Emivest Aerospace’s Chapter 11 bankruptcy reorganization filing late last month revealed that the company has until January 14 to find a buyer or could face Chapter 7 liquidation. Any prospective buyer of the manufacturer of the SJ30 light jet would have until February 4 to close the deal.
AINalerts » November 4, 2010
While the FAA has filed a “difference” explaining that it does not have a formal safety management system (SMS) rule for aircraft operators, despite ICAO's fast-approaching November 18 deadline, it is in the process of SMS rulemaking.
With the Republican victories on Tuesday, several prominent backers of general aviation have moved on. The highest-profile loss for aviation as a whole was Rep. James Oberstar (D-Wis.), the chairman of the powerful Transportation and Infrastructure Committee. The 36-year legislator is considered by many as the most knowledgeable lawmaker in Congress on aviation issues.
According to a report in today's edition of The New York Times, the U.S. government has cleared General Motors to use charter aircraft for its initial public offering (IPO) roadshow, starting today. GM, which yesterday announced a $13 billion public offering, did not respond to AIN's request for comment at press time. This will mark the first time that GM has been allowed to use private aircraft since Dec.
This morning, Columbus, Ohio-based NetJets announced it acquired jet card provider Marquis Jet Partners. Marquis Jet was started in 2001 by Kenny Dichter, offering 25-hour jet cards essentially equivalent to a 32nd share of a NetJets airplane. Jet card buyers purchase a “pre-paid sub-lease of a specific aircraft,” according to Marquis, which owns 65 airplanes in the NetJets fleet.