Air Taxi Upstart Postpones Public Stock Offering | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 10.29.14 ** HD iPad-Friendly -- Airborne 10.29.14 **
** Airborne 10.27.14 ** HD iPad-Friendly -- Airborne 10.27.14 **
** Airborne/NBAA2014 10.24.14 ** HD iPad-Friendly -- Airborne/NBAA2014 10.24.14 **

Tue, Mar 18, 2008

Air Taxi Upstart Postpones Public Stock Offering

IPO Is A No-Go For POGO

Blame it on the market. Given Monday's announcement of a bargain-basement bailout of investment firm Bear Stearns by JPMorgan Chase, and continued unrest within the world's financial markets stemming from fiscal crises in the United States... now's probably not the best time for air taxi provider POGO Jet to try to seek public investment capital.

"POGO Jet, Inc. announced today that it has postponed the initial public offering of common shares of the company due to current market conditions," said the company in a release to ANN Monday.

POGO is in the development stages towards launching service as a private jet operator. The company hopes to launch air taxi and charter service in the second quarter of 2009, utilizing a fleet of Eclipse 500 VLJs.

Led by former AMR Corp. Chairman and CEO Robert Crandall, POGO recently added two industry heavyweights to its board of directors: former Federal Express president Theodore L. Weise, and Carol B. Hallett, former head of the Air Transport Association.

"Ted and Carol are respected leaders and international authorities on matters of air transport, logistics, trade and security," Crandall said upon their appointments in February. "They are ideal additions to our board, and their industry knowledge and business insight will be invaluable as we accelerate toward the launch of air service in 2009."

FMI: www.flypogo.com

Advertisement

More News

Airborne 10.29.14: Antares Launch Failure, GAMA Responds, Another 'Roadable'???

Also: Dragon Returns, Quadcopter Flown At Airliner?, Classic Aero-TV: Redhawk, Diesel Flt School Airplanes, WWII Bomber Found The unmanned Antares rocket built by Orbital Science C>[...]

Antares ISS Resupply Mission Suffers Launch Failure

Vehicle Suffers Failure Just Seconds Into Launch Sequence Analysis By ANN Space Correspondent, Wes Oleszewski At approximately 18:22:38.651 Eastern time, the two AJ-26 first stage >[...]

Airborne 10.27.14: New Freefall Altitude Record, NBAA14 Wrap-Up, Falcon AOG

Also: New ALPA Officers, Hurricane Hunters, Aventura AVW, New Runway at Copiah County, LTC Tom Dougherty Flies West Only 2 years ago, Felix Baumgartner set a record for the highest>[...]

Airborne 10.29.14: Antares Launch Failure, GAMA Responds, Another 'Roadable'???

Also: Dragon Returns, Quadcopter Flown At Airliner?, Classic Aero-TV: Redhawk, Diesel Flt School Airplanes, WWII Bomber Found The unmanned Antares rocket built by Orbital Science C>[...]

U.K. Ministry Of Defense Makes $2.42 Billion Air Traffic Management Deal

Contract Awarded To Joint Venture Between Thales And NATS AQUILA, a joint venture between Thales and NATS, has been awarded the £1.5 billion (approx. $2.42 billion) contract,>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC