FBO Air, Inc. Announces New President & CEO and Corporate Name Change.ELMIRA, N.Y. -- FBO FBO Federal Business Opportunities FBO FedBizOpps (formerly Commerce Business Daily) FBO Fixed Base Operator FBO For the Benefit Of (finance) FBO Fixed Base Operation FBO Faith Based Organization Air, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : FBOR) announced today that, effective immediately, John Dow has been promoted to President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. from his former role as President of the FirstFlight operating divisions. The company also announced that it had changed its name to FirstFlight, Inc. "We are pleased to announce that John Dow has assumed additional responsibility as President & CEO of our company," stated William B. Wachtel, chairman of FBO Air, Inc. "John has proven himself as an outstanding aviation operations executive and we look forward to his continued contributions on that front as well as, through his new responsibilities, to the overall strategic development of the company." Mr. Dow has been the President of the FirstFlight operating divisions of the company for the past several months and was the founder and President of Airborne, Inc., an aircraft charter management concern that merged into FBO Air in September 2005. Airborne, which was founded in 1987, had operated since 1998 as FirstFlight Management. "The corporate name change to FirstFlight was a logical extension of our decision to brand all of our industry operations under that name," said Mr. Dow. "It is a name that we believe is known and trusted in the aviation marketplace. It also better represents the breadth of the company as we have evolved into a fully functional aviation service company." Former President & CEO Ron Ricciardi transitions to the position of Vice Chairman where he will assist Mr. Wachtel from a corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. standpoint The Standpoint is a newspaper published in the British Virgin Islands. It was originally published under the name Pennysaver, largely as a shopping-coupon promotional newspaper, but since emerged as one of the most influential sources of journalism in the . Mr. Ricciardi will also focus on investor relations Investor relations The process by which the corporation communicates with its investors. and other strategic and operational issues for the company. FBO Air is an aviation services company. Our operations are conducted in three core functions: aircraft charter management activities, aircraft maintenance, and the fixed based operations (an "FBO") business. Charter management is the business of providing on-call passenger air transportation. At 16 aircraft, our fleet size ranks in the top 5 largest in the Northeast and top 30 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. . An FBO is the primary provider of services such as the fueling, hangaring, maintenance and repair to private/general aviation aircraft operators. This release includes projections of future results and "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " as that term is defined in Section 27A of the Securities Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). All statements that are included in this release, other than statements of historical fact, are forward-looking statements. Although the management of FBO Air believes that the expectations reflected in these forward-looking statements are reasonable, there are no assurances that such expectations will prove to have been correct. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion