Thursday, June 03, 2010
Aircraft Leasing Company Expanding in N.M.
ROSWELL A Florida-based aircraft leasing company plans to expand its Roswell operation.
Gov. Bill Richardson was in the southeastern New Mexico city Wednesday to announce AerSale has acquired a division of Great Southwest Aviation and plans to pick up more assets over the next five years.
The company expects to add up to 200 employees.
AerSale bought Great Southwest's GSA Aircraft Services Division, which does aircraft storage and maintenance.
Officials say the new company initially will tear down and sell parts from old DC-8s, and also will lease planes or engines.
Company chief executive officer Nicolas Finazzo says there's tremendous growth opportunity in Roswell.
Economic Development Secretary Fred Mondragon says New Mexico lured AerSale to the area with tax incentives and offered up to $186,000 for employee training.
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