Business Express Airlines taps Alex. Brown and Sons as investment banking firm.PORTSMOUTH, N.H.--(BUSINESS WIRE)--July 26, 1995-- Business Express Airlines announced today that it has retained the investment banking firm of Alex. Brown and Sons Inc. to review future strategic alternatives for the airline. Such alternatives might include an initial public offering, development of strategic alliances, and review of potential merger and acquisition opportunities. Alex. Brown and Sons Inc. is the oldest investment banking firm in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. established in 1800. James R. McManus, the airline's chairman of the board, commented on the announcement, "Alex. Brown and Sons Inc. successfully completed our debt refinancing Refinancing An extension and/or increase in amount of existing debt. in 1992 with distinction and we look forward to similar successful results in reviewing strategic alternatives for the airline which will position us well into the twenty-first century." Business Express Airlines is the largest regional airline in the northeast offering over 500 daily departures to thirty-six cities in the northeast and Canada from its three hubs at Boston's Logan International Airport For the Logan airport in Billings, Montana, see . Logan International Airport (IATA: BOS, ICAO: KBOS, FAA LID: BOS) in the East Boston neighborhood of Boston, Massachusetts, United States (and partly in the Town of Winthrop, Massachusetts), is one as well as New York's LaGuardia and John F. Kennedy "John Kennedy" and "JFK" redirect here. For other uses, see John Kennedy (disambiguation) and JFK (disambiguation). John Fitzgerald Kennedy (May 29, 1917–November 22, 1963), was the thirty-fifth President of the United States, serving from 1961 until his assassination in Airports. In Boston, the airline operates a unique dual code-sharing operation as a Delta connection partner as well as a Northwest Airlink affiliate. At New York's LaGuardia and JFK Airports, the airline operates solely as a Delta Connection partner. Business Express Airlines is one of the few regional airlines that voluntarily operates to the higher FAA Part 121 safety standards Safety standards are standards designed to ensure the safety of products, activities or processes, etc. They may be advisory or compulsory and are normally laid down by an advisory or regulatory body that may be either voluntary or statutory. as its code-sharing partners. The airline operates a fleet of sixty-seven jet-prop and pure jet aircraft including the seventy passenger Avro RJ-70 aircraft, the thirty-four passenger Saab 340, and nineteen seat Beech beech, common name for the Fagaceae, a family of trees and shrubs mainly of temperate and subtropical regions in the Northern Hemisphere. The principal genera—Castanea (chestnut and chinquapin), Fagus (beech), and Quercus 1900. The company employs approximately 1500 associates and is headquartered in Portsmouth, N.H. CONTACT: Business Express Airlines, Portsmouth Warren R. Wilkinson, 603/334-4022 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion