AirNet Systems announced it was unable to reach a merger agreement with the private investment firm with which it had signed a letter of intent on Oct. 26. The aviation services company, which operates 113 cargo and 14 passenger aircraft, said it will continue as an independent company and will consider offers from "a qualified potential acquirer."

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.