Stevens Aviation Charts the
Course Ahead with Foley at the Helm
Tom Foley, chairman and majority shareholder
of Stevens Aviation, has taken over the day-to-day running of
his company and, at a briefing Tuesday, he set out his plans for
progress and expansion.
Stevens Aviation, a well-established Beech King Air service provider,
services both the civil and military fields from seven major locations.
However, as Foley noted, by the end of 1998, the company had not
succeeded in reaching the goals it had set for itself and so,
with the agreement of all concerned, he stepped in to move things
forward. In response to questions about how long he might stay
at the top, Foley replied, "Well, actually, I'm kind of enjoying
it now and I plan on sticking around for quite some time."
The bulk of Foley's business background is in the world of finance
and venture capital, but, as he pointed out, he is no stranger
to aviation. "I've been watching over this business for 10
years now, but I've also been a PPL for 28 years. I have about
3,000 PIC hours and right now I fly a Folland Gnat."
In fact, Foley's Gnat T.Mk 1 jet trainer is quite a historic aircraft
having once been the lead aircraft in the RAF's Red Arrows aerobatic
team. His is more than a mere warbird, however. With full IFR
and airways avionics he uses it as a working aircraft to get to
meetings around the U.S.
According to Foley, jets will play an important part in Stevens'
future business as the company develops its expertise in the turboprop
market, providing maintenance and support for light business jets
such as the Beechjet, the Hawker family and for Cessna Citations.
Stevens has set up a one-stop shop for painting and modification,
which Foley described as 'state-of-the art.' "No one can
do a better paint job than us," he said.
Much attention is focused on Stevens' venture to upfit King Airs
with new powerplants, provided by Orenda Recip Inc. Larry Baker,
Stevens' head of operations, said that since the new STC was being
handled by Orenda, Stevens was in a 'chicken-and-egg' situation
with the aircraft concerning orders. But, he said the industry
was poised and waiting for certification.
Two aircraft have been dedicated to the flight test program being
run in Mojave, CA, and serious testing will begin in the next
few weeks. While Orenda is looking at several applications for
its new engines, Stevens will be concerned solely with the King
Air and expects to handle anywhere between 50 and 150 conversions.
Stevens will also continue to work with the U.S. military C-12
fleet, an activity that provides 15% of its current business.
The aviation company handles maintenance and support for the U.S.
Air Force, as well as the navy and army C-12 fleets. Right now
it is rebidding for both its navy and air force contracts.
Foley said the military work is important not only in itself,
but because it allows Stevens to support facilities and personnel
at its most modern facility (at Donaldson Center Industrial Airpark,
Greenville, SC), which is also available for civil contracts.
By Robert Hewson
NBAA 1999, Atlanta, Ga.