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

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 08.24.15

Airborne 08.25.15

Airborne 08.26.15

Airborne 08.27.15

Airborne 08.28.15

Airborne Hi-Def On YouTube

Airborne 08.24.15

Airborne 08.25.15

Airborne 08.26.15

Airborne 08.27.15

Airborne 08.28.15

EAA/ANN AirVenture Innovation Preview

AIP-#1 Vimeo

AIP-#2 Vimeo

AIP-Part 1 YouTube

AIP-Part 2 YouTube

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

RFP: ANN Considering Future Options For HQ Relocation

A Very Bright Future For ANN, Aero-TV, and Airborne May Require Some New Digs ANN may be looking for a new home... hopefully, a permanent one. We're currently inviting proposals fo>[...]

Airborne 08.28.15: 'Big' Bezos Announcement?, MA Aero-Taxes, Harrison Ford

Also: Barnstorming: The FAA v Hoover Fight Ain’t Over, Hail-Damaged Dreamliner, UAV Shooter Charged, NASA Global Hawk, MiG-21 Lancers, ICAO Manual Blue Origin founder and Ama>[...]

Airshow Pilot Lost In In-Flight Breakup

Andrew Wright Lost As Giles G-202 Suffers Fuselage Seperation/Failure It's been a tough few weeks for the airshow industry... and now this -- a practice flight, Friday, August 28th>[...]

Aero-News: Quote Of The Day (08.30.15)

“This contract extension is significant for the TSA pilots. Our last round of negotiations that resulted in our current contract took more than five years, so we are pleased >[...]

ANN's Daily Aero-Term (08.30.15): Permanent Echo

Permanent Echo Radar signals reflected from fixed objects on the earth’s surface; e.g., buildings, towers, terrain. Permanent echoes are distinguished from “ground clut>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC