Erickson Air-Crane’s acquisition of Evergreen Helicopters earlier this year is drawing fire from at least law firms representing the former’s shareholders. On March 20, Erickson announced it had agreed to acquire Evergreen for $250 million.
The Aviation Home Office, a newly launched independent business aviation consultancy, is offering a range of advisory services for aircraft owners, operators and buyers to ensure reduced operational and management costs, full transparency and complete supplier accountability. It says it can act in aircraft owners’ interest by providing “independent expertise and professional services” on a fiduciary basis. As examples, the company will be able to help operators find billing errors and can assist clients in determining business aircraft values when buying or selling.
The FAA extended until August 17 the comment period for its proposed policy regarding the registration of aircraft to U.S. citizen trustees in situations involving non-U.S. citizen trustors and beneficiaries. As part of its review of non-citizen trusts, the FAA published its proposed policy clarification on February 9 on use of non-citizen trusts to register aircraft in the U.S. The FAA also held a public hearing on this subject on June 6 and has now publicly released a slide presentation it made at that meeting. Comments can be sent to firstname.lastname@example.org.
In response to scuttlebutt that the FAA had ceased processing aircraft registrations for foreign-owner trusts, the agency sent a letter to a group of stakeholders clarifying that it has not imposed any moratorium on the issuance of pending or future registrations involving non-citizen trusts.
The FAA has begun investigating the use of aircraft owner trusts to obtain valid registration where the trust beneficiary is a non-U.S. citizen, and the agency has stopped processing aircraft registrations that are based on the use of non-citizen owner trusts.
A U.S. Court of Appeals last month affirmed the preliminary injunction that barred Delta Air Lines from ending Mesa Air Group’s Delta Connection agreement covering 22 Embraer ERJ 145s. A U.S. District Court issued the injunction in May of last year after Delta alleged that Mesa subsidiary Freedom Airlines failed to meet completion rate guarantees.
Facing a major challenge for control of the company, Phoenix-based health and security assistance provider MedAire has rejected a demand from “certain shareholders” to replace its current four-member board of directors with six new individuals, “four of whom are employees of MedAire’s competitor International SOS [based in Singapore].” According to a MedAire spokesman, the demand came in a letter presented to MedAire on November 28 by lawyers
A federal judge in Albuquerque, N.M., Friday denied Aviace’s plea for preliminary injunction against Eclipse Aviation as part of the Swiss firm’s lawsuit alleging Eclipse violated a March 2002 sales contract. The suit accused Eclipse of wrongly canceling the order for Aviace’s first Eclipse 500 and declaring the initial deposit on that aircraft forfeited.
U.S. Bankruptcy Court Judge Robert Faris last month denied Hawaiian Airlines’ request for a preliminary injunction to suspend inter-island service by Mesa Air Group’s Go! subsidiary, citing Hawaiian’s failure to meet the “stringent standard” required for such a severe measure.