Business

September 2, 2012 - 4:55am

The global business aviation industry is anticipating a modest increase in flight utilization, according to statistics released by data tracker JetNet at its second annual iQ Summit in New York City recently. The Utica, N.Y.-based company conducts quarterly surveys through its JetNet iQ product, which it uses to gather information about the current state of the business aviation market and predict future trends.

September 2, 2012 - 3:55am

With the growing complexity of myriad federal, state and local taxes and fees, and the increasing intensity with which they are enforced, there was plenty to discuss at the Commercial Operators Tax (COT) seminar, held September 7 and 8 in Scottsdale, Ariz. Co-sponsored by Conklin & de Decker and the National Air Transportation Association (NATA), the event attracted business aircraft owners, operators and management companies.

September 2, 2012 - 3:35am

For the past two years, the business aviation industry has pondered when the oft-mentioned bottom of the trough in aircraft deliveries might actually be reached. In a recent JetNet iQ survey, half of the respondents believe deliveries have already hit bottom, while more than 25 percent see the industry as showing some upward momentum at last.

September 2, 2012 - 2:55am

Owners and operators of business aircraft were disappointed last month when the IRS issued final regulations disallowing certain deductions for “entertainment” use of company aircraft.

The provisions were originally contained in the “American Jobs Creation Act of 2004.”

Under the new rules, the difference between the actual cost of personal entertainment flights provided for “specified individuals” and the amount included as income for the individual is disallowed as a deduction to the corporation.

September 2, 2012 - 1:10am
AW139 medium twin

AgustaWestland delivered its 500th AW139 this summer to Weststar Aviation Services of Malaysia, a year after delivering its 400th AW139. Weststar is the largest operator of AW139s in Asia, with 13 already in service and three more on order. The company serves the offshore oil and gas industry.

September 1, 2012 - 6:00am

With the debate over Europe’s emissions trading scheme heating up faster than you can say “illegal carbon tax,” aviation quietly continues the efficiency and emissions-reduction gains that have been under way for decades. Engine manufacturers are turning their ingenuity to building lighter engines that get more out of every drop of fuel and emit less greenhouse gas.

September 1, 2012 - 3:50am

Two years after entering bankruptcy protection, restructured Irish regional operator Aer Arann has embarked on a fleet-replacement program. Last month it neared a resolution to negotiations to acquire eight ATR 72-600s, reflecting expectations for rejuvenation of a business that has fought valiantly to escape the ravages of the Irish economic collapse.

September 1, 2012 - 3:08am

At the end of 2012 Mike Ambrose, 67, will retire as director general of ERA after serving more than 25 years in the post. The ERA board has approved the elevation of Simon McNamara, 40, to the role from his current position as deputy director general.

August 31, 2012 - 10:00am
Gripen

Sweden and Switzerland have reached agreement on sharing the cost to develop and introduce the next-generation version of the Saab Gripen fighter. The Swedish defense ministry said there are good opportunities for synergies, including training, maintenance and future upgrades.

August 31, 2012 - 9:50am
JMR

The U.S. Army issued a draft solicitation seeking technical and cost proposals from industry to develop an air vehicle for its next-generation helicopter requirement, known as the Joint Multi-Role (JMR) aircraft. The first phase of the JMR technology demonstration effort would produce two demonstrator aircraft in 2017.

 
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