The Middle East Business Aviation Association (MEBAA) and Gates & Partners, the London-based international law firm, will hold a free one-day seminar at the Dubai Air Show on Wednesday, November 16.
My job at this month’s NBAA show in Las Vegas was to present our AINtv webcasts. I’ve been working on AINtv since its launch in 2006 and it really is great fun—in fact, don’t tell my boss, but it’s light relief from the daily grind of churning out articles for AIN’s print and online editions.
The Independent Fixed Base Operators Association (IFBOA) and insurance provider QBE Holdings have announced the creation of a new insurance program for the association’s members. According to IFBOA, the program will provide workers’ compensation insurance at competitive rates while allowing participants to earn an annual return on those costs while taking advantage of the group’s purchasing power.
Business aviation may still be brimming with righteous indignation over recent attacks by President Barack Obama (in the row over bonus depreciation) and The Wall Street Journal (over the Block Aircraft Registration Request issue), but it now faces bigger and more tangible problems.
Air transport traffic statistics for June showed a showed a slight softening in demand for both air travel and freight markets, according to a report released today by the International Air Transport Association (IATA). Compared with June 2010, passenger demand increased 4.4 percent while freight demand dropped by 3 percent.
Berkley Accident and Health has set up Encap Business Aviation Captive to create “an insurance brokerage program specifically for business aviation employers that employ between ten and 1,000 employees,” Joe Clifton, director of JP Benefits Connection, told AIN. The program offers medical and prescription coverage.
FinServe Aviation Insurance introduced an insurance program designed specifically for business aircraft owners and operators in Europe. According to the company, the program covers a broader range of risks associated with business aviation than a standard aircraft insurance policy.
Hawker Beechcraft (HBC) is holding preliminary discussions about expanding manufacturing operations into China, according to a company spokeswoman, who confirmed reports of HBC’s growing interest in the China market. Company CEO Bill Boisture has visited China a few times in recent months, she said, but HBC hasn’t yet publicly identified Chinese companies with which it might partner.
Advocacy efforts by NBAA members, the Connecticut Legislative Aviation Caucus and the Connecticut Business Aviation Group to fight a personal property tax on all aircraft based in the state were successful. Last month, the House and Senate in Connecticut passed a budget that does not contain “the potentially devastating tax increases for aviation that were proposed in earlier versions,” NBAA said.
Bond Aviation Group has been acquired by World Helicopters, a holding firm owned by Investindustrial and KKR. Bond and Spain’s Inaer now share the same parent company. According to a joint statement, Bond owners Peter and Stephen Bond have made “a substantial financial investment” in World Helicopters. The Bond brand “will continue,” as will the current senior management team.