Business law

March 6, 2013 - 11:15pm

Vector Financial Services Ireland announced at Heli-Expo ’13 availability of a fleet of customized Super Puma AS332Ls, including new leasing and hourly support options, aimed at utility operators in the European Union, UN and NATO countries.

“Our lease program gives customers the ability to operate a Super Puma AS332L helicopter…without the large capital investment associated with outright purchase of either a second-hand aircraft or the associated typical aircraft financial lease type obligations,” said Vector UK managing director Michael Tyrell.

February 7, 2013 - 2:55pm

Aspen Avionics co-founder Peter Lyons has moved to a new job as president of Avionyx, an engineering services provider headquartered in Costa Rica. Avionyx specializes in helping aerospace manufacturers with development of DO178- and DO254-compliant software and electronic hardware. Work that Avionyx engineers accomplish includes safety-critical software development, verification services and turnkey design. Lyons is responsible for company operations and will focus on new business development from his office in Albuquerque, N.M.

October 25, 2012 - 3:35pm

According to figures released today by business aviation data company Amstat, the long hoped-for “broad based business aircraft resale market recovery still remains elusive.” While inventories of pre-owned business aircraft continued to contract and transaction activity continues to increase on a year-over-year basis, the rate of improvement slowed in the third quarter, it said.

July 24, 2012 - 1:13pm

Judge Patrick Brady of the Massachusetts Superior Court in Norfolk County last month denied the arguments in a lawsuit by Boston Air Charter (BAC) challenging the rulings made by the town of Norwood and its airport commission.

July 12, 2012 - 8:00am

GE Capital Aviation Service signed a memorandum of understanding (MoU) yesterday at the Farnborough Airshow with CFM International to participate in the engine manufacturer’s new product offering for leasing companies, called Portable Maintenance for Lessors (PML). The final agreement should be complete by year-end, the companies said.

July 10, 2012 - 3:35pm

Engine Lease Finance (ELFC) has become the first CFM International (CFMI) spare-engine lessor to use the manufacturer’s portable maintenance for lessors (PML) program under a memorandum of understanding that could be formally ratified by year’s end.

June 2, 2012 - 2:40am

A legal case that could hold serious ramifications for the aircraft financing and leasing industry met its end with a blow against the lenders when the U.S. Supreme Court refused to hear an appeal.

May 1, 2012 - 4:10pm

Since business aviation operators are increasingly turning to independent contractors to contain costs and do more while conserving resources, NBAA has published a guide aimed at helping flight operators to properly classify these workers as either employees or independent contractors. “If a worker is classified incorrectly, there are significant tax, liability and legal risks for the employer,” NBAA said.

April 30, 2012 - 11:00am
Mairead Lavery

Encouraged by last year’s successful effort to secure three European lessors for 10 Air Nostrum CRJ1000s, Bombardier expects the trend toward more lease acquisitions of regional airliners to continue. For the Canadian airframer, attracting lessors will prove vital to the success of the new C Series as well, and perhaps most notably in China, where aircraft leasing remains a relatively new option.

June 21, 2011 - 5:00am

The world’s aircraft leasing industry appears to have weathered the proverbial storm of the global recession and now looks well positioned to exploit aircraft placement opportunities in markets such as China, in particular. However, such opportunities won’t come without their challenges, according to some of the leasing company bosses who appeared at this spring’s International Society of Transport Aircraft Traders (ISTAT) conference.

 
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