Phoenix Associates Land Syndicate (fka PBLSQ)

[dlaserman]

I found this while surfing tonight - not sure if anyone posted this "history" prior, it's from 2004 regarding Best Jets. It lets us know what should be the state of the operation in Grayson airport now, as it predicts out into 2006 (54 employees) and 2009 (potentially 300). Also I found another article that referenced a 1.5 million investment Humiston made when he came to grayson with his wife even further back, when starting business there. The news below is prior to PBLS' involvement. The fact that two cities ponied up money to assist Best Jets in their venture is also telling I think, in terms of how credible the company must have been even then, let alone now.

City incentives back Grayson engine shop
Dallas Business Journal - February 20, 2004
by Margaret Allen
 Senior Writer
A newcomer to Grayson County Airport called Best Jets Ltd. is opening the nation's first-of-its-kind aircraft-engine shop for a newly modified General Electric motor.
Within 24 months, the shop will employ 54 skilled and licensed airframe and powerplant mechanics. Within five years, the number of employees could reach 300.
To do the deal with Best Jets, the economic development corporations of Grayson County's two main cities -- Sherman and Denison -- joined forces for the first time to give $255,200 to the new business.
Best Jets was formed by the owners of privately held, Best AeroNet Ltd., a well-established fixed-base operator and jet management, sales and charter firm.

Full article here:

http://www.bizjournals.com/dallas/stories/2004/02/23/story5.html