flying Service's operations.

Dick Holbert, the CEO at the family-owned Central Flying, said there was a letter of intent and the two companies were working on a purchase agreement, but details were not yet complete. In it, Central would divest itself of line operations — fueling and hangars — to TAC. Central would continue aircraft sales, charter flights, flight training and aircraft maintenance, which includes everything from interiors to avionice\s and paint.

Central has 21 hangars on 77 acres at the airport. Holbert said TAC would assume the land leases and buy the hangars, then lease space back to Central. TAC would be the sole fuel supplier under the deal. Holbert cautioned that the deal might not be completed.

TAC Air, a Truman Arnold company, purchased the assets of Supermarine of Little Rock  earlier this year and started operating in Little Rock, its 14th fixed base operation.

Central Flying, in business since 1939, calls itself as the world's largest fixed-based operator, with 21 hangars on 77 acres at the airport. 

Holbert was anxious to dispel rumors that Central was being sold in its entirety. "We're in our 75th year and we intend to be here a lot longer," he said.


Tags: , , , ,


Favorite

Comments

Subscribe to this thread:

Add a comment

More by Max Brantley

Readers also liked…

  • Women's March planned in Arkansas to mark Trump inauguration

    Speaking of Donald Trump and in answer to a reader's question: There will be a women's march in Arkansas on Jan. 21, the day after inauguration, as well as the national march planned in Washington.
    • Dec 30, 2016
  • LR Police Chief Buckner in running for Charleston, S.C. job

    KATV reports that Little Rock Police Chief Kenton Buckner is one of five finalists for the job of police chief in Charleston, S.C., and will be visit Charleston next week as part of the process.
    • Feb 2, 2018
  • Campus gun bill clears committee

    The so-called compromise amendment that will allow anyone 25 or older with a training certificate carry a concealed weapon on public college campuses was approved in a Senate committee this afternoon.
    • Feb 21, 2017

Most Viewed

Most Recent Comments

  • Re: Forecasting the House

    • I seem to remember that fivethirtyeight.com made a presidential prediction in October, 2016…

    • on August 20, 2018
  • Re: A question for French Hill

    • I believe that Clark Tucker will dump the Russian French Fry in November......

    • on August 20, 2018
  • Re: A question for French Hill

    • Mabye trump can bring Putin with him when he holds a rally in Little Rock…

    • on August 20, 2018

Slideshows

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation