Flight Co. Must Divest To Avoid Fuel Monopoly: DOJ

Law360, New York (July 7, 2008, 12:00 AM EDT) -- Signature Flight Corporation will acquire Hawker Beechcraft's flight-support service business – but not without divesting some of its flight-support assets at Indianapolis Airport, according to a proposed settlement with the U.S. Department of Justice.

The $128.5 million acquisition deal between the two companies was signed on Feb. 21. But on July 3, the DOJ filed a lawsuit blocking the transaction, saying it would lessen competition, in violation of Section 7 of the Clayton Act.

Flight-support providers are also known as fixed-base operations and provide fuel and...
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