Justice Department Requires Divestiture in Signature's Acquisition of Hawker Beechcraft's Flight...

WEBWIRE – Friday, July 04, 2008 Divestiture Will Preserve Competition for General Aviation Customers at Indianapolis International Airport WASHINGTON — The Department of Justice announced today that it has reached a settlement that will require Signature Flight Support Corporation (Signature) to divest assets used to provide flight support services at the Indianapolis International Airport in order for Signature to proceed with its acquisition of Hawker Beechcraft’s flight support services business. The Department said that the transaction, as originally proposed, would have combined the only two providers of flight support services to general aviation customers at Indianapolis International Airport and would have substantially lessened competition, resulting in higher prices and reduced service and innovation. These flight... [read full story]