June 30, 2003 Albany-The former Ayres Corporation is back in business with two new owners and that means new jobs in Albany.
Former Albany mayor Larry Bays and Payne Hughes, former co-owner of Network Publications, have bought the airplane manufacturer and will open it as Thrush Aircraft Incorporated.
They've already hired twelve people and plan to hire up to 200. The company will manufacture Thrush cropdusters. The first two planes should roll off the line by the end of November.
The founder of Ayers Corporation, Fred Ayres, filed for bankruptcy protection in 2000 and the company was eventually foreclosed on. Larry Bays and Payne Hughes bought it from the company that foreclosed on it.
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