NBAA has joined other organizations in urging Congressional leaders to continue stimulating business capital expenditures by extending the accelerated, or “bonus,” depreciation that is set to expire at the end of this year. In a letter sent to both houses of Congress yesterday, the groups said, “It is imperative that we continue the 50-percent bonus depreciation…for 2013 and beyond. This will provide some certainty to U.S.
AINalerts » December 6, 2012
Fractional provider Bombardier Flexjet launched Coastal Connect under its Flexjet 25 jet card program, which is operated by U.S. air carrier Jet Solutions. The new feature provides special rates for customers who fly to and from designated zones between the East and West Coasts on Flexjet Challenger 300s. The Flexjet 25 jet card starts at $100,000, with the cost of each flight deducted from the debit card balance, which can be replenished via an automatic or manual recharge option.
Milestone Aviation Group, the helicopter leasing firm headed by NetJets founder Richard Santulli, is raising $250 million to purchase aircraft and refinance previously purchased aircraft. It is doing this by offering senior unsecured notes that are due in 2017. Milestone, which provides 100-percent operating lease financing for helicopters, has leased more than 60 aircraft worth more than $850 million since its launch in August 2010.
Until December 14, Kaiser Air is waiving the ramp fee at its Oakland (Calif.) International Airport FBO for customers who, during their visit, donate a new unwrapped toy for the Marine Corps’ Toys for Tots program. For avgas customers who drop off a new toy at the FBO between now and next Friday, Kaiser is also offering a 20-cents-per-gallon discount at both its Oakland and Santa Rosa, Calif. locations.
Jet Support Services (JSSI), a provider of hourly-cost maintenance programs for business aircraft operators, named Neil Book as its new president and CEO today, succeeding Louis Seno, who will serve as chairman emeritus and special advisor to the board of directors. Book has served on the company’s board for the past three years and earlier this year joined JSSI as co-president, where he has led the sales, marketing and technical services teams.
Embraer Executive Jets’ first U.S.-assembled Phenom 300 was rolled out and made its first flight yesterday, exactly one year after the first Phenom 100 to be produced in the U.S. took its maiden flight. The Phenom 300 started rolling down the company’s Melbourne, Fla. assembly line in September. Delivery of this light jet is scheduled in the first quarter; it will go to the Embraer Executive Jets Melbourne-based flight department, which will use it as a demonstrator.
Dassault Aviation is poised to name a successor to long-standing chairman and CEO Charles Edelstenne, who is due to retire on January 9 after more than half a century of service at the French aerospace group. A company spokesman told AIN today that an announcement of a successor will be made “in the next few days.”
HyperMach Aerospace announced a new configuration for its SonicStar supersonic business jet (SSBJ) that it claims will boost the aircraft’s top speed by about 12 percent to Mach 4.5, while increasing range by 500 nm, to 6,500 nm. At its planned high-Mach cruise speed of Mach 4.4 at FL620, the SonicStar would be able to fly from New York to Dubai in only two hours and eight minutes.
With bankruptcy court approval yesterday of Hawker Beechcraft’s disclosure statement filed with its joint plan of reorganization (POR), the company’s emergence from Chapter 11 appears to be accelerating. The court’s move allows Hawker Beechcraft to begin soliciting approval of the POR from its creditors.
Demand for charter flights has climbed steeply, seemingly in anticipation of the year-end holiday season, according to the latest data from online charter portal Avinode. As of December 1, the company’s forward-looking demand index for the following 30 days stood at 241.78, almost 95 points above where it had been on November 1. This was also almost 42 points higher year-over-year.
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