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Sunday, June 29, 2008 8:08:58 AM
IAHL & Thrust Aircraft ~ Archive Information ....
*Acquition Negotiations Cancelled ~ 6/25/08
*****************
******************
*** IAHL Corporation to Acquire Thrush Aircraft, Inc. ***
January 18, 2008 - 12:48 am est
IAHL Corporation (IAHL) now has a definitive agreement to acquire Thrush Aircraft, Inc. (http://www.thrushaircraft.com) serving over 80 countries and based in Albany, Georgia. The transaction, terms of which were not disclosed, will be completed upon receipt of various regulatory approvals (if required) and customary closing conditions. "Thrush Aircraft will broaden IAHL's capabilities in the small turboprop segment of aviation," said Peter Van Dyke, president and chief executive officer of IAHL Corporation. "Thrush Aircraft has a strong history and an outstanding customer base. IAHL seeks to expand upon Thrush's capabilities as we look forward to launching other product lines (Integrity) in the under-served rural commuter/cargo arena."
"The access to the technological resources of IAHL and Thrush will benefit all of our current and future customers,"
said Larry Bay, Chairman of the Board of Thrush Aircraft. Thrush Aircraft was established in 1965 by Rockwell International when it acquired the product line of Snow Aeronautical. The first Thrush with the first 400 gallon hopper was test flown in 1966. This launched a long and colorful history and helped lead the migration of the ag industry to larger hoppers and more powerful engines. North American Rockwell continued to produce the 400 gallon Thrush in Olney, Texas until March 1970 when it moved the total product line to Albany, Georgia. The Thrush 400 continued to be an aircraft that was very much in demand. Rockwell increased the production rate in late 1973 to one airplane per day. They maintained that rate until early 1975. The operator's desire to accomplish more work with less equipment initiated a number of innovative changes for the Thrush.
The Thrush's mission goes far beyond just crop spraying. It has also been successfully used for:
-- Sowing rice
-- Feeding shrimp
-- Top dressing for timber
-- Fire bombing
-- Special operations for drug eradicate
-- Surveillance of U.S. borders
Thrush Aircraft, Inc. is located in Albany, Georgia housed in a 227,000-sq. ft. office/manufacturing building. Rockwell International originally built the facility in 1965 and operated it until it was purchased by Ayres Corporation November 23, 1977. Thrush Aircraft acquired virtually all of the assets of the old operation on June 30, 2003 and began new, modern operations shortly thereafter.
The new facility is equipped with a full complement of machinery for aircraft manufacture, including water jet, laser cutter, CNC brake, CNC machining centers, turning centers, roll form, hydro form, punch presses, heat treat, age, chem treat processing, etc. Thrush Aircraft has a well-rounded management team with a wealth of experience in all areas of manufacturing. We operate under the FAA approved Production Certificate 5S0 and meet Mil-I-45208 inspection system requirements, Mil-Q-9858A quality system requirements and Mil-Standard-45662 calibration system requirements.
The management team along with a skilled employee base have designed, manufactured, and installed spray systems for 30 years. We have a full complement of support personnel for planning, purchasing, subcontract coordination, engineering, and product support. Over the years, the predecessor businesses have produced a number of aircraft projects at this facility, including the Myers 200, Lark Darter, CalAir A9 and A9B, Rockwell 112, and the Thrush program since March 1970. Subcontracts have been accomplished for several aerospace companies. These projects include the FedEx cargo conversion kit for the Boeing 727, Lockheed aft quarter panels for the P3 program, MD Helicopter fuselages MD500, MD520, and MD600, British Aerospace 146 cargo door details, Aeronautical Engineers cargo door tooling and details for the 727 and 737, Pats, Inc. fuel tank inspection covers for Boeing, formed parts for Aeronca and Commander, and the design, tool development, and manufacture of kits for the OV10 for Dyncorp.
The prior operations have also produced detail parts and tooling for Boeing to support the 727, 737, 747, 757, and 767 production lines. The prior operator's Repair Station/Service Center was responsible for the engineering, tooling development, parts manufacture, and installation of Stage 3 hush kits for the DC9, 727 and 737 aircraft. This program was performed for Airborne, US Air, TWA, Northwest, Southwest, Midwest, Canadian Air, Scandinavian, Value Jet/Air Tran, Federal Express, and Air France.
A training program was developed by Ayres to teach the airlines to use the tools that were manufactured and incorporate the kits into their own cowling. The program was provided to US Air, TWA, Northwest, Scandinavian, and Airborne. Thrush hopes to revise and expand on the groundwork begun by Ayres in this area.
Thrust Aircraft Links ~ #msg-26137617
Thrush Aircraft, Inc. ~ http://www.thrushaircraft.com
***********************************
*** IAHL Corporation Executes Contract to Acquire Bays - Hughes Properties, Inc. ***
January 23, 2008 - 8:59 am est
IAHL Corporation (IAHL) announced today that it has now executed the contract to acquire Bays - Hughes Properties, Inc. The Bays - Hughes Properties, Inc. include 120 acres immediately adjacent to and fronting a common border of several thousand feet with the SW Georgia Regional Airport. Access to the airport's facilities is from a private entrance from the factory's facilities to the runways. SW Georgia Regional Airport is serviced by two major runways: (1) 6,600' X 150' running NE to SW and (2) 5,201' X 150' running NW to SE. These runways enable the largest jetliners to access the area. (President Carter had the larger runway extended to service Airforce One). Also 767's arrive on a daily basis.
The factory's facilities consist of approximately 15 acres. Housed there is the main plant, offices, model shops, paint shops, engineering facilities and a complete manufacturing operation for parts and the building of aircraft from raw material to finished aircraft. To accomplish this capability, there are 227,000 square feet of buildings (5.2 acres plus) under roof, housing a modern facility equipped with a full complement of machinery for aircraft manufacture, including water jet, laser cutter, CNC brake, CNC machining centers, turning centers, roll form, hydro form, punch presses (largest press east of the Mississippi River), heat treat, age, chemical treat processing and more.
These facilities enable manufacturing of up to 6 complete Thrush aircraft per week and / or certified contract work for aircraft parts and parts for other industries. There are approximately 2,800 Thrush aircraft in service in 80 countries worldwide. Thrush Aircraft supplies these aircraft with all the parts to keep them in operation. The remaining extremely valuable property acreage will insure an inventory of adjacent land for future growth and expansion.
"The acquisition of this property will broaden IAHL's capabilities in the small turboprop segment of aviation," said Peter Van Dyke, president and chief executive officer of IAHL Corporation. "It will also allow the company to produce other types of aircraft, specifically short range 20 seat commuter/cargo aircraft, thus expanding our product line while increasing revenues," said Mr. Peter Van Dyke President & CEO of IAHL Corporation.
Dougherty County Tax Assessors .................. http://tinyurl.com/3decbu
Southwest Georgia Regional Airport ...... http://www.albany.ga.us/airport/airport.htm
*************************************
*** Thrush takes off *** ....... http://tinyurl.com/2b9nbj
........... Video .................... http://tinyurl.com/32ulkv
January 30, 2008 ~ 05:10 pm est
Albany -- Times are tough these days for businesses all over the country, but one South Georgia business is rebounding when others are struggling. Thrush aircraft of Albany has just picked up a multi-million dollar contract to build 20 cropdusters for Libya. And there's talk of the company being sold to a group of investors, which could mean a major expansion of the Albany plant. For 40 years, Thrush Aircraft has been manufacturing agricultural planes, better known as crop dusters, in Albany. And this year, employees are making as many as they possibly can. Production for 2008 is completely booked. And orders for 2009 are already coming in from all over the world. "Within the last 60 days, Thrush has delivered a new airplane to the Philippines, Honduras, Guatemala, Ecuador, Libya," said Vice President Eric Rojek. Delivering to a global marketplace, which is the main reason this well kept secret is doing so well. "Obviously the demand is there."
But with these planes going for as little as $724,000 to more than a million each, not everyone can just outright buy a Thrush. But there's a contract in place to sell the company to a group of investors who would provide the capital needed to expand production and possibly offer financing or lease options. "If it happens, it's going to be a great opportunity for the company. That would bring the capital necessary fro the funding, for the financing, to basically jump start this," said Rojek. And keep Thrush flying into the future. If the acquisition of Thrush is to take place, it will likely be complete within the next three months. Expansion of the facility and production could happen in as soon as six months. All of the 80 current employees would stay on board, and an additional positions would be added.
************************************
IAHL Corporation Announces Cancellation of the Thrush Acquisition
Date : 06/25/2008 @ 1:32 pm est
CAPE CORAL, Fla., June 25 -- IAHL Corporation (IAHL) today announced a mutual cancellation of the Thrush Aircraft acquisition. "Thrush Aircraft, Inc., has determined that it is not in our best interest to consummate the sale of its stock to IAHL. The increased demand for the Thrush Aircraft worldwide, and the production resources necessary to fill that demand, will not allow for Thrush or its facilities to be used for other product development. Thrush management and its employees wish IAHL the best in their pursuit of the development of the Integrity program," said William Larry Bays, President Thrush Aircraft, Inc. IAHL is still in the process of multiple negotiations pertaining to aviation related acquisitions/mergers both domestically and internationally in particular. The company is restricted from discussing these deals in depth by several non disclosure agreements at this time; however the company can discuss that these negotiations pertain to licensing agreements regarding certain proprietary technology and a major manufacturing facility abroad. IAHL also is currently in the processes of negotiating $60,000,000 (Sixty Million Dollars) of debt financing, from hedge funds, pension funds and private high net worth individuals. These funds will be in the form of a combination of Dollars and Euros, the company expects to have these funds available in the very near future. "The company needless to say is disappointed regarding the end result of the Thrush Aircraft acquisition, however this is just one of several acquisitions that the company has been working on and we will continue with our other projects and bring them to completion," said Mr. Peter Van Dyke, President, IAHL Corporation.
CONTACT: Peter Van Dyke of IAHL Corporation, +1-239-277-3883
*Acquition Negotiations Cancelled ~ 6/25/08
*****************
****************** 
*** IAHL Corporation to Acquire Thrush Aircraft, Inc. ***
January 18, 2008 - 12:48 am est
IAHL Corporation (IAHL) now has a definitive agreement to acquire Thrush Aircraft, Inc. (http://www.thrushaircraft.com) serving over 80 countries and based in Albany, Georgia. The transaction, terms of which were not disclosed, will be completed upon receipt of various regulatory approvals (if required) and customary closing conditions. "Thrush Aircraft will broaden IAHL's capabilities in the small turboprop segment of aviation," said Peter Van Dyke, president and chief executive officer of IAHL Corporation. "Thrush Aircraft has a strong history and an outstanding customer base. IAHL seeks to expand upon Thrush's capabilities as we look forward to launching other product lines (Integrity) in the under-served rural commuter/cargo arena."
"The access to the technological resources of IAHL and Thrush will benefit all of our current and future customers,"
said Larry Bay, Chairman of the Board of Thrush Aircraft. Thrush Aircraft was established in 1965 by Rockwell International when it acquired the product line of Snow Aeronautical. The first Thrush with the first 400 gallon hopper was test flown in 1966. This launched a long and colorful history and helped lead the migration of the ag industry to larger hoppers and more powerful engines. North American Rockwell continued to produce the 400 gallon Thrush in Olney, Texas until March 1970 when it moved the total product line to Albany, Georgia. The Thrush 400 continued to be an aircraft that was very much in demand. Rockwell increased the production rate in late 1973 to one airplane per day. They maintained that rate until early 1975. The operator's desire to accomplish more work with less equipment initiated a number of innovative changes for the Thrush.
The Thrush's mission goes far beyond just crop spraying. It has also been successfully used for:
-- Sowing rice
-- Feeding shrimp
-- Top dressing for timber
-- Fire bombing
-- Special operations for drug eradicate
-- Surveillance of U.S. borders
Thrush Aircraft, Inc. is located in Albany, Georgia housed in a 227,000-sq. ft. office/manufacturing building. Rockwell International originally built the facility in 1965 and operated it until it was purchased by Ayres Corporation November 23, 1977. Thrush Aircraft acquired virtually all of the assets of the old operation on June 30, 2003 and began new, modern operations shortly thereafter.
The new facility is equipped with a full complement of machinery for aircraft manufacture, including water jet, laser cutter, CNC brake, CNC machining centers, turning centers, roll form, hydro form, punch presses, heat treat, age, chem treat processing, etc. Thrush Aircraft has a well-rounded management team with a wealth of experience in all areas of manufacturing. We operate under the FAA approved Production Certificate 5S0 and meet Mil-I-45208 inspection system requirements, Mil-Q-9858A quality system requirements and Mil-Standard-45662 calibration system requirements.
The management team along with a skilled employee base have designed, manufactured, and installed spray systems for 30 years. We have a full complement of support personnel for planning, purchasing, subcontract coordination, engineering, and product support. Over the years, the predecessor businesses have produced a number of aircraft projects at this facility, including the Myers 200, Lark Darter, CalAir A9 and A9B, Rockwell 112, and the Thrush program since March 1970. Subcontracts have been accomplished for several aerospace companies. These projects include the FedEx cargo conversion kit for the Boeing 727, Lockheed aft quarter panels for the P3 program, MD Helicopter fuselages MD500, MD520, and MD600, British Aerospace 146 cargo door details, Aeronautical Engineers cargo door tooling and details for the 727 and 737, Pats, Inc. fuel tank inspection covers for Boeing, formed parts for Aeronca and Commander, and the design, tool development, and manufacture of kits for the OV10 for Dyncorp.
The prior operations have also produced detail parts and tooling for Boeing to support the 727, 737, 747, 757, and 767 production lines. The prior operator's Repair Station/Service Center was responsible for the engineering, tooling development, parts manufacture, and installation of Stage 3 hush kits for the DC9, 727 and 737 aircraft. This program was performed for Airborne, US Air, TWA, Northwest, Southwest, Midwest, Canadian Air, Scandinavian, Value Jet/Air Tran, Federal Express, and Air France.
A training program was developed by Ayres to teach the airlines to use the tools that were manufactured and incorporate the kits into their own cowling. The program was provided to US Air, TWA, Northwest, Scandinavian, and Airborne. Thrush hopes to revise and expand on the groundwork begun by Ayres in this area.
Thrust Aircraft Links ~ #msg-26137617
Thrush Aircraft, Inc. ~ http://www.thrushaircraft.com
*****************
****************** *** IAHL Corporation Executes Contract to Acquire Bays - Hughes Properties, Inc. ***
January 23, 2008 - 8:59 am est
IAHL Corporation (IAHL) announced today that it has now executed the contract to acquire Bays - Hughes Properties, Inc. The Bays - Hughes Properties, Inc. include 120 acres immediately adjacent to and fronting a common border of several thousand feet with the SW Georgia Regional Airport. Access to the airport's facilities is from a private entrance from the factory's facilities to the runways. SW Georgia Regional Airport is serviced by two major runways: (1) 6,600' X 150' running NE to SW and (2) 5,201' X 150' running NW to SE. These runways enable the largest jetliners to access the area. (President Carter had the larger runway extended to service Airforce One). Also 767's arrive on a daily basis.
The factory's facilities consist of approximately 15 acres. Housed there is the main plant, offices, model shops, paint shops, engineering facilities and a complete manufacturing operation for parts and the building of aircraft from raw material to finished aircraft. To accomplish this capability, there are 227,000 square feet of buildings (5.2 acres plus) under roof, housing a modern facility equipped with a full complement of machinery for aircraft manufacture, including water jet, laser cutter, CNC brake, CNC machining centers, turning centers, roll form, hydro form, punch presses (largest press east of the Mississippi River), heat treat, age, chemical treat processing and more.
These facilities enable manufacturing of up to 6 complete Thrush aircraft per week and / or certified contract work for aircraft parts and parts for other industries. There are approximately 2,800 Thrush aircraft in service in 80 countries worldwide. Thrush Aircraft supplies these aircraft with all the parts to keep them in operation. The remaining extremely valuable property acreage will insure an inventory of adjacent land for future growth and expansion.
"The acquisition of this property will broaden IAHL's capabilities in the small turboprop segment of aviation," said Peter Van Dyke, president and chief executive officer of IAHL Corporation. "It will also allow the company to produce other types of aircraft, specifically short range 20 seat commuter/cargo aircraft, thus expanding our product line while increasing revenues," said Mr. Peter Van Dyke President & CEO of IAHL Corporation.
Dougherty County Tax Assessors .................. http://tinyurl.com/3decbu
Southwest Georgia Regional Airport ...... http://www.albany.ga.us/airport/airport.htm
*******************
****************** Caribbean Weather ~ http://tinyurl.com/4m8bm
*** Thrush takes off *** ....... http://tinyurl.com/2b9nbj
........... Video .................... http://tinyurl.com/32ulkv
January 30, 2008 ~ 05:10 pm est
Albany -- Times are tough these days for businesses all over the country, but one South Georgia business is rebounding when others are struggling. Thrush aircraft of Albany has just picked up a multi-million dollar contract to build 20 cropdusters for Libya. And there's talk of the company being sold to a group of investors, which could mean a major expansion of the Albany plant. For 40 years, Thrush Aircraft has been manufacturing agricultural planes, better known as crop dusters, in Albany. And this year, employees are making as many as they possibly can. Production for 2008 is completely booked. And orders for 2009 are already coming in from all over the world. "Within the last 60 days, Thrush has delivered a new airplane to the Philippines, Honduras, Guatemala, Ecuador, Libya," said Vice President Eric Rojek. Delivering to a global marketplace, which is the main reason this well kept secret is doing so well. "Obviously the demand is there."
But with these planes going for as little as $724,000 to more than a million each, not everyone can just outright buy a Thrush. But there's a contract in place to sell the company to a group of investors who would provide the capital needed to expand production and possibly offer financing or lease options. "If it happens, it's going to be a great opportunity for the company. That would bring the capital necessary fro the funding, for the financing, to basically jump start this," said Rojek. And keep Thrush flying into the future. If the acquisition of Thrush is to take place, it will likely be complete within the next three months. Expansion of the facility and production could happen in as soon as six months. All of the 80 current employees would stay on board, and an additional positions would be added.
Integrity Fantasy Test Pilot
*****************
******************* IAHL Corporation Announces Cancellation of the Thrush Acquisition
Date : 06/25/2008 @ 1:32 pm est
CAPE CORAL, Fla., June 25 -- IAHL Corporation (IAHL) today announced a mutual cancellation of the Thrush Aircraft acquisition. "Thrush Aircraft, Inc., has determined that it is not in our best interest to consummate the sale of its stock to IAHL. The increased demand for the Thrush Aircraft worldwide, and the production resources necessary to fill that demand, will not allow for Thrush or its facilities to be used for other product development. Thrush management and its employees wish IAHL the best in their pursuit of the development of the Integrity program," said William Larry Bays, President Thrush Aircraft, Inc. IAHL is still in the process of multiple negotiations pertaining to aviation related acquisitions/mergers both domestically and internationally in particular. The company is restricted from discussing these deals in depth by several non disclosure agreements at this time; however the company can discuss that these negotiations pertain to licensing agreements regarding certain proprietary technology and a major manufacturing facility abroad. IAHL also is currently in the processes of negotiating $60,000,000 (Sixty Million Dollars) of debt financing, from hedge funds, pension funds and private high net worth individuals. These funds will be in the form of a combination of Dollars and Euros, the company expects to have these funds available in the very near future. "The company needless to say is disappointed regarding the end result of the Thrush Aircraft acquisition, however this is just one of several acquisitions that the company has been working on and we will continue with our other projects and bring them to completion," said Mr. Peter Van Dyke, President, IAHL Corporation.
CONTACT: Peter Van Dyke of IAHL Corporation, +1-239-277-3883
