In a letter sent to employees on Friday, Hawker Beechcraft chairman and CEO Bill Boisture warned of further layoffs, as expectations of a business aviation recovery in 2012 dim. Layoff notices to an unspecified number of workers will be sent out by week’s end.
AINalerts » November 8, 2011
The Coalition to Save Our GPS sent a letter today to the FCC asking the agency to “promptly rule” that LightSquared be barred from using the upper mobile satellite spectrum (MSS) band for high-powered terrestrial operations.
Online charter portal Avinode’s forward-looking demand index stood at 97.13 on November 7, more than 45 points lower than on October 7. Nonetheless, the current index is still three points above where it stood 12 months ago. Avinode’s price index for the next 30 days doesn’t paint such a clear picture of decline.
The pace of the decline of general aviation aircraft deliveries slowed in the third quarter, according to statistics released yesterday by the General Aviation Manufacturers Association (GAMA).
Third-quarter pre-tax earnings at Berkshire Hathaway’s “other services” division, which includes FlightSafety International and NetJets, climbed 15 percent, to $281 million, from a year ago thanks to stronger demand for pilot training at FlightSafety and higher revenues at fractional provider NetJets.