AINalerts » May 13, 2010

May 13, 2010 - 11:46am

Assembly Bill 48, passed last year by the state of California, eliminates a long-standing flight training facility exemption from authorizing legislation for the Bureau for Private Post Secondary Education (BPPSE).

May 13, 2010 - 11:44am

Cessna Aircraft chairman, president and CEO Jack Pelton was tapped yesterday by Department of Transportation Secretary Ray LaHood to sit on the agency’s future of aviation advisory committee. Pelton is the sole member of the 19-person committee representing general aviation interests; unsurprisingly, many of the members are affiliated with the airline industry.

May 13, 2010 - 11:41am

Business aircraft flight activity increased 4.8 percent last month compared with year-ago levels, according to TraqPak data released yesterday by aviation specialized services firm Argus. By aircraft type, midsize jets led with a 7.7-percent increase over the same month last year, followed by light jets (+7 percent) and turboprops (+4.4 percent).

May 13, 2010 - 11:38am

In its latest monthly business jet market report, JPMorgan North American Equity Research said demand for new business jets is “still in the doldrums.” As proof, the firm said Cessna Citations aren’t even 70 percent sold out this year, while Embraer “has seen little pickup in demand” for its executive jets.

May 13, 2010 - 11:36am

Berkshire Hathaway’s most recent quarterly financial report notes that revenues at its NetJets subsidiary grew by 18 percent compared with the first quarter of 2009, generating positive pre-tax earnings of $57 million in the first quarter versus a pre-tax loss of $96 million in the same period last year.

 

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