If Berkshire Hathaway’s first-quarter results are any indication, its NetJets subsidiary will record a profit this year, which would be a reversal from $80 million in losses incurred by the fractional aircraft provider last year.
Charter and Fractional » Charter
News and issues concerning the aviation charter industry and markets, including company announcements, regulations, new developments and labor issues.
Very light jet air-taxi hopeful Pogo will likely “not launch operations before 2009,” according to company CEO and former American Airlines boss Robert Crandall. Initially, Pogo was planning on getting a VLJ operation off the ground this year with Adam A700s.
Platinum Jet Management has been slapped with a cease and desist order for the second time since the Challenger overrun accident at Teterboro Airport on February 2 last year. The June 12 DOT order claims Platinum Jet operated the Challenger and other charter flights without economic or regulatory authority. Further, the order contends that because one of Platinum’s three owners was not a U.S.
CharterX, one of the largest online charter facilitators, disclosed today that it has acquired air charter audit firm Wyvern Consulting of Palmyra, N.J. Together the companies will offer a new service called Safety Intelligence, “an information system intended for charter buyers,” to include accident/incident data and operational standards of charter providers compared with those of other operators, as well as Wyvern’s recommended standards.
Global charter broker Air Partner has acquired UK executive charter operator Gold Air for $8.1 million. From its base at London Biggin Hill Airport, Gold Air operates six Learjet 45s and a Hawker 800 and has two Global 5000s on order for delivery in 2009.
In a proposed rule issued Friday, the U.S. Bureau of Customs and Border Protection (CBP) announced its intention to require Part 135 air charter operators to submit complete international passenger manifests at least 60 minutes before departure for flights both inbound to and outbound from the U.S.
The FAA had planned to deliver Operations Specifications C082 on calculating new landing-distance safety margins by June 30, but it is still in a draft version.
NBAA and the National Air Transportation Association (NATA) expressed concern about the FAA’s June notice requiring the addition of a 15-percent landing-distance safety margin. NBAA and NATA believe that the FAA is bypassing the normal regulatory process.
The FAA is expected to push back “a few weeks” the implementation dates for the 15-percent runway safety margin requirement. A four-week delay, for example, would require air carriers to submit compliance procedures to their POI by October 1, with implementation required by November 1.
The FAA is moving forward with a plan to release Charter Operations Specifications A008 (OpSpec 008) and associated guidance on August 31.