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: , , , ,


Sign up for the Daily Update email
Favorite

Comments

Subscribe to this thread:

Add a comment

More by Max Brantley

Readers also liked…

  • A response to police arrests becomes a tutorial on race, class and policing in Little Rock

    John Walker, the 79-year-old civil rights lawyer, and his associate, Omavi Shukur, 29, a young lawyer devoted to criminal justice reform, talked to press this afternoon about their arrests Monday by Little Rock police for supposedly obstructing governmental operations in observing and attempting to film a routine police traffic stop. It was a tutorial on sharp views of race, class and governance in Little Rock.
    • Sep 29, 2016
  • Antwan Phillips wants to make a difference in reducing Little Rock violence

    KARK/Fox 16's push to do something about Little Rock violence includes a spotlight on people trying to make a difference — in this episode Antwan Phillips, a lawyer at Wright, Lindsey and Jennings.
    • Aug 30, 2017
  • Donald Trump declares war on Hillary Clinton's marriage

    Donald Trump gave a remarkable interview to the New York Times yesterday in which he declared open season on the marriage of Bill and Hillary Clinton and Bill Clinton's past infidelity. Seems like a loser, but I've been wrong before.
    • Oct 1, 2016

Most Viewed

Most Recent Comments

 

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