Atlantic Aviation signs letter of intent with Indian group to train flight students

Jacksonville, FL: The corporate president, Dean Bradley, is pleased to begin introducing Quasar Aerospace Industries, Inc., formerly Equus Resources, Inc., to the public.
QAI is the holding company for a group of aviation related entities that by joining together help makes each of them more efficient and profitable. One of its wholly owned subsidiaries is Atlantic Aviation, Inc.
Atlantic Aviation, Inc. operates a flight school at Herlong Airport in Jacksonville, FL. It is presently negotiating with the Jacksonville Aviation Authority for a long-term lease to build a state of the art flight training facility. The facility will have a 14,000 sq. ft. maintenance hangar that will hold six aircraft, a 6,750 sq. ft. administration, training building, and ramp parking for 25 aircraft when completed.
AAI was formed to respond to a critical shortage of flight school capacity in Florida with a particular demand for training international students. Once the initial school is operational, the goal is to market this “School Concept” as a turn-key franchise opportunity to aviation professionals around the country.
Atlantic has signed a letter of intent with a group from India to train foreign flight students, and has submitted an application to the U. S. Secretary of State for approval for this operation. When the program begins, we will start adding ten students per month until we are fully operational with 60 students in training at all times at varying stages of training and a full capacity of 80 students. The program runs for approximately six months, and each student pays $66,000 for the full program. At full capacity this one school could generate approximately ten million dollars in revenue with margins ranging from 38-45%. The flight training program currently has eight students enrolled.
27/03/09 Comtex/Fox Business, USA