Economics

January 9, 2014 - 2:30pm

Demand for private charter flights is expected to pick up significantly this month, according to the latest forward-looking data from online charter portal Avinode. The Sweden-based group’s latest indices for the 30 days from January 7 show increases in projected demand for light, midsize and large-cabin business jets on both sides of the Atlantic, compared with the equivalent projections made on December 7.

December 10, 2013 - 3:17pm

The comment period for the U.S. Department of Transportation’s notice of proposed rulemaking (NPRM) on charter brokers is now closed. The NPRM stems from NTSB recommendations following the crash of a chartered Bombardier Challenger 601 on Nov. 28, 2004, in Montrose, Colo., which raised the issue of how difficult it can be for charter customers to know the identity of the charter operator when trips are arranged on their behalf.

December 1, 2013 - 6:00am

As the Great Recession moves into its sixth year, the market for used business aircraft remains something of a quagmire, with some models still searching for a price bottom. But there are bright spots where values have stabilized, and inventory overall is headed in the right direction.

November 7, 2013 - 3:15pm

With the exception of the light jets sector in Europe, demand for private and executive charter flights is holding up fairly well, according to the latest data from online charter portal Avinode. Demand for midsize and large-cabin jets in Europe on November 4 was, respectively, 42 and 74 points above where it had been a month earlier, based on Avinode’s forward-looking demand index, which projects anticipated demand for the next 30 days. Light jet demand was 70 points down over the same period.

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.

 
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