Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Globe Aviation Services Corp history
Globe Aviation Services Corp company history timeline
Mercury Air Group was founded in 1956 by three original members of the legendary AVG Flying Tigers, whose focus on teamwork continues to guide our Company's core mission of service to the aviation industry today.
By 1969, Mercury Services reported an annual sales volume of just under $2 million.
Decades of experience, since 1971: ATC‘s roots date back to the early seventies when ATC Air Transport Consultants Ltd. was established in Switzerland as a charter broker.
Our vast experience and our international network, built over the decades since 1971, make us the perfect partner for your air cargo requirements.
Mercury Services was purchased in 1972 for approximately $750,000 by Seymour Kahn, the owner of an electrical manufacturing business on the West Coast.
1979 – ATC establishes itself as a pioneer in the field of Cargo General Sales Agency and Management Services for scheduled airlines.
ITS's security operations were considerably enhanced by its 1980 acquisition of the pre-board screening operations of American Airlines.
By 1984, ITS was reporting $40 million in annual revenues and had acquired Andy Frain Services, Inc., which specialized in providing ticket-takers and ushers for events at entertainment arenas.
Annual revenues had suffered during this difficult period and were estimated at $25 million in 1987.
With the acquisition of Maytag, and the continued expansion of its aviation services throughout the United States, Mercury Air Group reached approximately $70 million in revenue by the end of fiscal 1989.
1990: Company boasts pre-departure screening services at 65 airports.
In 1992 CTS introduced a new security system at Houston Intercontinental Airport, where the company was contracted to provide staffing.
1992: ITS enters business of commercial security staffing.
All of this activity helped Kahn to achieve his goal of $100 million in revenues by the end of fiscal 1994.
In 1995, Mercury Air Group was included in the annual ranking by Forbes as one of America's top 200 small firms.
In 1996, Maytag Aircraft Corporation won a major contract with Yokota Air Base in Japan to expand its military housing maintenance.
More good publicity came when the United States Secret Service began using Crown's metal detectors and recommended them to the Democratic National Committee for use at the 1996 national convention.
In 1996, total revenues grew by over 23 percent, and projections for the financial future of the company seem just as promising.
In 1996, Mercury Air Group reported total sales of $225 million, a 23 percent increase over the previous year.
By the end of fiscal 1996, the company was providing aviation fuel services to over 100 airlines around the globe, and had become the largest independent fuel and fueling services provider at Los Angeles International Airport.
In 1997, ITS management decided to take the company public, selling over 2.8 million shares (about 45 percent of its total shares) on the NASDAQ exchange at $11.25 per share.
In July 1999 NASDAQ moved to halt trading of the company's shares until ITS could answer some of the Exchange's questions regarding its finances.
For 1999 the company had reported a net income of $1 million; the restated results showed a net loss of $7.3 million.
After the retirement of Weitzel, Mark D. Thompson was named CEO, and in February 2000 ITS hired two new executive vice-presidents who, along with Thompson, had been instrumental in the turnaround of another company.
With the airport security market beginning to mature, and competition heating up, ITS set a goal of realizing $500 million in sales by the year 2000 through the expansion of service offerings.
2000: New management team is hired in conjunction with organizational restructuring.
Paul Bailin, senior security industry analyst at market research firm Freedonia Group in Cleveland, increased his estimate 10 percent for security equipment sales worldwide by 2004 to $65 billion, from $59 billion.
Rate how well Globe Aviation Services Corp lives up to its initial vision.
Globe Aviation Services Corp jobs
Do you work at Globe Aviation Services Corp?
Is Globe Aviation Services Corp's vision a big part of strategic planning?
Zippia gives an in-depth look into the details of Globe Aviation Services Corp, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Globe Aviation Services Corp. The employee data is based on information from people who have self-reported their past or current employments at Globe Aviation Services Corp. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Globe Aviation Services Corp. The data presented on this page does not represent the view of Globe Aviation Services Corp and its employees or that of Zippia.
Globe Aviation Services Corp may also be known as or be related to Globe Aviation Services Corp.