Mercury Air Group, Inc. (MAG) served up a double dose of bad news last week - a loss of more than $2 million for the third quarter of its fiscal year and the imminent departure of two of its largest customers. The company, headquartered in Los Angeles, Calif., said it was taking a $3.14 million writedown of good will in its Maytag Aircraft Corp. "due to notification by the U.S. Air Force Air Mobility Command that the company's bid to continue as the contractor for an existing and ...
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