Archives :: Very Light Jet Report
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January 19, 2009
Very Light Jets have been on the leading edge of the current financial crisis with most newly minted manufacturers and commercial operations being the first to experience the constipation in the credit markets. Financiers began abandoning the market in droves as early as August 2007 at a time when some where predicting very light jets would be the “microchip of aviation.” Fiscal brinksmanship...January 19, 2009
That is the number of bidders for Eclipse, prompting the bankruptcy court to cancel last week’s auction for the Eclipse Aviation assets, in favor of the planned takeover by ETIRC. The sale must still be approved by the bankruptcy court which had scheduled a hearing at press time last Friday. Creditors gathered to consider competing bids. The Ad Hoc Committee of Senior Secured Note Holders and the...January 19, 2009
The first contract to install and test a low-cost ground surveillance system that would improve runway safety at small to medium-sized airports was awarded to Thales ATM by the Federal Aviation Administration (FAA). “Sometimes the simplest ideas are the best ideas,” said Acting Administrator Robert A. Sturgell. “Our goal is to get this technology to airports as quickly as possible. It’s...January 19, 2009
It is little wonder that aviation groups differed on their take of the House stimulus package with Air Transport Association expressing disappointment and the American Association of Airport Executives applauding the bill which was $500 million short of the $4 billion industry request. Very simply, the package included $3 billion for airports but not a dime for NextGen equipage, a critical necessity in...January 19, 2009
A new West Virginia law, which drops property tax obligations up to 95 percent, will probably be attracting a lot of aircraft owners. The tax code enacted in 2008 assesses corporate, commercial and other business aircraft at the lower of fair market salvage value or five percent of the aircraft’s original cost. The Special Aircraft Property Valuation Act drops the assessed value of business aircraft...January 19, 2009
Cessna is cutting an additional 2,000 workers from its 12,000 employee corps in order to ensure its long-term stability, according to the company, which plans to offer a voluntary layoff program. This is the second round of cuts after last month’s 60-day layoff notice for 500 and 165 working in Wichita and Bend, Ore, respectively. Despite announcing the layoffs, Cessna Aircraft Company continues to...January 19, 2009
The Great Lakes Aviation Conference has sold out the majority of exhibit space for this year’s event scheduled for in Novi, Mich. “Despite the current economy, many companies and exhibitors are trying to reach the individual pilot, maintenance personal and other aviation professionals in non traditional ways,” according to Todd Smith President of the GLIAC. In its ninth year, the even has...January 19, 2009
An amendment to the Troubled Assets Relief Program (TARP) introduced over a week ago bans the use of business aircraft by companies tapping into the program, according to the National Business Aircraft Association. The unintended consequences of the provisions will put the jobs of tens of thousands of hard-working Americans at risk, said the organization, which added it could devastate the small businesses...January 12, 2009
In the wake of the public relations fiasco brought to us by the automakers and the delayed reaction of the industry to defend business jets, it now seems that those taking delivery of new business jets will have to mount public relations campaigns of their own to justify them not only to shareholders but to those paying close attention. That assumption comes after Starbucks announced it was closing...January 12, 2009
A new fuel research and optimization program that complements flight planning software is the result of a deal cut between the National Air Transportation Association (NATA) and Scheduling Sidecar Inc. (SSC). The program works with an operator’s existing trip scheduling program to provide flight planners additional data to plan trips cost effectively, said the organization. Data includes contract...January 12, 2009
A significant milestone in full industry-wide deployment of the Air Charter Safety Foundation (ACSF) Industry Audit Standard was reached last month when two air charter operators and a shared ownership operator were included in a beta test of the audit program. ACSF anticipates accepting operator requests to schedule an IAS review beginning in late January. The ACSF Industry Audit Standard (IAS), announced...January 12, 2009
The Air Charter Safety Foundation scheduled its second annual safety symposium for March 3-4 at the NTSB Training Center in Ashburn, VA, just west of Washington, DC. Participants will learn about the • Current safety record of the air charter industry...January 12, 2009
Wednesday will tell if Eclipse Chair Roel Pieper will win ownership of Eclipse at an auction as planned as part of Eclipse’s bankruptcy reorganization or whether a rumored dark horse will trump him. His...January 12, 2009
In a partnership with UPS Supply Chain Solutions, Embrear certified its new U.S. distribution center in Louisville just before Christmas. The facility, operated by the UPS division, was certified by the Brazilian Civil Aviation Agency (Agência Nacional de Aviação Civil – ANAC). The certification by ANAC is recognized by the Federal Aviation Administration (FAA). The certification...January 12, 2009
Two days after the Embraer Phenom 100 received its Federal Aviation Administration type certificate, it delivered its first production jet to lead customers James and Elizabeth Frost, of Houston, Tex., who took delivery in São José dos Campos. Related Story The aircraft entered the U.S. after successfully completing its ferry flight. A second Phenom 100 aircraft was delivered on...January 5, 2009
Investing $30 billion on transportation infrastructure would create 834,000 jobs, according to the National Air Transportation Association. In a letter to Congress, President James Coyne said modernizing the air traffic control system increases capacity and improves safety. “The impact of inadequate infrastructure is more costly than investment in...January 5, 2009
Just weeks after the certification of its very light jet Phenom 100, both Brazil’s National Civil Aviation Agency (Agência Nacional de Aviação Civil - ANAC) and the European Aviation Safety Agency (EASA) awarded type certificates to Embraer’s ultra-large Lineage 1000 on December 23. Interior Supplemental Type Certificate (STC) will follow soon, said Embraer in making the...January 5, 2009
Transportation Security Administration’s security directive (SD) expanding the requirement for background checks and security badges to pilots based at commercial airports has come under fire from the Aircraft Owner’s and Pilots Association which is urging TSA to reconsider the rule because it would impact “10s of thousands of general aviation pilots based at air carrier airports.”...January 5, 2009
The internet spawned another air taxi reservation system in the guise of Flyacab.com. The search service is designed to make it easy for potential air taxi customers to find charter aircraft and their operators by providing a way for registered buyers and sellers to directly interact with each other, said the company. Flyacab said it is capitalizing on the recent innovation in small aircraft which has led...December 22, 2008
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 $500 million and more than a $1 billion in debt when it filed for bankruptcy last month. Simultaneous...
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