Friday, 3 December 2010

Former Airline Analyst Joins AeroMechanical Board

AeroMechanical Services Ltd. (TSX:V-AMA)
Basic Shares: 103.6 million
Fully Diluted: 115.4 million

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Jacques Kavafian, the man who used to analyze the aviation industry with Research Capital before quitting to start his own charter airline, is now sitting on AeroMechanical's board.
Mr. Kavafian covered the industry for nearly 30 years. He was the first analyst to write on AMA. He watched AeroMechanical's share price surge from pennies to over $1 and back to under $0.30.

But he has always believed AeroMechanical was a company of great promise and now instead of looking from the outside in, he'll have the opposite view.

To view the full news release, please click here.

Mr. Kavafian has a host of contacts around the world and he has an obvious talent to bring opposing forces together. In setting up his own airline, he brought two warring rivals from Air Canada and WestJet to the peace table and won them over to serve as senior executives in his start up.

He will bring an interesting perspective to the AMA board.