Business

February 5, 2013 - 1:10am

Many, but not all, former Silver State Helicopter students have had their student loans forgiven in the wake of the 2008 bankruptcy and liquidation of what was then the largest civil helicopter school in the U.S. However, Cleveland-based KeyBank did not offer loan forgiveness, prompting 100 former students to sue, charging that the bank knew of Silver State’s precarious financial condition when it offered them high-interest-rate loans of up to $70,000 to attend the school. Arguments in the case were heard late last year by the Ninth Circuit U.S.

February 5, 2013 - 12:35am

A Robinson R44 light single is undergoing heavy repairs at UTair-Engineering’s facility in Tyumen, Russia. The complete “inspection and refitting” is expected to take three months, ending next month. In 2012, UTair-Engineering passed the Robinson Helicopter and Russian Aviation Authority performance audits for maintenance, repair and overhaul operations. The company is thus now an authorized service center for Robinson in Russia.

February 4, 2013 - 3:20pm
FARO Laser Scanner

The NTSB recently began using laser scanners as a replacement to standard camera photography to record important data at accident scenes. A camera records in two dimensions, but a laser scanner adds virtual reality by viewing evidence in three dimensions.

February 4, 2013 - 3:00pm

The old Terminal Instrument Procedures Working (TWG) group has been disbanded, and the new U.S Instrument Flight Procedures Panel (IFPP) is taking its place. The TWG was formed in an era when instrument approach procedures were designed around land-based navaids. Because the FAA has committed itself to developing a National Airspace System built to performance-based navigational standards (PBN), the agency believed the complexities inherent in these designs demand a more comprehensive working group.

February 4, 2013 - 1:27pm
Boeing 737-800

Europe’s highest court, the European Court of Justice (ECJ) in Luxembourg, confirmed in a ruling last Thursday that airlines based in the EU carry liability for accommodation and other “necessary, appropriate and reasonable” costs incurred by passengers in the event of long delays, even for disruptions beyond their control.

February 4, 2013 - 1:20pm
Underfunding of airport construction could cost the U.S. $313 billion in gross domestic product by 2020, according to a report commissioned by the ASCE. (Photo: Atlanta Hartsfield International Airport)

Dire consequences await the U.S. economy in the absence of significantly increased investment in airport infrastructure in the coming years, according to a new report commissioned by the American Society of Civil Engineers (ASCE). The fifth and final report in the ASCE’s Failure to Act series, The Impact of Current Infrastructure Investment on America’s Economic Future, predicts an estimated gap in airport investment between now and 2020 of $39 billion.

February 4, 2013 - 11:09am

“The government treats business aviation like a rich man’s toy,” said an Indian business jet operator speaking to AIN on condition of anonymity. The comment neatly summarizes the context for the continuing obstacles to business aviation growth in a country where largely positive economic conditions should be driving a major uptick in expansion of the industry.

February 4, 2013 - 10:55am

Defense contractors gathering for this week’s Aero India show in Bangalore will be coming to terms with the realization that military procurement plans could well be diminished for next year’s fiscal budget, which begins in April 2013.

February 4, 2013 - 5:10am

Hawaii’s Island Air announced last month that it has entered into an agreement it believes will lead to sale of the company to an undisclosed buyer.

“This is a great opportunity for the future of the company,” said Les Murashige, Island Air’s president. “The company has gone through a number of challenges recently and a new owner will bring a fresh perspective to the company.”

Those challenges include delays in pressing into service a fleet of newly acquired ATR 72-200s and direct competitive threats posed by a new rival ATR operation planned by Hawaiian Airlines.

February 4, 2013 - 4:15am

Charter booking portal Stratajet is signing an initial group of aircraft operators for system tests that it hopes will lead to a full launch in this year’s second quarter. The company has dropped earlier plans to charge operators to list aircraft in its Stratafleet database and is guaranteeing fixed, all-inclusive charter rates to passengers.

 
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