Altair International Corp. Completes Acquisition of Premier Air Charter, Inc.
Rhea-AI Summary
Altair International Corp. (OTCQB:ATAO) has completed its merger with Premier Air Charter, Inc., making the latter a wholly-owned subsidiary. Premier Air Charter, based in Carlsbad, California, specializes in luxury private jet services, offering charter flights, aircraft maintenance, management, and sales services with a diverse fleet ranging from light to heavy jets.
As part of the merger, significant leadership changes have occurred: Ross Gourdie has been appointed as President and Board Member, while Sandra J. DiCicco has taken the position of CEO and Chairman of the Board. Amy Scannell joined Vincent Monteparte as Board Members, replacing Leonard Lovallo, who stepped down as CEO and Board Member. The company plans to undergo a name and symbol change to better align with its future vision.
Positive
- Acquisition expands ATAO into luxury private jet services market
- Diverse fleet portfolio from light to heavy jets
- Complete vertical integration with maintenance, management, and sales services
Negative
- Significant management restructuring may lead to transitional challenges
- Operating in highly competitive luxury aviation market
News Market Reaction
On the day this news was published, ATAO declined 26.62%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
PITTSBURGH, PA / ACCESS Newswire / March 13, 2025 / Altair International Corp. (OTCQB:ATAO) announces today the completion of the merger with Premier Air Charter, Inc. ("Premier Air Charter") resulting in Premier Air Charter becoming a wholly owned subsidiary of the Company.
Premier Air Charter, headquartered in Carlsbad, California, is a premier provider of luxury private jet services, renowned for delivering exceptional private jet charter flights, expert aircraft maintenance, management, and seamless sales and acquisitions. Boasting a diverse, in-house fleet that spans from light jets to spacious heavy jets, Premier Air Charter is uniquely equipped to meet the varied and discerning needs of its clientele.
"I am honored to lead our unified company alongside a team of extraordinary, world-class professionals," said Ross Gourdie, President of Premier Air Charter. "As we prepare to file for a name and symbol change to more accurately reflect our vision, we are excited to unveil our ambitious growth plans in the near future. Premier Air Charter is uniquely positioned to drive accelerated growth, redefine excellence in customer service, and solidify our standing as the premier jet charter provider in the U.S. market."
As part of the merger, Ross Gourdie joined as President and Board Member and is joined by Sandra J. DiCicco as CEO and Chairman of the Board. Amy Scannell joined Vincent Monteparte as Board Members, replacing Leonard Lovallo, who resigned as CEO and Board Member.
About Altair
Altair International Corp. (OTCQB:ATAO) is a diversified holding company.
About Premier Air Charter, Inc.
Premier Air Charter's dedication to excellence extends beyond its aircraft, encompassing personalized service, attention to detail, and uncompromising safety standards. Premier Air Charter is leading the way in luxury aviation. Our vast fleet of aircraft includes everything from light jets and turbojets to mid-large Jets. Drawing on decades of experience, our aviation experts oversee every aspect of the jet charter business, including private charters, aircraft management and sales. Visit www.premieraircharter.com.
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Security and Exchange Commission.
Company Contact:
For further information, please visit the company's website at: www.premieraircharter.com or contact investors@premieraircharter.com
IR Contact:
SmallCapVoice.com, Inc.
Stuart Smith
ssmith@smallcapvoice.com
512-267-2430
SOURCE: Altair International Corp.
View the original press release on ACCESS Newswire
FAQ
What are the main services offered by Premier Air Charter after the ATAO merger?
Who are the new key executives appointed in the ATAO-Premier Air Charter merger?
Where is Premier Air Charter's headquarters following the ATAO acquisition?
What immediate changes are planned for ATAO following the Premier Air Charter merger?
