Attendees at the National Aircraft Financing Association annual meeting late last week in Savannah, Ga., largely agreed that aircraft financing is “thawing,” but new international banking rules that will start to be phased in next year might make things worse.
AINalerts » May 1, 2012
TAG Aviation’s business aviation center at Farnborough Airport, which is about 30 miles southwest of London, ranked as the best international FBO in AIN’s 2012 FBO Survey, landing an overall average score of 8.8 out of a possible 10. Pilots, flight attendants, dispatchers and other AIN subscribers who have frequent interaction with FBOs provided a total of 17,863 evaluations of more than 1,600 facilities around the world in this year’s survey.
Government officials, Bombardier Aerospace executives and other stakeholders broke ground yesterday on a $56 million, one-million-square-foot expansion at the Learjet Wichita campus.
Since business aviation operators are increasingly turning to independent contractors to contain costs and do more while conserving resources, NBAA has published a guide aimed at helping flight operators to properly classify these workers as either employees or independent contractors. “If a worker is classified incorrectly, there are significant tax, liability and legal risks for the employer,” NBAA said.
As VIPport nears completion of its Pulkovo-3 FBO at St. Petersburg Pulkovo Airport, another prominent local player, Avia Group, has revealed its own plans to set up a competing business aviation center on the airfield. At present, the airport has no FBOs; should both developers deliver on their promises, it will have two independent FBOs by year-end.
JetFlite International reappointed Warren Hogan as its chief pilot. He joined the Long Beach, Calif.-based aircraft charter management firm in 2007 and subsequently became chief pilot, but later relinquished that position to fly as a lead captain on JFI Jets’ GV, logging more than 1,100 hours as a GV captain since 2009. Hogan, who has 32 years of professional aviation experience, has more than 11,000 hours total time. He previously worked for Flexjet, FlightSafety International, Martin Aviation and Petersen Aviation.
Embraer Executive Jets announced on Friday that it recently made its first international delivery of a U.S.-assembled Phenom 100. The light jet went to Canadian businessman Tasso Kostelidis, who is an instrument-rated private pilot. He plans to use his Phenom 100 to connect his far-flung network of four distribution centers throughout Canada for his Montreal-based packaging and materials business company, Conglom. Two additional warehouses are under construction, and Kostelidis will fly his Phenom to also check on their progress.
The Massachusetts Port Authority has begun a seven-month closure of Runway 15R/33L at Boston Logan International Airport for resurfacing and to complete Runway Safety Area (RSA) construction at the departure end of Runway 15R. Following daily closures this month, the runway will be completely closed starting about June 15 through late September, ending with daily closures again in October and November. The enhanced RSA will extend the existing Engineered Material Arresting System (EMAS) bed to a total of 500 feet.
The Chicago Area Business Aviation Association (CABAA) received approval to have the CABAA Visual Departure at Chicago Executive Airport published in Jeppesen charts. The Runway 16 VFR procedure, which has until now been published only in the Airport/Facility Directory, was developed last year to minimize takeoff delays with the opening of Runway 27R at Chicago O’Hare. The new Jeppesen chart will be issued on May 12 under Revision 11.
The National Air Transportation Association (NATA) is applauding the efforts of U.S. Reps. Sam Graves (R-Mo.) and John Barrow (D-Ga.) in spearheading a letter to Rep. Dave Camp (R-Mich.), chairman of the Committee on Ways and Means, requesting his support in repealing the “fuel fraud” provision in the final highway reauthorization bill.