Dean Bradley, CEO of both Quasar Aerospace and Atlantic Aviation, states that we are pleased that our companies are in a strong enough cash position that expensive asset acquisitions like this can be made without resorting to debt financing in the tough credit markets we are all facing in these trying times.
We have been asked what Redbird simulator we purchased and installed at the Herlong Airport, it is their FMX Model. We are pleased to announce that we purchased this top of the line unit for $80,000. We are so pleased with it that we have now ordered a second identical unit.