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Displaying 1 - 15 of 54 stories.
Monday, December 22, 2008
Eclipse Owners Organize
In a completely unsurprising move, Eclipse customers have organized to represent their interests during the bankruptcy procedures. Related Story Before its bankruptcy filing, Eclipse delivered 259 aircraft Eclipse and taken an estimated $300 million in deposits. It declared assets between $100 million and... [read more]
December 22, 2008
LaHood Tapped for DOT Post
Retiring Republican Representative Ray LaHood (Ill.), who served on the House aviation subcommittee, was is nominated Friday by President-elect Barack Obama to be Secretary of Transportation. LaHood ends his 13-year tenure in Congress at the end of the month...
December 8, 2008
BBD Continues Solid Results
Bombardier revenues jumped eight percent to reach $C4.6 billion in the third quarter ending October 31. Net income increased by $C154 million, reaching $C245 million, compared to $C91 million for the same period last fiscal year. Its cash position remains...
December 8, 2008
DayJet Bankruptcy: A Story of Brinksmanship
The decision to shut down DayJet operations on September 18 was coupled with a decision to put it into Chapter 7 liquidation rather than Chapter 11, according to court papers filed November 14 when the company officially declared bankruptcy. Chapter 11 would...
December 8, 2008
Private Jet Travel, One Seat at a Time
CogoJets is offering a new online meeting place for travelers wanting to share the cost of a private jet flight by allowing passengers to purchase one seat at a time. Passengers can also fill empty seats on existing flights. The company promises a 90 percent...
November 17, 2008
Runway Excursions Remain a Problem
At the recent Flight Safety Foundation International Air Safety Symposium more than 300 attendees heard FSF Foundation Fellow Dr. Earl Weener describe the progress of the Runway Safety Initiative's (RSI) efforts. Related Story The RSI program, an...
November 17, 2008
Domestic Travel Recovery in 2011
It won’t be until 2011 that domestic travel will return to 2006 levels, according to Boston-based Global Insight Inc. While talking mostly about commercial aviation, the report has implications for business aviation as well. The company said U.S...
November 10, 2008
Linear Closes New Round of Financing, Launches Management Program
At a time when most aviation companies are finding financing harder to come by, Linear Air closed a $1.3 million financing deal which includes new capital and debt. “This new financing was pivotal for us to maintain market leadership during the current...
November 3, 2008
Legal Challenge to New Airport Denied
One of the last two legal challenges to the new Bay County International Airport and Industrial District was settled last week as the judge denied a temporary restraining order requested by the Florida Clean Water Network, National Resource Defense Council...
November 3, 2008
FAA Forms Runway Safety Council
In its continuing bid to prove it is doing something to improve runway safety, the Federal Aviation Administration (FAA) convened the Runway Safety Council, a joint government-industry body that will take a deeper, systemic approach to improving runway...
November 3, 2008
Panelists Weigh Election Impact
When asked during last week’s RAA meeting in Washington how a new administration would impact airlines, Regional Airline Association President Roger Cohen quipped, “Well, it couldn’t get any worse than what we have now.” Regardless of...
October 20, 2008
Pieper Optimistic about Eclipse
Orlando, Fla. – While most of his time must have been spent explaining the events surrounding Eclipse over the past year, Eclipse CEO Roel Pieper remained optimistic about the manufacturer which, he said, has stepped back to take stock, putting the...
October 20, 2008
New Training Guidelines for VLJS
Orlando, Fla. – A rewrite of the VLJ training guidelines is expected from the National Business Aviation Association’s Safety Committee by year end after a meeting during the recent NBAA convention which reviewed the experience of the nearly 400...
October 20, 2008
Embraer Order Book Up 34 Percent
Based on the first three quarters of 2008, when it delivered 45, 52, and 48 jets, respectively, Embraer shows a steadier production process, which represents a 34 percent increase over the same period in 2007 when the company delivered 108 jets. Therefore...
October 20, 2008
New Airport May Not Be So Crazy, After All
Panama City, Fla – Those who think building a new airport with a 10,000 foot runway in the middle of a nature preserve and on the cusp of sea change in the aviation industry, is crazy haven’t talked to the folks involved in the $330 million...
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