Tempus Applied Solutions (TAS) has acquired six L-1011 aircraft, which were earlier owned and operated by the British Royal Air Force (RAF).
TAS is a US-based company focused on providing design, engineering, systems integration and flight operations solutions in order to support major aviation mission requirements for several customers.
The purchase of the L-1011 aircraft was completed using 6,730,769 common shares of the company, which were issued to the seller at a value of $0.52 per share as payment for the aircraft.
In August, the company entered a definitive purchase agreement for the acquisition of six L-1011 aircraft developed by Lockheed Martin.
TAS chief executive officer Scott Terry said: “We are delighted that the aircraft inspections and records reviews were consistent with our expectations thus allowing us to complete this very important transaction.
“We can now focus our attention on military customers in the US and Nato that have urgent requirements for air-to-air refuelling services.
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“Now that the deal is closed, our potential customers can better understand our commitment to the aerial refuelling mission.”
Having previously served both the RAF and Nato, four of the six aircraft are specifically designed to carry out air-to-air refuelling (AAR) operations, while the remaining two are configured to conduct passenger and cargo missions.
The aircraft operated with the RAF and Nato for 30 years until they retired from service in 2014. However, they have many years of service life remaining.
Since their retirement, the L-1011 aircraft have been housed in flyable storage in the UK.