November 20, 2003 - Posted at 4:22 p.m. CDT
WALNUT RIDGE, AR - Walnut Ridge residents this afternoon may have noticed an unusual sight in the skies around 2 o'clock, as a Boeing 737 airliner did a few low-flying circles over the city before landing at the nearby Walnut Ridge Regional Airport. The event heralded the start of a new operation at the airport, which once served as a World War II training facility for pilots.
Memphis-based Universal Asset Management has signed a lease with the Walnut Ridge Airport Commission to occupy a new facility that is nearing completion at the airport. The company supplies hardware for jet aircraft throughout the world.
The Walnut Ridge facility will be used to land large aircraft, disassemble them and ship the parts to customers.
"It could be something started that turns out to be a big asset for the Walnut Ridge Airport and the community, and we hope this is just the beginning of something," said Airport Commission Chairman Frank Wilson.