AINalerts » May 18, 2010

May 18, 2010 - 12:13pm

Dornier Seaplane yesterday selected the Montreal suburb of Saint-Jean-sur-Richelieu as the final assembly site for the company’s all-composite, Pratt & Whitney Canada PT6A-135-powered Seastar amphibious turboprop twin. The Seastar has already received FAA and EASA type certification.

May 18, 2010 - 12:11pm

The FAA has backed away from placing restrictions on non-citizen owner trust registrations of aircraft, according to NBAA and NATA. The FAA on April 30 stopped issuing new aircraft registrations in cases where the registration was to be held by an owner trust with a non-U.S. citizen as the trust beneficiary, citing safety concerns.

May 18, 2010 - 12:09pm

UBS Investment Research’s May business jet index came in at 50, indicative of a stable market and in line with its previous two surveys in January and March. “This recent plateau follows increases in our index over our prior eight surveys, going back to late 2008,” UBS said.

May 18, 2010 - 12:08pm

President Barack Obama yesterday nominated John Pistole as assistant secretary for the Department of Homeland Security, a position where he would also lead the Transportation Security Administration. Pistole’s nomination comes after two previous failed attempts to fill the position over the past year.

May 18, 2010 - 12:06pm

As the U.S. dollar becomes stronger, the general aviation industry will shift slowly from predominantly non-North American buyers to a more even mix since GA aircraft are priced in dollars, according to aviation market advisor Brian Foley of Brian Foley Associates. “This year the non-North American sales component helped arrest a further slide and has been the starting fluid for the downtrodden general aviation industry,” he said.

 

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