Quasar Aerospace Industries, Inc. CEO Announces Progress Report
Dean Bradley, the CEO of Quasar Aerospace Industries, Inc., is pleased to provide an update on the progress on several subjects.
Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP)
Our meetings in Chicago went very well and resulted in the lender agreeing to a substantial reduction in the QASP equity they will receive on the closing of our transaction. We have imbedded our Sr. V.P., Mark Lunduist, in their offices to expedite the closing which we anticipate within the next ten days. The equity reduction was compensation for their delays in funding.
The proposals are all in our Tigerfish project. Our Australian partners are all coming to the US the last week of April for a series of meetings to move this project forward. We have also expanded the program to include a separate study on the King Air 200B.
Atlantic Aviation has acquired a second Piper Arrow training aircraft to accommodate the increased
