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Tempus Applied Solutions Closes Acquisition of Six Ex-RAF L1011 Refueling Aircraft
Tuesday 13 March 2018

13 March 2018 - US-based aviation solutions company Tempus Applied Solutions has closed the acquisition of six Lockheed L-1011s formerly owned and operated by the Royal Air Force of the United Kingdom, the company said.

Four of these aircraft are specifically configured for air-to-air refueling operations and the remaining two are configured for passenger and cargo operations only.

Although the aircraft served the RAF and NATO for 30 years until their retirement in 2014, the aircraft have many years of service life remaining.

The L-1011s have been in flyable storage in the UK since their retirement.

Tempus Applied Solutions said it plans to utilise three of the AAR configured aircraft while the additional three aircraft will be used as spare parts. 

Marketing of the aircraft for contractor owned/operated AAR operations will begin immediately with a focus on the US Navy, NATO, and other allied air forces which require hose and drogue AAR services.

The aircraft are currently registered in the United States and will be ferried from the UK to an existing TAS base of operations in the continental USA upon acceptance and the completion of required maintenance.

Assuming a successful inspection and evaluation, the aircraft will be acquired utilizing TMPS common shares. TAS expects to issue to the seller approximately 6,730,769 common shares at a value of USD 0.52 per share (USD 3.499m).

Tempus provides design, engineering, systems integration and flight operations solutions that support critical aviation mission requirements for a variety of customers including the United States Department of Defense, other US government agencies, foreign governments and select corporations and individuals in the private sector.
Date Published: 13/03/2018
Target: Six Lockheed L-1011s
Country: UK
Deal Size: 3.499m (USD)
Sector: Air Transport
Type: Corporate acquisition
Financing: Stock
Status: Closed
Vendor: UK RAF
Buyer: Tempus Applied Solutions