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Residents around Lawrence County may notice
an unusual sight in the skies, as large airliners set down at
the Walnut Ridge Regional Airport. The landings will herald the
start of a new operation at the airport.
Universal Asset Management, headquartered
in Memphis, recently signed a  lease
with the airport commission to occupy a new facility that is
nearing completion at the airport. UAM supplies hardware for
jet aircraft around the world.
"Our business model centers around providing
a lower cost alternative to new aircraft components in a timely
manner. In many cases airlines can't get new aircraft parts to
support timing or cost needs, and that's where we come in,"
said CEO Steve Manley.
The Walnut Ridge facility will basically be
used to land large aircraft, disassemble them, and ship the parts
to UAM customers.
15 to twenty workers will eventually be employed
at the Walnut Ridge facility, although as many as 100 part-time
workers will be hired as needed.
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