FBO Air Hires COO.SCOTTSDALE, Ariz. -- 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 Robert J. Ettinger has been named Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Mr. Ettinger will also be nominated as Vice Chairman of the Board of Directors and will be president of the company's executive jet management division. Mr. Ettinger is a senior aviation executive who has a long history in managing aviation companies and corporate flight departments. Most recently, Mr. Ettinger was President of New World Aviation, a company in which Mr. Ettinger was the founding President and which he built to over $40 million in annual sales. Prior to New World, Mr. Ettinger held senior management positions with a number of aviation firms: PAB PAB In currencies, this is the abbreviation for the Panamanian Balboa. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. Aviation, Inc. as VP/Director of Sales; TPI (Tracks Per Inch) The measurement of the density of the storage channels on a disk or tape. Track density on magnetic disks has reached 125,000 tpi (125 Ktpi). See bpi, areal density and magnetic disk. International Airways as Executive VP; Island Helicopter Corp. as General Manager; Skystar International as VP/Sales & Marketing; and National Airlines as General Manager - Aircraft Scheduling/Fleet Planning and later as Director of Government Contracts. Mr. Ettinger holds Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degrees in Aeronautical Science and Aviation Management, with Dean's List honors, from Embry-Riddle Aeronautical University Embry-Riddle Aeronautical University (ERAU) is a not-for-profit, non-sectarian, coeducational private university with a history dating back to the early days of aviation. . "Bob Ettinger brings a tremendous amount of experience to the company," said Ron Ricciardi, president & 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. of FBO Air, Inc. "The addition of an executive with Bob's qualifications and character speaks strongly to the quality of organization that FBO Air is building. Bob's leadership in the development of high-growth companies will be put to great use in fulfilling FBO Air's goal of being a first-class operator of FBO's and, through the executive jet management division that Bob will lead, extending the Company into the business of managing third party-owned jet aircraft available for charter." According to Mr. Ettinger, "It's a great opportunity to join FBO Air at a stage in its development where my experience in all phases of aviation -- management, charter, repair, and refurbishment, in addition to traditional fixed base operations, can significantly impact the future success of the company. I am excited to be a part of this new aviation company and look forward to contributing to its ultimate achievements." FBO Air, Inc. (OTCBB:FBOR) seeks to acquire and operate fixed base operations (FBO's). Fixed base operations are the primary providers of services to private and general aviation aircraft operators. An FBO, at a minimum, fuels and hangars aircraft and may additionally service, recondition re·con·di·tion tr.v. re·con·di·tioned, re·con·di·tion·ing, re·con·di·tions To restore to good condition, especially by repairing, renovating, or rebuilding. , and otherwise maintain aircraft. Some FBO's also manage aircraft, operate flight schools and/or sell charter time. Each of the transactions in FBO Air's pipeline has functionality in some or most of these areas. This release includes projections of future results and "forward-looking statements" 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 assurance that such expectations will prove to have been correct. |
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