Contract law

October 20, 2010 - 2:01pm

Members of the Florida Aviation Trades Association learned recently that the Third District Court (Miami) has issued a ruling that will significantly affect the recourse available to the maintenance industry when faced with a non-paying customer.

Previously, a repair facility could put a lien on the aircraft when it perceived the customer would not pay the bill regardless of who was in possession of the aircraft.

August 26, 2010 - 12:45pm

Richard Santulli, founder of fractional-share company NetJets, is back in the aviation business with a new business jet and helicopter leasing company called Milestone Aviation Group. Santulli, 66, resigned from NetJets last August but said at the time that he would remain a consultant to the company for a year. Warren Buffett’s Berkshire Hathaway bought NetJets in 1998 for $725 million.

June 2, 2010 - 11:29am

Spare-parts company Ship It AOG has added a 7,000-sq-ft warehouse adjacent to its existing facility in Addison, Texas, bringing the total warehouse space to 14,000 sq ft. The company opened in 2000 and “for years we doubled our growth annually.

February 4, 2010 - 9:48am

International Brotherhood of Teamsters Local 1108, the union for Flight Options’ 500 pilots, this week announced that it reached a tentative agreement for a first contract last Thursday with the Cleveland-based fractional provider. The agreement comes some four years after the union came on the property and, if ratified, will end years of sometimes acrimonious negotiations.

December 1, 2008 - 6:32am

Avidyne is offering an extended warranty plan called FlexCare, available for one-, two- or three-year terms after the original two-year warranty expires. Coverage is the same as provided by the original warranty, including parts, labor, dealer removal and installation and calibration charges as well as Avidyne’s platinum exchange and advanced exchange services for expedited return to service and in- and outbound shipping on exchanges.

October 6, 2008 - 8:34am

Garmin International opened NBAA’08 by announcing a pair of offers to purchasers and operators of its G1000 integrated flight deck that include price breaks on popular options and an extended warranty on the system itself.

July 30, 2008 - 11:57am

A Sentient Flight Group executive told AIN today that the funding round referenced in yesterday’s issue of AINalerts (click here for story) has closed, putting the company on a more stable financial footing.

July 30, 2008 - 6:20am

A battle is brewing between the Million Air FBO franchising company and one of its more prominent franchisees, a group of seven Million Air FBOs owned by various companies led by Ken Allison. The FBOs, called “Jason III Aviation et al” in the lawsuits, include Million Airs in Cincinnati and Columbus, Ohio; New Orleans and Lafayette, La.; Chicago; Asheville, N.C.; and Charleston, S.C.

July 30, 2008 - 5:15am

Buying an aircraft can be a daunting task. Unless a company or individual has deep pockets, it will inevitably require either leasing with an option to buy or financing a purchase. Even if paying in cash is an option, doing so can be problematic. Dave Labrozzi, senior v-p and general manager of Danbury, Conn.-based GE Corporate Aircraft Group, explained the difference between leasing with an option to buy and outright purchase.

 
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