Two East Coast flight depts hit by hard times
When a Fortune 500 company’s fortunes crash and burn, corporate jets usually go up for sale and pilots end up looking for work.

When a Fortune 500 company’s fortunes crash and burn, corporate jets usually go up for sale and pilots end up looking for work. Such is the case with Tyco International, which has had its share of negative headlines over the past month. What that means for Tyco’s 22 flight department employees (11 pilots) at Portsmouth (N.H.) Pease International Airport (PSM) is that Tyco’s two Falcon 2000s, Falcon 900, Sikorsky S-76 and Beech Baron are on the block. The flight department personnel, in turn, are back on the job market.

Chief pilot George Vincent confirmed the bad news. “We have ceased operations–the hangar will be shut down and the aircraft sold,” he told AIN. He is optimistic that his employees will be successful in finding work: “The job market could be a lot worse. And we’ve been treated fairly by the company on the way out. We have some breathing room.”