Ranger Aerospace & Aeronautics Inc. Modifies Name

IRVING, TX -- Ranger Aerospace & Aeronautics Inc., a private equity consolidator currently specializing in investments in the rotorcraft services industry, has changed its corporate name for better branding purposes to Ranger Rotorcraft Group Inc. The company announced this routine change as part of larger plans by Ranger Aerospace LLC to invest in other industry sectors in the coming years under the "Ranger Aerospace" brand.

"Our Texas operations are pure-play in the rotorcraft technical services sector," says Steve Townes, CEO and founder of Ranger Aerospace LLC. "The revised corporate name for that holding company says more accurately what they do. Ranger Aerospace contemplates investments in other non-rotorcraft sectors. The Ranger Aerospace brand is better used to cover a wider range of subsidiaries in the future." Townes remains the Chairman of Ranger Rotorcraft Group Inc.

The rotorcraft services holdings of Ranger today include:

  • Texas Aviation Services Inc. -- a large depot-sized helicopter service center that specializes in completions, avionics, interiors, paint, MRO, re-wiring, and mission retrofits for civilian and military helicopters
  • Integrated Flight Systems Inc. -- specializes in helicopter air conditioners and video systems, and is adding new STCs for other helicopter specialty products
  • Ranger AeroDesign -- an engineering unit that provides aeronautical engineering services to Ranger's subsidiaries and to outside clients, with a goal of eventually qualifying as an "ODA" licensee with the FAA
  • Platinum Aviation Group Inc. -- holder of numerous STCs and an unlimited repair station license, in which special projects can be accomplished. Newly teamed with Pegasus Helicopters PLC, for prototyping and manufacturing pressure-jet helicopter kits
  • Ranger Rotorcraft Group, Inc. presently has all of its operations at Meacham Field in Fort Worth, TX. The Ranger Aerospace LLC headquarters remains in Irving, TX, with no change to its shareholder structure or staffing.