Business

October 2, 2012 - 5:40am

Hawaii’s Island Air signed a letter of intent with Chicago’s Aerway Leasing last month to lease five ATR 42s, the first two of which the airline expects to arrive in Honolulu by the end of this year and the final three next summer.

October 2, 2012 - 4:30am

Last month’s Airex show in Turkey (September 6 to 9) highlighted the country’s emergence as a hub of aviation growth on Europe’s boundary with the increasingly dynamic markets of Asia and the Middle East. Business aviation was a large facet of the event, which was staged on the general aviation apron of Istanbul’s Atatürk Airport, reflecting growth being engineered by both foreign and local companies.

October 2, 2012 - 3:45am

Arinc Direct is stepping up the development of its iPad flight-planning application in support of business aircraft operators eager to eliminate paper in the cockpit. One recent enhancement that has eased approval for the app as an alternative to more costly electronic flight bags has been allowing synchronization of data between two or more iPads in the cockpit using a Bluetooth connection. Coming soon is a feature that will allow pilots to rework flight plans in the cockpit on their iPads, for instance by making last-minute changes to weight-and-balance calculations.

October 1, 2012 - 12:15pm

The Society for Professional Engineering Employees in Aerospace (SPEEA) expected to finish counting ballots cast by Boeing engineers and technicians on a new four-year contract proposal on Monday evening. Boeing’s offer, which SPEEA leadership urged its 23,000 Boeing members to reject, calls for an average 3.5-percent raise for engineers for each year of the agreement and average pay hikes for technicians of 3 percent for the first year, followed by 2.5 percent in each subsequent year.

October 1, 2012 - 12:10pm

Governments on opposite sides of the Atlantic remain at loggerheads over subsidies to their respective aerospace industries following a European Union rebuke last week of a U.S. claim that it has met a World Trade Organization deadline to withdraw illegal support to Boeing.

October 1, 2012 - 12:00pm

More than 15 years after selling his Business Air commuter operation to British Midland Airways, Ian Woodley once again occupies the left seat as executive chairman of BMI Regional.

October 1, 2012 - 9:21am

For several years, you’ve been able to book charter flights on the Internet and now, as we’ve reported in Business Jet Traveler, there’s a retail store in London–The Jet Business–where you can actually walk in off the street and buy an airplane.

I think I can see where this trend is headed.

October 1, 2012 - 9:00am

General Electric and Rolls-Royce tie for first place among turbofan manufacturers, each scoring an overall average of 8.0 for the quality of product support they provide their customers. Compared with last year, that score represented an improvement of 5 percent for GE and 1 percent for R-R.

October 1, 2012 - 4:30am

Riding a Brazilian economy that continues to grow, fractional ownership and aircraft management company Avantto is finding a ready market and looks forward to more of the same.

In less than two years, with the backing of Brazilian asset management and private equity firm Rio Bravo, Avantto has signed more than 350 customers and assembled a fleet of 24 jets and 23 helicopters.

According to founder and president Rogèrio Andrade, Avantto’s fractional business model fits the needs of the country’s expanding economy and growing dependence on aviation.

October 1, 2012 - 1:55am

Pinnacle Airlines has resumed talks with its employee groups over contract concessions, following a recalculation of the cost savings it says it needs to emerge from Chapter 11 bankruptcy protection. According to Pinnacle, it now needs to shed $76 million to return to viability due in large part to Delta Air Lines’ plans to shed more than 200 fifty-seat regional jets from the Delta Connection system. It originally asked for $43 million in concessions.

 
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