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 Unlimited -- Recent Daily Episodes

Episode Date

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 06.22.17

Airborne 06.26.17

Airborne 06.27.17

Airborne 06.28.17

Airborne 06.22.17

Airborne 06.23.17

Airborne-Unmanned 06.27.17

Airborne-YouTube

AMA 06.22.17

Airborne 06.26.17

Airborne 06.27.17

Airborne 06.28.17

Airborne 06.22.17

Airborne 06.23.17

Airborne-Unmanned 06.27.17

XPONENTIAL Innovation Preview -- www.allthingsunmanned.com

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 06.26.17: Senate FAA Bill, Thunderbird Accident, Gliderport Woes

Also: Kelch Aviation Museum, F-35, Drone I.D., Iranian Drone, Living History, Astronaut Departure, Boeing MAX Following the release of the language put forth by the US House; Senat>[...]

Employee Unions Split On House FAA Reauthorization Bill

NATCA Supports Measure, While PASS Would Take A Pass The union representing the nation's Air Traffic Controllers has come out in support of the House version of the FAA Reauthoriza>[...]

Airborne 06.26.17: Senate FAA Bill, Thunderbird Accident, Gliderport Woes

Also: Kelch Aviation Museum, F-35, Drone I.D., Iranian Drone, Living History, Astronaut Departure, Boeing MAX Following the release of the language put forth by the US House; Senat>[...]

Airborne 06.23.17: Airbus 'Racer', RANS 'Fly To Work', Boater v Floatplane

Also: House ATC Bill, Golda Cox, Boeing Forecast, Concorde Battery, C-130J-SOF, SpiceJet, Flt School Closure Airbus Helicopters has unveiled their ‘Racer’ -- which stan>[...]

AD: Bell Helicopter Textron Canada Limited Helicopters

AD NUMBER: 2017-13-03 PRODUCT: Bell Helicopter Textron Canada Limited (Bell) Model 429 helicopters.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC