Bedford, MA (January 8, 2013) – Rectrix Commercial Aviation Services today announced the acquisition of AirFlyte, Inc. of Westfield, Mass – a full-service executive terminal FBO with state of the art maintenance and hangar facilities.
“We’re pleased to welcome AirFlyte’s employees into the Rectrix family,” said Thomas J. Russell, Executive Chairman of Rectrix Commercial Aviation Services (RECAS). “The substantial reputation enjoyed by AirFlyte is consistent with our company’s mission of offering high quality services to all aviation segments in which we operate. Further, this acquisition represents a strategic link in the East Coast expansion of RECAS.”
Terms of the acquisition were for an undisclosed sum of cash. AirFlyte founder Gary Potts will remain as President of AirFlyte.
“An important factor in our decision to make this acquisition was the agreement of Gary to stay on as President of AirFlyte, thus assuring a seamless continuity of business,” said Richard A. Cawley, President and CEO of RECAS. “By joining Rectrix, AirFlyte now has access to resources that will allow it to expand the quality services for which the company is known. A number of satellite operations are already in the planning stages, and will be implemented once the appropriate authorizations are received.”
AirFlyte maintains a highly respected FAA Part 145 Certified Repair Station. AirFlyte’s capabilities include maintenance of most corporate jet aircraft within their 43,000 square foot facility at Westfield’s Barnes Regional Airport (BAF). AirFlyte can fulfill other needs such as professional photo shoots and interior restorations. AirFlyte’s premier FBO provides business suites, concierge services, crew lounge, quiet rooms, refueling services, aircraft deicing and the availability of a conference center.
“AirFlyte has been providing premier service to the executive traveler since 1988. By becoming a part of the Rectrix family of companies, we have the opportunity to grow further and do even more for our loyal clients,” said Potts. “We are extremely excited about our future with Rectrix.”
“AirFlyte’s attention to detail is impressive,” said Jon Orzolek, director of maintenance at Rectrix. “Their high standards of maintenance are respected throughout the industry, and are responsible for the reputation they enjoy today. I look forward to working with Gary and his team in the years ahead.”
The general aviation industry, which includes airports, maintenance facilities, manufacturers, suppliers and other support businesses, is a $150 billion industry in the United States – creating more than a million jobs nationwide. In Massachusetts alone, the state’s 30 general aviation airports generated more than $443 million and supported more than 4,300 jobs in 2010, according to the Massachusetts Statewide Economic Impact Study, published recently by the Massachusetts Department of Transportation Aeronautics Division.
About Rectrix Commercial Aviation Services
Rectrix Commercial Aviation Services is a holding company with four operating divisions: Rectrix Aviation; Rectrix FBO JetCenters, Rectrix Aircraft Maintenance and Rectrix Business Solutions. Information on any of the companies’ services or divisions may be obtained at email@example.com.