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Quasar Aerospace Industries, Inc. (QASP) Is “One To Watch”

Mar. 05, 2012 10:52 AM ETQASP
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Quasar Aerospace Industries is an integrated aviation/aerospace corporation. They are pursuing an innovative and highly synergistic business strategy to develop competitive aircraft and train aircraft pilots. In addition, the company imports and sells aircrafts and aircraft components. Quasar Aerospace has their corporate headquarters in Jacksonville, Florida.

The company is working to execute their strategy via a process by which several businesses in the aviation/aerospace industry will be combined into an integrated and self-supporting network. This network will have the ability to operate in a more complex strategic environment and to achieve greater success than would have been possible if they were operating purely alone. The objective will be for these entities to retain their operational independence and unique corporate cultures.

Quasar Aerospace Industries owns a number of subsidiaries. These are Atlantic Aviation, Inc., a Florida corporation (wholly owned); Quasar Aircraft Corp., a Nevada corporation (wholly owned); Corporate Air Repair, LLC, a Florida limited liability company (Quasar Aircraft owns one-third); and Atlantic Aviation, Inc., a wholly owned subsidiary in the process of acquiring a FAA Part 141 Flight School.

Atlantic Aviation operates a flight school at Herlong Airport in Jacksonville, Florida. They plan to develop and operate flight schools across the country and train aviation professionals nationwide. The flight school program runs for approximately six months and each student pays $66,000 for the full program. Once the initial school is operational, the goal is to market this "School Concept" as a turnkey franchise opportunity to aviation professionals across the country.

Quasar Aircraft will develop new products and oversee the development of future programs. Quasar is developing a four place trainer aircraft. In addition, they will be the developer of the Quasar I. This signature aircraft will be a twin engine, six place very light jet. In 2010, Quasar Aircraft acquired one-third ownership of Corporate Air Repair, LLC.

Corporate Air Repair (CAR) operates an aircraft maintenance facility located at Herlong Airport. CAR is the only maintenance facility located at the airport. They specialize in Cessna and Piper aircraft. CAR is especially skilled in aircraft engine rebuilds. CAR is expanding their operation to include aircraft sales.

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