The eleventh-hour proposal to restructure Avantair, the Clearwater, Fla.-based Piaggio Avanti turboprop fractional ownership program, is on hold amid owner resistance.
AINalerts » July 16, 2013
The U.S. Court of Appeals has unanimously upheld the FAA’s right to impose the mandatory overwater North Shore Route on helicopter traffic over New York’s Long Island. Writing for the Court, U.S. circuit judge Richard Roberts rejected a legal challenge (petition for review) to the route filed by the Helicopter Association International to overturn the mandate.
As of August 1, first officers for U.S. Part 121 air carriers will need to have logged at least 1,500 hours as well as meeting other requirements. The new regulations, however, do not address the quality of the logged time, and cargo operator Ameriflight has petitioned the FAA to allow pilots to log more time when flying as second-in-command (SIC) in Part 135 cargo operations where just one pilot is required. The petition was filed in February but just recently went live for public comment.
UBS Investment Research’s latest Business Jet Market Index dropped to 39 from 41 in May. The index measures “total value” in a survey of 131 “U.S. domestic and international broker/dealers, manufacturers, fractional providers, financiers and others,” according to UBS. The majority, 63 percent, are brokers/dealers.
The survey doesn’t assess absolute business conditions but measures changes in respondents’ views. The index is near a four-year low, “and well below the 50 mark that is indicative of sequential improvement.”
On June 13, Todd Reichert and the AeroVelo team (mostly students at the University of Toronto) entered the history books, winning the American Helicopter Society’s Igor I. Sikorsky Human-Powered Helicopter Competition. The competition requires flying above three meters for at least one minute within a 10- by 10-meter space.
Cutter Aviation began operating its FBO at Van Nuys Airport yesterday. Cutter is operating the facility under a long-term management agreement with facility owner and legendary airshow pilot Bob Hoover. Pentastar Aviation previously operated the FBO. Tom Magglos, who used to manage the former Petersen Aviation FBO on the south side of Van Nuys Airport, is managing the new Cutter operation, which will undergo a multimillion-dollar renovation.
Macquarie Group has launched a new helicopter leasing company, Macquarie Rotorcraft Leasing, headquartered in San Francisco. The new company is headed by CEO Jeffrey Pino, formerly president of Sikorsky Aircraft. James Clarke, most recently CFO at Air Lease, is COO of Macquarie Rotorcraft Leasing. The leadership team also includes chief marketing officer Steve Estill and chief technical officer Greg A’slinger, former owner of Uniflight. The new company specializes in supplying helicopters for oil and gas, medical transport, search-and-rescue and executive transport.
Embraer released its second-quarter results yesterday, with 29 executive aircraft delivered, compared with 20 in last year’s second quarter. The value of firm orders received–executive and commercial aircraft combined–leaped by $3.8 billion to $17.1 billion in the second quarter. A breakdown of executive jet numbers in this year’s second quarter showed 23 light jet deliveries and six large jet deliveries (11 Phenom 100s, 12 Phenom 300s, five Legacy 650s and one Lineage 1000).
The newly renamed NBAA Business Aviation Convention & Exhibition (October 22 to 24 in Las Vegas) will again feature a second smaller static display, but this time inside the convention hall instead of outside. The traditional outdoor airport static display will again be held at Henderson Executive Airport. For the past two NBAA shows, a smaller static display was held outside the convention hall. At Las Vegas, the indoor static display will include 10 to 15 light business airplanes and helicopters on the main exhibit floor.
The European Business Aviation Association has commissioned a study into “illegal flights in business aviation.” The research is being conducted by Hamburg, Germany-based Roland Berger Strategy Consultants and intelligence group Wingx Advance. They are conducting interviews with industry stakeholders to assess the extent and impact of illegal flights. The study is intended to clarify the exact nature of illegal flying (mainly in the charter sector) and how it affects the market and the bizav industry.
- Page 1