Economics

October 24, 2013 - 10:10pm

Bill Snead, president of Wichita-based AOPA Insurance (Booth No. C10424)–a wholly-owned subsidiary of the Aircraft Owners and Pilots Association–put it most succinctly when he presented the company’s new options to members at NBAA 2013. “FBOs are our primary targets with our new commercial insurance offering. Beyond that, we are ready to insure corporate flight departments to a very high limit of liability,” he told AIN. “We know we can offer competitive rates, and that’s exciting.”

October 23, 2013 - 1:45pm

NationAir (Booth No. N5311) announced at NBAA 13 that it has created an aviation product liability division, to be lead by 15-year insurance veteran Jamie Benthusen. The company, founded in 1978, has pioneered specialized insurance programs, with clients in 30 countries worldwide.

“Our products liability division is part of our commitment to provide the full spectrum of risk management for our aftermarket aviation suppliers. It is a natural progression to extend our services through the supply chain,” said Jeffrey Bauer, president of NationAir.

October 23, 2013 - 1:45pm

NationAir (Booth No. N5311) announced at NBAA 13 that it has created an aviation product liability division, to be lead by 15-year insurance veteran Jamie Benthusen. The company, founded in 1978, has pioneered specialized insurance programs, with clients in 30 countries worldwide.

“Our products liability division is part of our commitment to provide the full spectrum of risk management for our aftermarket aviation suppliers. It is a natural progression to extend our services through the supply chain,” said Jeffrey Bauer, president of NationAir.

October 23, 2013 - 3:30am

As most NBAA attendees will attest, the safe and legal operation of an aircraft is a complex task. With a seemingly endless list of agencies to answer to, it is all too easy for something to fall through the cracks. Aviation law specialist Advocate Consulting Legal Group (Booth No. C9314) assists its clients in developing and implementing entity structures and contractual arrangements to maximize tax savings, while complying with FAA, DOT and state regulatory requirements.

October 22, 2013 - 7:00pm

AOPA Insurance–a wholly-owned subsidiary of the Aircraft Owners and Pilots Association–is expanding its offerings to cover business aviation. “FBOs are our primary targets with our new commercial insurance offering. Beyond that, we are ready to insure corporate flight departments to a very high limit of liability,” company president Bill Snead told AIN.

October 22, 2013 - 2:15am
USAIG president and CEO Dave McKay

Insurance is a necessity that operators hope never to put to use, but with operating costs, especially for fuel, running so high, any opportunity to save money is always welcome. Insurance underwriter USAIG is helping lower costs with its new Performance Vector Plus program, which can save flight departments as much as 15 percent on insurance premiums.

October 3, 2013 - 3:40pm

Avantair’s bankruptcy trustee filed a motion last week that seeks to sell a Socata TBM 700 owned by a wholly owned subsidiary and used solely for company executive transport. If Middle District Florida Bankruptcy Court judge Catherine McEwen approves the motion during a scheduled hearing on October 17, aircraft sales broker Corporate Jet Solutions would list the turboprop single for $1.85 million.

August 20, 2013 - 4:10pm

Clearwater Fla.-based Avantair’s assets will be sold off and the company liquidated after it failed to meet a deadline last week to contest an involuntary Chapter 7 filing in the Florida Middle District U.S. Bankruptcy Court in Tampa. Judge Catherine McEwen signed an order on Friday converting the case to full Chapter 7 status and gave former fractional provider Avantair until this Friday to provide the court with a list of creditors, co-debtors and unexpired leases. The court has also given Avantair’s creditors until December 18 to file a claim.

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.”

August 6, 2013 - 3:28pm

The involuntary Chapter 7 case against Avantair in the U.S. Bankruptcy Court in Tampa, Fla., is proceeding at a much faster pace than industry sources initially expected. On Thursday, just one week after the case was filed, U.S. Bankruptcy Judge Catherin McEwen held an emergency hearing to consider the filing creditors’ request for appointment of an interim bankruptcy trustee, as well as a motion to prevent removal of business records.

 
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