Fairchild Aerospace has sold its Merlin Express subsidiary to Corporate Air of Billings, Mont., and also is looking to divest Gen-Aero and AVSAT -- its two FBOs in San Antonio. Included in the acquisition are 12 Fairchild Metro IIIs and six new Metro 23s, while Corporate retains options on four additional Metro 23s. Some details have yet to be finalized, but the deal is expected to close this month. ``We're working a deal for the leases of current aircraft, and the ...
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