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Butler International
Butler International was a United States company in the airplane service, trucking, and technical-management industries. Founded as the Chicago, Illinois–based Butler Aviation in 1947, the company spread across the United States and acquired various other aviation companies, becoming by 1970 the country's largest aviation services company. In 1974, reflecting a diversity of business interests and services in Europe, it was renamed to Butler International. Once a "giant of the general aviation industry", the aviation division was sold in 1992 and merged in 1998 into Signature Flight Support, a company run by the British company Signature Aviation. The rest of the company was sold and ultimately declared bankruptcy in 2009, acquired by Butler America, later Butler Aerospace & Defense, a subsidiary of Select Staffing. This successor company, now owned by Indian conglomerate HCL Technologies, works almost entirely as a technical and engineering support provider for Sikorsky Aircra ...
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Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Arlington, Virginia
Arlington County is a county in the Commonwealth of Virginia. The county is situated in Northern Virginia on the southwestern bank of the Potomac River directly across from the District of Columbia, of which it was once a part. The county is coextensive with the U.S. Census Bureau's census-designated place of Arlington. Arlington County is considered to be the second-largest "principal city" of the Washington metropolitan area, although Arlington County does not have the legal designation of independent city or incorporated town under Virginia state law. In 2020, the county's population was estimated at 238,643, making Arlington the sixth-largest county in Virginia by population; if it were incorporated as a city, Arlington would be the third most populous city in the state. With a land area of , Arlington is the geographically smallest self-governing county in the U.S., and by reason of state law regarding population density, it has no incorporated towns within its borders ...
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Journal & Courier
The Lafayette ''Journal & Courier'' is a daily newspaper owned by Gannett, serving Lafayette, Indiana, and the surrounding communities. It was established in 1920 through the merger of two local papers, the ''Journal and Free Press'' (established in 1829 under the name John B. Semans' Free Press) and the ''Courier'' (established in 1845). In 2016, the newspaper moved from its long-time downtown headquarters to a new building on Lafayette's east side, closer to its press and production facility. Format With its change of format on July 31, 2006, the ''Journal & Courier'' became the first daily newspaper in North America to use the Berliner layout. Circulation As of September 2010, average daily circulation is 27,837. Sunday circulation is 39,343. The ''Journal & Courier'' is one of 35 Gannett newspapers that contain a seven-day edition of USA Today. Trivia * In 2008, the ''Journal & Courier'' sponsored Sameer Mishra, the winner of the 81st Scripps National Spelli ...
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Chapter 11 Bankruptcy
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to t ...
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West Lafayette, Indiana
West Lafayette () is a city in Wabash Township, Tippecanoe County, Indiana, United States, about northwest of the state capital of Indianapolis and southeast of Chicago. West Lafayette is directly across the Wabash River from its sister city, Lafayette. As of the 2020 census, its population was 44,595. It is the most densely populated city in Indiana and is home to Purdue University. History Augustus Wylie laid out a town in 1836 in the Wabash River floodplain south of the present Levee. Due to regular flooding of the site, Wylie's town was never built. The present city was formed in 1888 by the merger of the adjacent suburban towns of Chauncey, Oakwood, and Kingston, located on a bluff across the Wabash River from Lafayette, Indiana. The three towns had been small suburban villages which were directly adjacent to one another. Kingston was laid out in 1855 by Jesse B. Lutz. Chauncey was platted in 1860 by the Chauncey family of Philadelphia, wealthy land speculators. Ch ...
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Purdue Research Park
The Purdue Research Parks are a network of four research parks located in Indiana, United States. The flagship West Lafayette park is located less than north of Purdue University's West Lafayette campus, and is the largest university-affiliated research park in the United States. The other facilities are located in Merrillville, Indianapolis, and New Albany. The parks were developed by the Purdue Research Foundation. Under development since the late 1990s, the Purdue Research Parks are now home to nearly 200 companies encompassing numerous industries and fields of study, including biology, materials science, and information science, among others. Purdue University and Purdue Research Foundation operate business incubation programs to assist organizations in the process of commercializing innovative technologies. It represents the largest cluster of "technology-based companies" in Indiana. Economic impact Purdue Research Park has been used as an example of the positive " ...
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Fixed-base Operator
A fixed-base operator (FBO) is an organization granted the right by an airport to operate at the airport and provide aeronautical services such as fueling, hangaring, tie-down and parking, aircraft rental, aircraft maintenance, flight instruction, and similar services. In common practice, an FBO is the primary provider of support services to general aviation operators at a public-use airport and is on land leased from the airport, or, in rare cases, adjacent property as a "through the fence operation". In many smaller airports serving general aviation in remote or modest communities, the town itself may provide fuel services and operate a basic FBO facility. Most FBOs doing business at airports of high to moderate traffic volume are non-governmental organizations, either privately or publicly held companies. Though the term ''fixed-base operator'' originated in the United States, the term has become more common in the international aviation industry as business and corporate aviati ...
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Chicago Tribune
The ''Chicago Tribune'' is a daily newspaper based in Chicago, Illinois, United States, owned by Tribune Publishing. Founded in 1847, and formerly self-styled as the "World's Greatest Newspaper" (a slogan for which WGN radio and television are named), it remains the most-read daily newspaper in the Chicago metropolitan area and the Great Lakes region. It had the sixth-highest circulation for American newspapers in 2017. In the 1850s, under Joseph Medill, the ''Chicago Tribune'' became closely associated with the Illinois politician Abraham Lincoln, and the Republican Party's progressive wing. In the 20th century under Medill's grandson, Robert R. McCormick, it achieved a reputation as a crusading paper with a decidedly more American-conservative anti-New Deal outlook, and its writing reached other markets through family and corporate relationships at the ''New York Daily News'' and the ''Washington Times-Herald.'' The 1960s saw its corporate parent owner, Tribune Company, rea ...
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Early 1980s Recession
The early 1980s recession was a severe economic recession that affected much of the world between approximately the start of 1980 and 1983. It is widely considered to have been the most severe recession since World War II. A key event leading to the recession was the 1979 energy crisis, mostly caused by the Iranian Revolution which caused a disruption to the global oil supply, which saw oil prices rising sharply in 1979 and early 1980. The sharp rise in oil prices pushed the already high rates of inflation in several major advanced countries to new double-digit highs, with countries such as the United States, Canada, West Germany, Italy, the United Kingdom and Japan tightening their monetary policies by increasing interest rates in order to control the inflation. These G7 countries each, in fact, had " double-dip" recessions involving short declines in economic output in parts of 1980 followed by a short period of expansion, in turn, followed by a steeper, longer period of econom ...
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Mooney International Corporation
The Mooney International Corporation (formerly Mooney Aviation Company, Inc. and the Mooney Aircraft Company) is an American aircraft manufacturer based in Kerrville, Texas, United States. It manufactures single-engined piston-powered general aviation aircraft. Through its history the company has had many American owners and subsequent bankruptcies. Mooney International was purchased in 2013 by a Chinese private equity, real-estate development company, the Meijing Group who ran it until 2020, when it was purchased by a group of Mooney aircraft owners under US Financial, LLC of Wyoming. Among Mooney's achievements are: the first pressurized single-engined, piston-powered aircraft, the M22 Mustang, production of the fastest civilian single-engine piston-powered aircraft in the world, the M20TN Acclaim Type S, the first production aircraft to achieve on , the M20J 201 and the fastest transcontinental flight in a single-engine piston-powered production aircraft, the M20K 231 ...
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Ronald Reagan Washington National Airport
Ronald Reagan Washington National Airport , sometimes referred to colloquially as National Airport, Washington National, Reagan National Airport, DCA, Reagan, or simply National, is an international airport in Arlington County, Virginia, across the Potomac River from Washington, D.C. It is the smaller of two airports operated by the Metropolitan Washington Airports Authority (MWAA) that serve the National Capital Region (NCR) around Washington, D.C. (the larger being Dulles International Airport about to the west in Virginia's Fairfax and Loudoun counties). The airport is from downtown Washington, D.C., and the city is visible from the airport. The airport's original name was Washington National Airport. In 1998, Congress renamed it Ronald Reagan National Airport in honor of President Ronald Reagan. MWAA operates the airport with close oversight by the federal government due to its proximity to the national capital. Flights into and out of the airport are generally not allow ...
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Shelton, Connecticut
Shelton is a city in Fairfield County, Connecticut, United States. The population was 40,869 at the 2020 United States Census. History Origins Shelton was settled by the English as part of the town of Stratford, Connecticut, in 1639. On May 15, 1656, the Court of the Colony of Connecticut in Hartford affirmed that the town of Stratford included all of the territory inland from Long Island Sound, between the Housatonic River and the Fairfield town line. In 1662, Stratford selectmen Lt. Joseph Judson, Captain Joseph Hawley and John Minor had secured all the written deeds of transfer from the Golden Hill Paugussett Indian Nation for this vast territory that comprises the present-day towns of Trumbull, Shelton and Monroe. Shelton was split off from Stratford in 1789, as ''Huntington'' (named for Samuel Huntington). The current name originated in a manufacturing village started in the 1860s named for the Shelton Company founded by Edward N. Shelton—also founder of Ousatonic Wat ...
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