Private Investment Companies

Oct. 4, 2007
While at NBAA last week, it struck me the growing number of aviation companies that have been purchased and sold by private investment companies. I have seen quite a few companies go through these types of acquisitions in the seven years I have been with AMT. It is sometimes difficult to keep up with who owns what company. I often speak with with the companys' public relations folks during these acquisitions. They tell me "this is a positive step forward for the company" or "these investors are in it for the long run." But how do these acquisitions affect the aircraft maintenance professionals who actually perform the work? If you have gone through one of these transitions, how has it affected you and your fellow aircraft mechanics? I have heard one side of the story. Is there another side of the story that needs to be told? Private investment acquisitions in aviation -- good, bad, or ugly? Thanks for the feedback, Joe Escobar