Orlando, Fla.-based Signature Flight Support announced Friday its acquisition of Tropical Aviation Corp. operating out of Isla Grande’s Fernando L. Rivas Dominicci Airport. The amount of the transaction was undisclosed.
The decision Thursday by the U.S. Bankruptcy Court judge overseeing the Borders Chapter 11 proceeding could send the bookstore chain, which still has one location left in Puerto Rico, into a liquidation of its assets.
The Treasury Department’s preliminary year-end General Fund report released Wednesday showing an uptick in revenue collections may not necessarily be a sign of real economic improvement, the Center for the New Economy said Thursday upon analyzing the results.