This sucks for the families who will be impacted negatively by this sale in North Carolina. Hopefully they can get something else going. –Matt
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Planned sale of Xe company likely to mean loss of jobs in N.C.
By Jeff Hampton
April 4, 2010
Currituck and Camden counties, already struggling with high unemployment, could lose 240 more jobs after the sale of an aviation company operated by a private military company.
AAR Corp. announced last week plans to buy Aviation Worldwide Services for $200 million from Xe Services LLC, the company formerly known as Blackwater Worldwide.
AWS operates a fleet of 58 customized aircraft, including fixed-wing airplanes and helicopters. Of the 540 employees working for AWS, 240 are based at the Moyock complex known as the U.S. Training Center, AAR spokesman Chris Mason said.
Eventually, employees and aircraft based in Moyock would be relocated, Mason said. According to tax records, Presidential Airways, a subsidiary of AWS, keeps just one aircraft at the training complex and one at the Elizabeth City airport.