The Middle East Business Aviation Association (MEBAA) launched an aviation insurance group discount program for members on Tuesday at the Dubai Air Show.
Financing, Insurance and Taxes
Issues regarding financing of aircraft; aviation insurance; tax issues for aircraft operators; new companies and people in the aviation financing and insurance industries.
ExecuJet Aviation is offering aircraft buyers a more direct and straightforward way to finance and operate business jets through its relaunched SimplyFly program. The package offers a quick decision on financing and the opportunity to have the aircraft managed under a five-year lease.
Swiss Re Corporate Solutions has set up a New York City-based underwriting team to develop its general aviation portfolio in the U.S. The company has also expanded its presence in Canada and its relationship with Seattle-based London Aviation Underwriters.
CHC Helicopter and aircraft leasing firm Milestone Aviation Group announced an $80 million contract today for sale-leaseback of five heavy helicopters for transporting offshore oil and gas workers in the UK, Denmark and Falklands. The deal includes the sale-leaseback of two Sikorsky S-92s and three Eurocopter AS332L2s.
Congress once again ran FAA operations almost to the wire last month before finally agreeing on a 22nd “temporary” extension of the agency’s operating authority, thus preventing another partial shutdown of the FAA and a work stoppage affecting more than 200 airport construction projects and safety improvements.
Politicians like to use the term “dead on arrival” to refer to unpalatable bills, and that’s how 116 bipartisan members of the House earlier this year described a trial balloon floated by the Obama Administration on user fees for general aviation.
The European Commission is refusing to back down over the implementation of its controversial emissions trading scheme (ETS), even in the face of possible new legislation that would make it illegal for U.S. aircraft operators to comply with its requirements.
Leasing group Milestone Aviation announced today its first deal involving Eurocopter aircraft through an agreement to place four new EC145s with Mexican operator Transportes Aereos Pegaso. The helicopters, which have just been delivered from Eurocopter’s factory in Donauworth, Germany, will be used for a support contract that Pegaso has with Mexican government utility group Comisión Federal de Electricidad.
The European Business Aviation Association (EBAA) has appointed an airline lobbyist as its new leader. Fabio Gamba, most recently deputy secretary general of the Association of European Airlines (AEA), will join the business aviation association as CEO on September 1. EBAA’s current president and CEO, Brian Humphries, will remain as president.
The vision of the satellite-based, data-centric, network-enabled transformation of the ATC system known as the Next Generation Air Transportation System (NextGen) has entered mainstream discourse in the U.S., but so too has the realization of its formidable cost.