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Completes Recapitalization of Uniflight, Acquires Aviation Services Unlimited

air traffic, FAA's procedures for transfer of communications among air traffic facilities near the Hudson River, and FAA regulations that did not provide for adequate vertical separation of aircraft operating over the Hudson River.

On August 8, 2009, a Piper

PA-32R-300 airplane, N71MC, and a Eurocopter AS350BA helicopter, N401LH, operated by Liberty Helicopters, collided over the Hudson River near Hoboken, New Jersey. The air- plane flight was operating under the provisions of 14 Code of Federal Regulations (CFR) Part 91, with a pilot and two passen- gers. The helicopter flight, which carried a pilot and five passengers, was conducting an air tour of the area under the provisions of 14 CFR Parts 135 and 136. No flight plans were filed or were required for either flight, and visual meteorological conditions prevailed at the time

of the accident. "This collision could have

been prevented," NTSB Chairman Deborah A.P. Hersman said. "While traffic alerts go a long way in helping pilots "see and avoid" other air- craft, these technologies are not, in and of themselves, enough to keep us safe. Strong operating procedures, profes- sionalism, and commitment to the task at hand – these are all essential to safety." As a result of the accident investigation, the NTSB made recommendations to the FAA regarding changes within the special flight rules area (SFRA) surrounding the Hudson River corridor; vertical separation among aircraft operating in the Hudson River SFRA; see-and- avoid guidance; and helicopter electronic traffic advisory sys- tems. ◆

The rotorcraft-focused pri- vate equity investor Hawke Capital Partners announced today that it successfully recapi- talized the balance sheet of its wholly-owned operating sub- sidiary Uniflight, LLC, while simultaneously completing the acquisition of the assets of Aviation Services Unlimited, based at Griffiss International Airport in Rome, New York. As a result, Uniflight’s mainte- nance, repair and overhaul capa- bilities have expanded to three convenient locations for fleet operator customers: Grand Prairie, Texas; Reading, Pennsylvania; and Rome, New York. In addition, Aviation Services Unlimited, LLC will operate as a sister-company to Uniflight offering Part 135 and Part 133 flight services, primarily targeting customers in the utility and power industry, law enforce- ment, and other government service sectors. Terms of the transactions were not disclosed. Joe Hawke, Uniflight’s Chairman, President and CEO, said, “We are extremely pleased to have completed this recapital-

ization and to add Aviation Services Unlimited to the Hawke Capital family of companies. Paul Rayhill’s leadership at ASU has resulted in a customer ori- ented environment that has already begun to blend very well with the Uniflight leadership team. In addition, we are very appreciative of the support from our investors and Comerica Bank, which is providing the working capital for future growth across all lines of business.” Paul Rayhill, President of ASU, added, “I am truly excited to partner with Hawke Capital in the continuing growth of ASU’s business and the ongoing expan- sion of Uniflight’s MRO foot- print. We will continue to serve our customers with the same high degree of service and pro- fessionalism that we have always delivered. Hawke Capital brings resources that will enhance the breadth of services that we can offer to both our flight services and MRO customers.” Hawke Capital Partners is led by an Advisory Board chaired by Joe Hawke. Board members include Greg A’slinger and Paul Rayhill. HCP continues to seek complementary acquisitions that will expand both the MRO and flight service lines of its operat- ing subsidiaries. ◆



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