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Aircraft Maintenance Operation Scouts for Buyer

GEORGETOWN, TX-Fairchild Corp. is shuttering a Georgetown aircraft repair and maintenance operation. The Virginia-based owner is hawking Banner Aerospace real estate and the business. Blame it on the economy, says the broker.

By Tim Green | Updated on August 29, 2001

GEORGETOWN, TX-An aircraft repair and maintenance operation at Georgetown Airport, has closed and its owner is looking for a buyer.

Jerry Heare, industrial real estate and site location specialist with NAI/Commercial Industrial Properties Co., is hawking the space for Banner Aerospace, a vision of Fairchild Corp., based in Dulles, VA.

The closure came due to the general economic downturn and as Fairchild cut expenses, Heare tells GlobeSt.com. “They are a diversified company as well so they had some overhead that they had to carry that would not have to be carried by a private owner,” he says.

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