Business

October 8, 2012 - 1:41pm

The International Civil Aviation Organization’s symposium on performance-based navigation (PBN) runs from October 16 to October 19 at ICAO headquarters in Montreal. The event will include speakers and attendees from every PBN stakeholder group, including pilots, air traffic controllers, airlines, system manufacturers, regulators and air navigation service providers.

October 8, 2012 - 10:50am

Ireland-based aircraft lessor Avolon is speaking out against what it characterizes as irresponsible speculation that the economic life of modern airliners has been significantly reduced by the dismantling (for parts) of a number of relatively young aircraft, such as the Airbus A318. In an October 2 webcast, Avolon CEO Domhnal Slattery and head of strategy Dick Forsberg presented the results of a study drawing on raw fleet data provided by consultancy Ascend, combined with its own 10-year projections.

October 8, 2012 - 10:50am

After failing to reach an agreement with striking engineers and pilots who have not been paid since March this year, India’s Kingfisher Airlines has effectively grounded itself until at least October 12 by locking out staff. Kingfisher’s management, led by owner Vijay Mallya, is trying to renegotiate some $2.49 billion in debt with creditors while it struggles with serious cash-flow problems, evidenced by $1.9 billion in losses for the first half of this year.

October 5, 2012 - 9:36am
Pankl Aerospace Innovations won the first Sikorsky Innovations Entrepreneurial Challenge for its technology demonstrator, which featured active camouflage, bionically inspired rotor blades and advanced aerodynamics. Shown here is Pankl Aerospace Innovations CEO Sonya Zierhut.

Technology entrepreneurs take your marks! This year’s Sikorsky Innovations Entrepreneurial Challenge is open for submissions, but you have to act fast. Applications must be received by 5 p.m. EDT on Wednesday, October 10. Sikorsky Innovations is a division of Sikorsky Aircraft.

October 5, 2012 - 5:40am

American Eagle flight attendants voted to ratify a tentative contract agreement with the bankrupt airline last month. The Association of Flight Attendants (AFA) said the deal contains “substantial improvements” over management’s original bankruptcy term sheet as well as its so-called Last Best Final Offer. Eighty-seven percent of the AFA members who cast ballots voted in favor of the agreement.

October 5, 2012 - 4:55am

Pinnacle Airlines subsidiary Colgan Air performed its last revenue flight on September 5. Flight 3923, a Bombardier Q400 operating as United Express, flew from Washington Dulles International Airport to Albany International, arriving at 8:11 a.m. local time.

Pinnacle entered Chapter 11 bankruptcy protection April 1 and on that same day announced its plan to “wind down” all its turboprop flying and close Colgan by November 30. United’s ability to reach a deal quickly with Republic Airways to fly the 28 Q400s leased by Colgan allowed Pinnacle to accelerate the closure process.

October 5, 2012 - 2:10am

Officials in California have unanimously approved an environmental plan that could make March Air Reserve Base near Riverside, Calif., much more accommodating to private aircraft operators by 2014. The base, which features a 13,300-foot primary runway, has permitted private aircraft operations with prior approval only since 2008 and has a rudimentary trailer-based FBO to supply the few private aircraft arrivals with jet-A, the only fuel currently available.

October 5, 2012 - 1:10am

Facing 100-percent hangar occupancy at Atlanta’s Cobb County Airport/McCollum Field, the Atlanta Executive Jet Center (AECJ) has completed its Corporate Row Hangar Project, a $7 million development. Occupying a six-acre plot leased by AECJ in 2010, it consists of 100,000 sq ft of corporate hangar space along with 240,000 sq ft of new ramp at the airport. The new complex is expected to generate $9 million a year for the local community.

October 5, 2012 - 12:15am

Dialog over the propriety of competition from airport-sponsored FBOs ratcheted up when several members of Congress submitted a letter to acting FAA Administrator Michael Huerta expressing their concern about the use of federal funding provided by the agency for airport development.

October 4, 2012 - 4:05pm

In the first nine months of this year, accidents involving both U.S.- and non-U.S.-registered business jets increased from those recorded in the same period last year.

 
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