Certain Regent Air unit assets will be acquired.

According to J. Roger Faherty, board chairman of Regent Air Corp., an investor group agreed to acquire certain operating assets and the shares of its wholly owned subsidiary, Regent Air Service. Faherty said the new agreement is the result of three months of negotiations and that the new investor group intends to operate a Regent Class service on a New York to Los Angeles route and to expand operations in the near future.

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