AINalerts » October 23, 2008

October 23, 2008 - 12:10pm

Virgin Charter today announced that it has partnered with global travel management company Radius, which will use the online marketplace to find and book charter flights for its clients. The news is tempered, however, by reports that Virgin Charter has laid off a number of employees.

October 23, 2008 - 12:09pm

JetDirect Aviation, the former charter arm of the now-defunct Sentient Jet Holdings, laid off approximately 20 employees this week. (Sentient Jet Holdings last month reorganized into two companies: Sentient Flight Group, a jet card/charter broker; and JetDirect Aviation.

October 23, 2008 - 12:08pm

The NTSB yesterday released an update on its investigation of the Learjet 60 that crashed while taking off from the Columbia (S.C.) Metropolitan Airport just before midnight on September 19. The two crewmembers and two passengers were killed in the accident; two other passengers suffered serious injuries and have recovered.

October 23, 2008 - 12:07pm

In a letter sent to employees last week, Hawker Beechcraft chairman and CEO Jim Schuster warned that the turmoil in the financial markets could have negative effects on the aircraft manufacturer. “While we have enjoyed one of the greatest market expansions in general aviation history, we now face market conditions characterized as wildly uncertain at best,” he wrote.

October 23, 2008 - 12:05pm

London, Ontario-based OurPlane–a fractional provider of “new light aircraft,” including Cirrus SR22 piston singles and one Eclipse 500–today made a bid to purchase the entire fleet of 28 Eclipse 500s formerly operated by DayJet.

October 23, 2008 - 12:02pm

Despite what General Dynamics chairman and CEO Nicholas Chabraja termed a “tumultuous period in the markets and dislocation in the financial services sector,” its Gulfstream Aerospace division “had a terrific quarter.” Thanks in part to higher sales and deliveries of business jets at Gulfstream, General Dynamics yesterday reported third-quarter profits of $634 million, an increase from the $544 million posted in the same period last year, on r

 

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