US Global pulls plug on Songbird deal
MidHudsonNews [dot] com is reporting plans by US Global Airways to offer international service from Stewart International Airport are on hold after the fledgling airline failed to follow through on a deal to buy Songbird Airways for $6.5 million. The deadline to close on the deal was October 31, 2017. Songbird is operated by AerLine Holdings Inc. and possesses an FAA operating certificate and one jet aircraft. Had the deal gone through, the process to launch US Global service from Newburgh would have been expedited. US Global Chairman Anthony Koulouris told shareholders in a November 30 letter the board of directors voted unanimously “to move forward with our revised approach,” but declined to provide details, citing confidentiality concerns. US Global planned to start flights to the Caribbean from Stewart this winter and in the future launch flights to Europe, Russia and the Middle East. Read the full story at MidHudsonNews [dot] com.