TMPS continues to work toward completing the acquisition of six ex-RAF L-1011s. During the closing process, liens associated with the previous owner were discovered during a title search with the International Registry of Aircraft which is based in Ireland. Although the liens had been previously released by the US FAA, the release in Ireland required a court action which was successfully completed on 11 January 2018. The party who placed the liens originally, then filed a complaint in Florida courts seeking to halt the transaction. TMPS is currently working with the Seller under a joint defense agreement to seek a dismissal of the complaint as quickly as possible. Once dismissed, TMPS will have the opportunity to complete the transaction. In light of the uncertainties involved in litigation, however, we cannot provide assurances as to when or if the complaint will be dismissed, and thus the precise timing of the acquisition cannot be guaranteed.
Tempus Applied Solutions is a comprehensive aviation services provider with operation centers across the globe. Our team of dedicated aviation professionals provide unmatched capabilities for the most challenging demands in the aviation industry. From flight operations to system integrations to design and engineering, Tempus Applied Solutions is the global leader in elevating client experiences.
Tempus Applied Solutions Holdings, Inc.
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