Late-2000s financial crisis

August 8, 2013 - 3:40pm

On Tuesday, Avantair asked for more time from the judge overseeing an involuntary Chapter 7 case filed against the fractional aircraft company in the U.S. Bankruptcy Court in Tampa, Fla. Avantair, which had until Tuesday to respond to the filing, argued that the “company continues to negotiate with potential sources of financing and potential plan proponents in an effort to reorganize.”

July 18, 2013 - 1:15pm

The Equipment Leasing & Financing Foundation has released the results of a survey of financing experts, “to reveal and analyze the collective thinking of business aircraft lenders, lessors and investors (financiers) about the future of their industry in 2013 through 2016.” In general, “Financiers think the worst effects of the recession and financial crisis in 2008 are behind them and that business is picking up.” The report concludes, “business aircraft will gain altitude in 2013 through 2016 and ultimately ascend to an active (if not robust) transactions market during th

January 8, 2013 - 3:55pm

“Business jets are on a positive pace in 2012, with 5.7-percent growth year-to-date in November in pre-owned full retail sale transactions and a 1.8-percent increase in average asking price, compared with the same period in 2011,” business aviation market information firm JetNet said today in its latest market update.

 
X