Archive for the ‘Quasar Aerospace Industries Inc. QASP’ Category

Quasar Aerospace Industries, Inc. (QASP) to Amend Series A Preferred Shares

Thursday, June 14th, 2012

Earlier today, Quasar Aerospace Industries announced that in a meeting of the majority of Series A Preferred shareholders, a motion to amend the certificate of designation was approved. As a result, the Series A Preferred shares will be amended so that a majority of the Series A Preferred shareholders will represent a voting majority, but the economic value of each share will convert at one hundred dollars per share ($100.00) and accrue an interest rate of twelve percent (12%) starting on July 1, 2012, until converted.

The prior conversion feature has been a source of concern for current and potential investors, as well as an open deficiency in the company’s capital structure. Prior to this action the common shareholders represented only one-seventh of the company after the full conversion of the Series A Preferred shares.

According to today’s release, the company will consider further reducing its authorized shares in the near future. As of today there are no changes in the common share structure. Quasar told the investment community that the company will continue to update shareholders as events unfold.

Quasar and its subsidiaries are involved in aviation and aviation related businesses. The company is the only certified Cessna Pilot Center (http://www.cessna.com/learn-to-fly.html) in Jacksonville, FL. Through its subsidiaries, Quasar is also an FAA Part 141 flight school (www.faa.gov). The company offers flight training and accepts VA benefits under the GI bill (http://www.gibill.va.gov/). Flight students also benefit from its onsite RedBird Full Motion Flight Simulator FMX1000 (http://www.redbirdflightsimulations.com).

For more information, see the company Web site at www.QuasarAero.com

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Quasar Aerospace Industries, Inc. (QASP) Positions Itself for Anticipated Explosion in Pilot Demand

Wednesday, June 6th, 2012

The rapid increase in global industrialization and associated travel is expected to generate a need for hundreds of thousands of pilots around the world, largely for China and Asia-Pacific nations, putting a strain on the limited supply of qualified training operations. The U.S. has become a center for advanced flight and technical training, and Quasar is positioning itself to become a training leader through an aggressive marketing and acquisition program, with the possibility of providing additional services. Below are some of the specific steps to this end that Quasar has been taking or is planning, and their expected benefits:

Acquisition of the FAA Part 141 Flight School will allow Quasar to meet the growing demand for trained commercial pilots, and allow the company to do the following:

• Capture revenue from third parties, including Veterans Administration and sponsored student loans from various governments;
• Recruit flight students from around the world;
• Have training of foreign students be sponsored and paid for by a foreign government, with the potential to train approximately 30 new students each month at a fee of $55,000 each;
• Receive additional revenue by administering the aeronautical knowledge test, since the FAA testing center is licensed through the Computer Assisted Testing Service (CATS)

Further developments for Quasar are rapidly opening additional market opportunities:

• Corporate Air Repair is beginning to start classes on aircraft systems and preventative maintenance.
• After being a holding queue for nearly two years, it will be approximately one year and AAI (Atlantic Aviation) will have the FAA begin the inspection phase for the Air Agency Certificate.
• There are new aviation opportunities that have presented themselves to the company, one of which involves wholesale aircraft parts.
• There is the potential of an airport being leased from a county in Florida, which could function as an academy for the company’s international students, opening the doors for immediate expansion.
• The company could even potentially become a F.B.O. operator, rent hangars and tie-downs, sell fuel, operate a gun range, and build a moto-sports complex that would include activities from flying to off road vehicles, fishing, and camping.

For more information, see the company website at www.QuasarAero.com

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Quasar Aerospace Industries, Inc. (QASP) to Meet Growing Need for Pilots

Friday, June 1st, 2012

With all of the talk about globalization, and the rapid integration of developing countries into the worldwide marketplace, one of the key factors that is too often overlooked is the massive potential shortage of pilots that is evolving. With heightened worldwide communication and industrialization comes increased travel. Countries around the world will be growing their commercial fleets to serve a flood of business and recreational travelers. Much of the growth is, understandably, expected to come from Asia, but the pressure for more pilots will be felt everywhere.

The estimates are staggering, with a demand for perhaps a half million new commercial airline pilots over the next 25 years, and an even larger number of associated technicians and support staff, not to mention the growing needs in the field of general aviation. The largest part of that demand is expected to serve the Asia-Pacific region, with North America and Europe next in line. But South America, the Middle East, and Africa will also need thousands of commercial pilots.

Quasar Aerospace Industries is totally focused on gearing up to meet the need. The Florida-based holding company is acquiring carefully targeted subsidiaries to provide advanced pilot training. They target companies with a proven track record and consolidated cash flow. The goal is not to take over the operation of these companies, but rather to have them retain their operational independence, giving them a supportive network to help them grow.

The company has already landed two important flight training operations, and an aircraft and heavy equipment repair service, but considers this only the beginning. One of its acquisitions, Atlantic Aviation in Florida, has plans to develop and operate flight schools nationwide for training professional pilots. Another subsidiary, A-Cent Aviation, based in Colorado, has what is considered one of the most advanced flight training facilities around.

For more information, see the company website at www.QuasarAero.com

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Quasar Aerospace Industries, Inc. (QASP) Brings Together the Best

Friday, May 25th, 2012

Quasar Aerospace is a Florida-based holding company comprised of strategic subsidiaries in the aerospace industry, with a current focus on aircraft pilot training and aircraft services. Their goal has been to pursue a synergistic business strategy that combines carefully chosen aviation/aerospace business into an integrated and self-supporting network, which 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 individually.

Quasar targets companies with a proven track record and significant consolidated cash flow. The company does not intend to take over the operation of these already successful companies, but rather to have them retain their operational independence and unique corporate cultures. Quasar will simply provide them a supportive network from which they will all gain, through things like scalable economies and cooperative agreements.

To date, Quasar has brought together the following:

Atlantic Aviation operates a flight school at Herlong Airport in Jacksonville, Florida, and plans to develop and operate flight schools nationwide to train aviation professionals around the country.

A-Cent Aviation is the #1 flight training facility in Colorado Springs, with a safety record showing no accidents or incidents since opening in 2001.

A-Cent Aviation, as an example, has what some consider to be the best general aviation flight simulator of its kind in its home state of Colorado, a fully enclosed aircraft cockpit simulator with a 120-degree ultra-high resolution visual presentation. The company’s FAA testing center is strategically located in areas where demand is high and supply is low.

As aviation expands in developing countries, the anticipated worldwide pilot shortage is increasing the need for qualified flight training facilities, and Quasar is aggressively positioning itself to take advantage of that demand.

For more information, see the company website at www.QuasarAero.com

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Quasar Aerospace Industries, Inc. (QASP) Announces Major Reduction in Authorized Shares

Monday, May 14th, 2012

Quasar Aerospace Industries just announced that after a meeting of the majority of shareholders and the Board of Directors, the company has reduced the total number of shares authorized to four hundred and seventy-five million (475,000,000).

According to the press release issued this morning, Quasar Aerospace felt that the share reduction was prudent at this time. The company stated that it will continue to look to align its share structure and capitalization more appropriately; including the conversion terms of the preferred shares.

Quasar Aerospace also reminded the investment company of its announced conference call scheduled for Wednesday May 16, 2012, at 2:30 p.m. EDT. Those interested in participating should dial +1 (712) 432-0900, then enter the participant access code, 497592#, when prompted. Participants are encouraged to access the call at least five minutes before it is to begin. A playback of the call will be available later at +1 (712) 432-0990.

To learn more about the company, visit www.quasaraero.com

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Quasar Aerospace Industries, Inc. (QASP) is “One to Watch”

Friday, May 11th, 2012

Quasar Aerospace Industries is an integrated aviation/aerospace corporation focused on executing an innovative and highly synergistic business strategy to develop competitive aircraft and train aircraft pilots. By combining several businesses in the aviation/aerospace industry with an integrated and self-supporting network, the company will be able to operate in a more complex environment and achieve greater success.

Rather than forcing acquired business to conform to a master corporate plan, Quasar allows these entities to retain their operational independence and unique corporate cultures. In doing so, the resources, talents, insight, experience, and market potential of each will be supported and enhanced in a cooperative process, leading to increased productivity, efficiency, and scalable economies for increased profitability and market relevance.

Quasar’s strategic vision is centered on two core principles: (1) a phased approach to the development of individual acquisitions and opportunities to insure early profitability and minimize financial risk through time, and (2) the development of an integrated network of companies whose synergies will enhance profitability throughout the company. Quasar targets companies with a proven track record and significant consolidated cash flow to expand its business with the support of positive consolidated cash flow from day one.

Quasar currently owns Atlantic Aviation, Inc., a wholly owned subsidiary that provides high-quality flight training programs; Quasar Aircraft Corporation, a wholly owned Nevada corporation; and A-Cent Aviation, a wholly owned subsidiary recognized as a leader in pilot training, aircraft sales, and aircraft management in the Colorado Springs area.

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