Central Flying Service’s 82-Year Legacy To Continue Under Tricoastal Ventures

Central Flying Service of Little Rock, Arkansas, a family-owned flight training, charter, and maintenance facility that has been in business since 1939, has been acquired by Tricoastal Ventures, a capital investment firm involved in commercial aviation.

On the deal that was completed yesterday, outgoing CEO Richard Holbert said he was pleased with the new ownership team and their experience, adding that he was “proud to know that Central is in the right hands, and that the unique and lasting brand we created will continue to serve our great people and this community for decades to come.”

Mr. Bill Raduenz a veteran of the aerospace and defense industry has been named Chairman of the Board for Central Flying Service, who stated that “Our focus right now is excellence in commercial aviation and sales, and in the future, I could see this platform getting more involved in defense work as well.”

Central Flying Service was a FAA authorized and licensed Maintenance, Repair and Overhaul (MRO) FAA Part 145 service provider, specializing in avionics repairs, installation services, and aircraft painting. It also operated a FAA Part 135 charter business and Part 141 Flight Training business using a fleet of Diamond DA20 and DA40, Cessnas 172, and Piper Seneca. Central Flying Service will maintain its headquarters at the Bill and Hillary Clinton National Airport in Little Rock, Arkansas.

Tricoastal Ventures also has ownership of American Kodiak and Volare Air and will extend the MRO capability of Central Flying Service, in addition to aircraft sales.

FMI: http://central.aero