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Chapter Three

February 05, 2008

FT. WORTH — In 1997, Steve Townes, CEO of investment firm Ranger Aerospace LLC, bought Aircraft Services Group International, built it up, and in turn sold it to BBA Group, parent of Signature Flight Support. That was followed by a similar takeover of Keystone Helicopter Corporation, based in West Chester, PA, which was subsequently sold to Sikorsky. Townes’ lastest venture is centered around the acquisition of Texas Aviation Services (TAS), based here at Meacham Field.

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