On Tuesday, fractional-share operator CitationShares laid off 41 office staff and furloughed 52 pilots, according to CEO Steve O’Neill, “to match both the flight activity with staffing levels as well as operating revenue with expenses.
AINalerts » July 2, 2009
Britain’s Royal Household and Ministry of Defence are evaluating options for providing flights for Queen Elizabeth II and her family beginning April 1 next year after existing military and private charter arrangements expire. Revival of an earlier plan to purchase a new head-of-state aircraft seems unlikely in view of the continuing recession in the UK.
The possibility of commercially available synthetic jet fuels took a step closer to reality last week when ASTM International’s aviation fuels subcommittee passed a new specification for alternative jet fuel. The new specification details the properties and criteria required to control the production and quality of synthetic fuels for aviation use.
The FAA yesterday issued a Safety Alert for Operators (SAFO) regarding procedures for fighting fires caused by lithium batteries in portable electronic devices.
A voluntary furlough-mitigation program collaboratively formed in April by NetJets and its pilot union, the NetJets Association of Shared Aircraft Pilots (NJASAP), has averted layoffs and furloughs. “Through innovative and purely voluntary measures, NetJets has been able to align our pilot and other areas of our workforce to match our current owner demand levels,” NetJets chairman and CEO Richard Santulli told AIN.
The pre-owned business jet market appears to have bottomed out last month, according to UBS Investment Research’s latest business jet update, released this morning. “Available business jet inventories stepped down 2 percent in June after sequential increases in each of the prior 18 months,” UBS aerospace and aviation analyst David Strauss noted in the report.