Jackson River Aviation, LLC signed a letter of intent to acquire Tempus Jets, Inc. from Tempus Applied Solutions Holdings, Inc. (OTCPK:TMPS) on February 8, 2017. Jackson River Aviation, LLC entered into a stock purchase agreement to acquire Tempus Jets, Inc. from Tempus Applied Solutions Holdings, Inc. (OTCPK:TMPS) on March 1, 2017. The special committee of Tempus Applied Solutions Holdings, Inc. recommended the merger. The special committee and board of directors have approved the merger. The parties intend to execute a definitive agreement. Richard Baumann, Esq. of Ellenoff Grossman & Schole LLP acted as a Legal Advisor for Tempus Applied Solutions Holdings, Inc. Jackson River Aviation, LLC completed the acquisition of Tempus Jets, Inc. from Tempus Applied Solutions Holdings, Inc. (OTCPK:TMPS) on March 1, 2017.